lånetid

Lånetid is a term used to describe the duration of a loan. It can refer to the time an item or money is borrowed and the period allowed to repay. The length of the lånetid influences the size of payments, the total interest or cost, and the risk to the lender.

In libraries, lånetid denotes the loan period for borrowed items such as books, magazines and media. The allowed lånetid varies by item type and library policy; for example, books may be lent for about two to four weeks, while magazines have shorter periods. Renewals may extend the lånetid if no other borrower is waiting. If the item is overdue, fines or restrictions can apply.

In financial lending, lånetid is often described as the loan’s term or maturity. It determines how long the borrower has to repay and how often payments occur. The interest rate may be fixed or variable for the duration of the lånetid. Terms range from short-term loans of a few months to long-term loans spanning many years, such as mortgages. The amortization schedule divides principal and interest over the lånetid, and some products permit early repayment with or without penalties.

In practice, the lånetid is specified in the lending agreement and helps manage cash flow, collateral, and risk for the lender while guiding the borrower's budgeting. Regulations and common practices vary by country and institution.