Fixed rate loans charge a fixed rate of interest over the term of the loan. (personalfinanceinsider.com)
For example, we could make a lot more money by selling whole life insurance over term life insurance, but we don't believe that's the right thing for most consumers. (policygenius.com)
The downside to this plan is that the amount of interest paid over the term of the unsecured loan is more, making the cost of the loan greater. (badcreditloanservices.com)