Sentences with phrase «prime interest rate on personal loans»

Banks welcome potential borrowers with excellent credit, offering them the prime interest rate on personal loans and mortgages.

Not exact matches

Commercial banks use it as a benchmark to set their own prime rate, which in turn dictates interest rates on most home equity loans and lines of credit, credit cards, auto loans and personal loans — even some small business loans.

Most folks in the market for a car loan or a short - term personal loan will feel the interest rate increase far more than those on the hunt for their next home, given that financial institutions are likely to pass on the higher expense of short - term borrowing directly to the consumer by increasing the Prime rate.