Laborious money lenders charge month-to-month interest on loans. SwiftMoney loans are disbursed within 10 minutes once a loan application is accredited. On a bigger scale have a look at a $300,000 mortgage over 15 years at 5%. The repayments are $2372. This provides you much more responsibility to pay off your loan, as any late or missed funds affect your and the cosigner's credit standing.