Sentences with phrase «term high interest rate loans»

For example, short - term high interest rate loans will often have a 30 % interest rate for a two week term, or $ 30 owed for every $ 100 borrowed — which translates into a 782.14 % APR..

Not exact matches

Downside: Watch for higher interest rates and shorter terms on peer - to - peer loans, in addition to a more rigorous and intensive itinerary required from both parties to secure the loan.

To cover some of the risk, lenders charge higher interest rates for longer term loans.

The state of New York is considering regulating online lenders after lawmakers found that there was «significant potential for unscrupulous online lenders to exploit consumers through predatory practices such as unusually high interest rates, lack of disclosure of hidden fees, and unclear loan terms.»

The loans range from $ 500 up to $ 350,000 or more, with interest rates that are slightly higher than bank rates and terms that are in line with conventional loans.

In January, according to the Times, HNA Group companies bombarded employees with a variety of e-mail pitches promising high rates of interest in exchange for short - term loans.

For most borrowers, it makes sense to direct any extra payment toward your loan with the highest interest rate — this is the fastest way to save the most money over the long term.

If a longer loan term is desired, shoppers should check whether the lender charges a higher interest rate for longer term lengths.

Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest rates that are virtually equal to or exceed long - term interest rates, thus lowering profit margins for financial services companies that borrow cash at short - term rates and lend at long - term rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.

APR represents the total interest cost, including fees, as an annualized rate which may appear higher than the actual overall cost of a short term loan.

This doesn't take into account postsecondary institutions, which have seen long - term building maintenance cuts, and whose students, paying some of the highest interest rates on student loans in the country, saw their grant program replaced with a loan - reduction program nine years ago.

That said, as longer terms tend to go hand - in - hand with higher rates, those planning to repay their student loans faster may lose money to interest payments by selecting a 15 - year term.

The important thing to remember is, all other things being equal, a lower student loan interest rate is better than a higher one — but you need to consider all of the terms of the loan including whether the rate is fixed or variable and what your loan repayment options are to ensure you get the best overall deal.

Most borrowers will also end up paying a higher interest rate the higher the loan amount and for 60 - month loan terms versus 36 months.

It's possible a longer - term loan will have a lower annualized interest rate, but the total cost of the loan will likely be higher.

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

Borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.Rate, or (iii) one - month LIBOR plus 1.0 %.

Here's what we like about this program: below - market interest rates, long repayment terms, low down payments and high loan amounts.

Like bridge loans, hard money loans have short terms, higher interest rates and interest - only payments.

A higher credit score leads to more favorable loan terms, including a lower interest rate.

The interest rates are also generally higher than other lenders; that can be a problem if you're looking for a longer - term loan to give yourself more time.

Borrowings under our credit facility bear interest at a per annum rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans, the highest of (i) the federal funds effective rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeloans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offeLoans, depending on our leverage ratio and on certain factors relating to this offering.

Refinancing your student loans with a long - term repayment plan (15 years) might be attractive, but remember that interest rates are going to be higher and will cost you more money in the long run.

In November 2013, Desert Newco refinanced the term loan, lowering the interest rates to either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the federal funds rate plus 0.5 %, (ii) the prime rate, or (iii) one month LIBOR plus 1.0 %, with step - downs of up to 0.25 % depending on Desert Newco's credit ratings.

Borrowings under the refinanced Credit Facility bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.Rate, or (iii) one - month LIBOR plus 1.0 %.

The interest rate was revised such that borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.rate was revised such that borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.Rate, or (iii) one - month LIBOR plus 1.0 %.

A commercial lender that offers short - term loans will charge higher interest rates, but it's more likely to approve and fund a loan quickly.

A lenders may have a high APR, which includes interest rate, fees, and loan term.

This reflects borrowers switching from loan products with higher interest rates, such as traditional fixed - term personal loans, to products which attract lower rates of interest, such as home - equity lines of credit and other borrowing secured by residential property.

Finally, a lifetime rate cap could place a restriction on how high an interest rate can rise over the entire loan term.

While loan programs exist that help a wider range of borrowers, such as the FHA loan program, having a credit score of 700 or higher ensures you get the best mortgage interest rates and loan terms.

The loan's terms will lay out how many times the interest rate can rise and also the highest possible amount it can reach.

Repeat borrowing is a common problem for borrowers of short - term loans with high interest rates.

Understand, though, that if you repay the new loan over a 15 year term, your overall cost could be higher even at a lower interest rate.

The rate is capped at a certain level specified in the terms of the loan, so you are aware from the beginning how high the interest rate could possibly reach.

In exchange for their credit risk, these loans offer high interest payments that typically float above a common short - term benchmark such as the London Interbank Offered Rate, or LIBOR.

They are usually short - term loans backed by collateral with high interest rates and fees.

The best way to stay out of default is to avoid taking on high - interest rate, long - term car loans — which creditors often market to low - income, poor credit score consumers.

Some lenders offer small loans with very high interest rates and terms varying from 2 weeks to 2 months.

A US$ 2bn term loan B (TLB) is expected to attract institutional investors - especially CLO funds interested in higher - rated paper - despite some concerns over the retail sector.

Be aware though, short - term loans carry high interest rates: If you borrowed $ 200 from LendUp for two weeks, you'd owe $ 235, which works out to an APR of more than 400 %.

While an ARM's interest rate is free to change, there are specific parameters laid out in the loan's terms that control how many times the rate can change as well as the highest possible level that it can reach.

Before deciding if an ARM is the right mortgage option for you, you need to check the loan's terms carefully: the terms will specify the highest possible rate that the interest can jump to.

If you have good credit, know that you will have the funds needed to repay your loan as quickly as possible, and aren't worried about high interest rates, you could be a good candidate for a short - term loan.

Does the currency carry trade, financing short - term deposits in currencies with high interest rates with short - term loans in currencies with low interest rates (or being long and short forward contracts in currencies with high and low interest rates) generate a reliably attractive return?

Since they are short - term loans, the lender does not receive much in the form of interest, even if the interest rate is high.

The firm is so troubled that Washington has completely backed away from its role as a stern lender that forced AIG to pay high interest rates on what it assumed would be short - term loans.

A higher score will qualify you for more loan opportunities, lower interest rates and better loan terms in the future.

This is great for those who are looking to invest long term because the interest paid from peer to peer loans are usually taxed at your highest marginal tax rate if it isn't tax sheltered.

Smaller loans with shorter terms will have higher interest rates.