"Subprime borrowers" refers to individuals who have a lower credit rating or poor credit history, making them riskier for lenders to lend money to. They may have difficulty obtaining loans with preferable interest rates and terms. Full definition
Mortgage lenders charged higher interest rates for subprime borrowers. (homebuyinginstitute.com)
Lenders may cut standards more to grab market share as the pace of auto sales slow and the number of subprime borrowers stops expanding, the rating firm said. (news-to-use.com)
These loans generally have higher interest rates than conventional loans due to the heightened risk associated with subprime borrowers. (valuepenguin.com)