long-term loan

The Spanish phrase 'préstamo a largo plazo' translates to 'long-term loan' in English. This phrase is used in business and finance settings. A 'préstamo a largo plazo', or long-term loan, is a type of loan that is paid back over a lengthy period of time, usually longer than a year. It can be for any loan, including those for personal, auto, residential, or business purposes. Like any loan, it will involve interest payments in addition to the repayment of the principal amount.

Example sentences using: préstamo a largo plazo

El préstamo a largo plazo se puede utilizar para comprar una casa.

The long-term loan can be used to buy a house.

This phrase discusses the application of a long-term loan as a financial tool for purchasing real estate, highlighting its usefulness.

Solicité un préstamo a largo plazo para financiar mis estudios.

I applied for a long-term loan to finance my studies.

In this example, the speaker is indicating that they sought a long-term loan to cover educational expenses, showcasing its role in personal investment.

Es recomendable comparar tasas antes de aceptar un préstamo a largo plazo.

It is advisable to compare rates before accepting a long-term loan.

This phrase emphasizes the importance of evaluating different interest rates and terms before committing to a long-term loan.