Can short-term bank loans be phased?

Short-term bank loans can be paid in installments, because the loan itself is a way of repayment by installments.

Short-term loans refer to loans with a loan term of less than 1 year (including 1 year), which are used for the liquidity needs of the borrower's production and operation, and are divided into consumer loans, business loans and liquidity loans according to purposes and uses.

Users who apply for short-term loans need to repay on time, so as to avoid leaving bad records on personal credit information after the deadline and bringing unnecessary troubles to their later lives.

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