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Definitions from the Web

Loan Rate

Definition:

A loan rate refers to the interest percentage charged on a loan, indicating the cost of borrowing money from a lender.

Sense 1: Popular

The popular sense of "loan rate" pertains to the rate at which interest is charged on a loan.

The new bank offers a competitive loan rate of 3.5% for home mortgages.

Sense 2: Local

In a local context, "loan rate" might refer to the interest rate set by a specific financial institution in a particular region.

The local credit union is known for its low loan rates, making it an attractive option for small businesses.

Possible Related Products:

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