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A short term loan like what the name suggest is given for a short period of time say 1 month or maximum of 60 days. Being short term in nature, the rate of interest on the amount so borrowed is very high. On an average, one can avail at a maximum of $1500 dollars in short term loans and not more than that.
A lease is often a year, sometimes 6 months. A short-term rental is typically 6 months or less, or month-to-month. It's important to know the length of your term because you're locked into that time frame once you sign a lease.