Sentences with phrase «thus charge lower interest rates»
Due to their online nature, they have lower costs and thus charge lower interest rates.
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A traditional brick - and - mortar bank will charge more to accommodate the cost of tellers and other expenses, whereas an online bank lacks tellers and branches, thus eliminating the need for extra money and lowering the fixed interest rate of your loan.
Since these loans are guaranteed, the interest rate charged for them is extremely low and thus, the consequent monthly payments are also low.
What is more, with greater affordability, the perceived risk is less, thus lowering the interest rate charged.
The first and foremost reason why companies and government prefer issuing bonds over bank loans is that, even though an annual interest is paid to the bond investor, it is almost at all times lower than the interest rates charged by banks on loans, thus saving the government or the company some money.
Thus, the lender might be willing to charge the buyer a lower interest rate, which could result in lower lease payments to the seller.