26 Jan Types of Interest Rates in Canada
Posted at 21:56h
in Articles
- Fixed Rate of Interest
- Simple Interest
- Variable Rate of Interest
If a lender finds the borrower for example to be low risk then the borrower may be given that or perhaps even a lower interest rate. Alternatively, if the borrower has worse credit, jumps around jobs a lot, is leveraged higher or so forth he or she will be offered higher interest rates accordingly, or possibly denied altogether.