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After getting your application approved and loan amount credited in your bank account the next step is the repayment of your borrowed loan. When you get your account credited with the loan amount your time to repay begins from that instance. For long term loans you can repay it in installments for a stretched tenure and it involves a kind of different procedure. But when we talk about short term online loans its tenure is very short and starts from one day and goes up to 30 days within which you have to repay either your loans for bad credits or your no credit loans on time. And the loans for bad credit interest is calculated according to your borrowed amount of money and the time taken to repay the same. The repayment cannot be made in installments and it can only be made as a single payment adding the interest and charges applicable for that particular amount of money you have applied for and borrowed. It is the same thing even for the no credit loans because it is also treated like an unsecured loan as like the loans for bad credits. You have to be really punctual for repaying your loan amount on time otherwise you will be marked for faulty payment and less trust rating.