lending rate
Interest for loans
A lending rate is the interest rate a financial institution charges borrowers on loans.
Banks set lending rates based on central bank policy, market conditions, and borrower risk.
The term often appears in discussions of monetary policy: The central bank raised its benchmark lending rate to combat inflation.
Compare with the deposit rate, which banks pay savers.
- Federal ReserveUS central banking system
- mortgage loanDebt secured by property
- European Central BankEurozone's monetary authority
- easy moneyProfit gained effortlessly
- tight creditRestricted availability of loans
inflation · personal loan · credit unions · borrowers · monetary policy · compound interest · central bank · business loan · bank loan · commercial banks · credit card debt · creditworthiness · credit score · debt burden · simple interest · payday loan · auto loan · yield curve
- interest ratesinterest, interest charge, interest income, interest payments, compound interest
- crypto metricsmarket cap, trading volume, liquidity, APY, APR
- debtdebt, creditor, owe, debtor, debt forgiveness
- creditcredit card, credit score, credit limit, credit cards, credit scores
- banking costsbank fees, bank charges, service fees, service charges, overdraft fees