A Complete Guide to Everything LIBOR
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What is LIBOR?
How Does LIBOR Work?
British pound Euro Japanese yen Swiss franc U.S. dollar
Overnight One week One month Two months Three months Six months 12 months
How is LIBOR Calculated?
Who Uses Libor?
How LIBOR Affects Loans
Personal/business credit history Time in business Revenue Collateral Other debt Chosen maturity
Pros and Cons of LIBOR
The History of LIBOR
2008 Financial Crisis
LIBOR Scandal of Rate Rigging
Phasing Out
Alternatives to LIBOR
EURIBOR
TIBOR
SHIBOR
MIBOR
Prime Rate
SOFR
The Takeaway
Frequently Asked Questions
About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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