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cms12321

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Personal loan quotes for $14K are either 36 mos or 60 mos...why cannot I get a quote for 48 mos?

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In your inquiry about seeking a 48 month loan as opposed to 36 or 60, months, the answer is based on the creditor.  If you are referring to "My recommendations" here on Credit Karms, these are estimates only and not the actual loan you are requesting.   When you make the actual loan request, they will probably meet most any time period you are seeking.   Although, if you are actually working with a credit firm and you need 48 months and they don't offer that, you can consider the longer term and when you make the payments, increase the payment amounts so that you pay it off in your desired time frame.   You should determine if the loan company has a prepayment penalty and how much the penalty is.   

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Personal loans are unsecured, which means the lenderhas nothing they could take and sell in the event of default on a loan, unlike with a car loan or mortgage.  A lot of things can happpen in life and the longer the repayment period, the more likely something unpleasant will happen.  Banks have seen this too often, which is why they don't want to take long term chances.

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