Iceland's banking sector was allowed to grow to a disproportionate size relative to Iceland's GDP, including by offering foreign currency savings
accounts at attractive interest rates, which implicitly put the Icelandic government, and therefore the Icelandic people, on the hook for ultimately repaying other countries when Iceland's banking system collapsed and a systemic Icelandic bank run occurred.
In June, loan approval rates at credit unions improved slightly to 43.7 % from 43.6 % in May, while approval rates by alternative lenders slipped for the fifth consecutive month to 63.2 % in June, from 63.3 % in May «Entrepreneurs are getting funding from
banks at attractive interest rates.
Because the mortgages are insured by FHA, protecting lenders against buyer default, lenders can offer FHA loans
at attractive interest rates with more flexible and less stringent qualification requirements.
While there is healthy competition with many players offering high - interest savings
accounts at attractive interest rates and features, President's Choice Financial is pretty much the only game in town if you want a no - fee chequing account.
Peer - to - peer lenders like Prosper and Lending Club run online platforms that can quickly and automatically match borrowers seeking a loan to an investor willing to provide the funds for that loan
at an attractive interest rate.
Why People Get FHA Loans Because of that insurance, lenders can — and do — offer FHA loans
at attractive interest rates and with less stringent and more flexible qualification requirements.