loan rate
Interest on borrowing
A loan rate is the interest rate charged on borrowed money—what a lender charges a borrower for the use of funds over time.
The term appears in discussions of mortgages, car loans, student loans, and business financing: Current loan rates make refinancing attractive.
Lower loan rates reduce the total cost of borrowing; higher rates increase it.
- interestAttention, stake, or fee
- mortgageSecured home loan
- APRYearly borrowing cost
- borrowObtain for temporary use
- bankPlace holding deposits
percentage · monthly · payment · credit · credit score · finance · refinance · prime · fixed · variable · adjustable · debt · term · approval · down payment · collateral · amortization · compound
- ratesroyalty, per diem, percentage, bond yield, LIBOR
- rates & feesparking fee, storage fee, service charge, subscription fee, membership fee
- interest ratesinterest, interest charge, interest income, interest payments, compound interest
- Banking MetricsROE, liquidity, deposits, assets, liabilities
- banking costsbank fees, bank charges, service fees, service charges, overdraft fees