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Interest Rates
Interest Rates are how Lenders make money on your loan - they will charge a certain percentage of your outstanding loan, which will be added to theloan balance.
Interest rates are normally quoted in the APR format, and the lower the interest rate, the cheaper the loan.
The interest rate you pay will depend on several factors, but generally, the rate will be higher for Unsecured Loans and loans to those with Bad Credit
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