Loans are divided into short-term, medium-term and long-term according to the term. Short-term loans of less than one year are divided into half-year and one-year. If you only want to use it for one month, it is recommended that you get a half-year loan. The term is set to 6 months, and you can repay the loan any day within 6 months. This saves you from having to pay extra interest on your loan when it is due.