What Is An Interest Rate? Interest Rates for Personal Loans, Explained
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Interest Rate Definition
How Interest Rates Work
Types of Interest Rates
Simple Interest Rate
Compound Interest Rate
How Interest Rates Are Determined
Interest Rates on Personal Loans
Factors That May Affect Personal Loan Interest Rates
Credit Score
Loan Principal Amount
Repayment Term
Lenders
The Takeaway
About the Author
Susan Guillory is the President of Egg Marketing, a content marketing firm based in San Diego. She’s written several business books, and has been published on sites including Forbes, AllBusiness, and Cision. She enjoys writing about business and personal credit, financial strategies, loans, and credit cards. Follow her on Twitter @eggmarketing.
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