Sentences with phrase «much higher finance charges»
Auto title loans are typically repaid more quickly than traditional bank loans and come with much higher finance charges.
https://www.finder.com/ Not exact matches
These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.»
The interest charged is much higher than conventional financing, however — loans backed by Fannie Mae and Freddie Mac are around the 4 percent range while Walhood is paying about an 11 percent interest rate through crowdfunding.