Sentences with phrase «higher than traditional bank»

While OppLoans» interest rates are higher than traditional bank loans, that's because they're lending to a very different type of borrower — one who is likely to be rejected for a loan from other lenders.

With their Interest Checking account, you can get an APY of anywhere from 0.10 % — 0,60 %, which is much higher than a traditional bank (to get the highest interest rates, you have to have a balance of at least $ 15,000).

When looking at the terms of your agreement, you may have concerns that the interest rates appear higher than traditional bank loans.

When acquiring a bad credit loan, the interest rates are higher than a traditional bank's interest rate would be.

(A few years ago, those lenders were charging rates up to 400 basis points higher than traditional banks, which were focusing their lending on select top - tier clients.)

But be forewarned that typically their interest rates will be higher than traditional banks and credit unions — in some cases, much, much higher.

Not exact matches

While banks aren't likely to charge rates that high for the loans originated through their partnerships, the rates are likely to be higher than what they offer for more traditional commercial loans, some financial experts say.

(Online banks are able to offer higher - yielding accounts online because they come with less overhead expenses than traditional bank accounts.)

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

Traditional bank loans take more time to close than higher cost alternative lending products.

Web - based lenders can command higher interest rates than traditional banks, but the odds of securing funding are substantially higher.

Because online banks don't have the expense of maintaining branches like traditional banks do, they can offer annual percentage yields of 1 % or more — about 14 times higher than the national average of 0.07 %.

For the best rates, you might consider seeking out promotions at online banks, which have lower overhead and can offer higher rates than traditional banks.

Because small businesses are considered higher risk than their larger cousins, the SBA loan guarantee helps banks offer more flexible loan terms, meaning borrowers can be approved even if they have fewer assets than what would be required with a traditional term loan at the bank.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

The main benefit of the Radius Hybrid Checking Account is its strong interest rate: its 0.85 % APY doesn't fall too far from the competitive interest rates you'll find on dedicated online savings accounts, and it's far higher than anything available at traditional brick - and - mortar banks.

We analyzed around 250 savings accounts from the top traditional banks, online banks, and credit unions to uncover the ones that deliver the highest interest rates, helping you grow your savings faster than other options.

That's a bit higher than at traditional banks, especially on the upper end; banks often charge 6 % to 10 % APR..

Adding in record bond issuance in recent years, a financing option not common in 1990s, «overall leverage is even higher today than implied by traditional measures of bank lending,» the report explained.

Because the criteria to qualify at OnDeck is more lenient than at a traditional bank and the funding time is faster, APRs will naturally be higher to reflect this.

The competing SFR design banks on a novel fission concept: bombarding uranium atoms with neutrons of much higher energy than those used in a traditional nuclear plant.

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

Generally online banks compete by offering higher rates than traditional banks, but other banks offer short - term yields that rival the best.»

Some alternative products — merchant cash advances or invoice factoring, etc. — will have higher APRs than traditional options, such as bank or SBA loans.

The main benefit of the Radius Hybrid Checking Account is its strong interest rate: its 0.85 % APY doesn't fall too far from the competitive interest rates you'll find on dedicated online savings accounts, and it's far higher than anything available at traditional brick - and - mortar banks.

Auto title loans are typically repaid more quickly than traditional bank loans and come with much higher finance charges.

In exchange, Barclays is able to offer flexible requirements and higher APYs than the traditional bank.

For the best rates, you might consider seeking out promotions at online banks, which have lower overhead and can offer higher rates than traditional banks.

Interest rates charged by the Participating Lender are generally higher than a traditional loan for a similar amount issued by a bank or credit institution.

Peer - to - peer lending standards are significantly more lenient than banks», and these loans» interest rates are usually lower than those offered by traditional lenders, but the rates will likely exceed those on high - yield savings accounts, so you stand to make a much higher return with peer - to - peer lending.

The drawback however, is that you face significantly higher interest rates than those who have stellar credit borrowing from a traditional bank.

Fixed index annuities are designed for people who want the potential to earn higher interest rates than they would through traditional bank products, 1 but who are uncomfortable with exposure to market volatility.

Higher interest rates than your traditional brick - and - mortars with no maintenance fees, thanks to the lack of expensive branch networks draining the banks» resources (and I say that as a branch banker, and thus one of the costs in question), make it a great place to park money that you aren't going to be using.

That's a bit higher than at traditional banks, especially on the upper end; banks often charge 6 % to 10 % APR..

These can offer higher rates than traditional bank accounts.

There are also some Internet - based banks that offer higher rates than traditional brick - and - mortar institutions because of their minimal operational overhead.

Although it manages to differentiate itself from other traditional banks in its checking accounts, TD's savings interest rates aren't much better than average, even though they are higher than rates found at bigger banks.

Bad credit mortgages have higher interest rates than traditional bank loans.

Since a bad credit mortgage is considered a risky investment the interest rate is higher than that of a traditional bank mortgage.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

- Online, high yield savings account: Online banks like ING Direct and HSBC Direct usually offer better rates than other types of savings accounts because they have less overhead than traditional brick - and mortar banks.

Meanwhile, conventional banks have responded to the competition by lowering fees, expanding online services, and even offering special web - based savings accounts that pay higher rates than their traditional accounts.

Online banks generally have higher interest rates than traditional banks, and the reality is, they often provide a better online banking experience because «online» is all they do.

But approval rates are higher and funding is faster than with traditional banks — as fast as 24 hours.

Because online banks don't have the expense of maintaining branches like traditional banks do, they can offer annual percentage yields of 1.50 % or more — over 20 times higher than the national average of 0.07 %.

Due in part to the low overhead that comes with being a direct online banker, Discover Bank aims to offer higher interest rates than traditional brick - and - mortar banks.

Did you know, for example, that online savings accounts typically offer higher interest rates than traditional brick and mortar banks?

Review: Bank of Internet USA's savings account has a 0.61 % APY and its one - year CD has a 0.55 % APY — among the lowest in this top 10 group but still higher than what many traditional banks offer.

Because they are a traditional bank, they offer student loans with much higher maximums than other companies.

Private lenders often provide bad credit mortgages with higher interest rates than traditional banks due to the risk typical in this kind of investment.