These include the following factors: (a) the
length of the loan, that is, the time period in which the loan principal must be completely paid, (b) whether the interest
rate is fixed or variable
over the loan period, (c) the amount
of the loan relative to the market value
of the product being financed, that is, the loan - to - value ratio, and (d) whether the loan
contract includes upfront costs such as loan processing fees.