Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are interest rates linked to the prime/base lending rate?

0
Posted

Are interest rates linked to the prime/base lending rate?

0

Interest charged on finance amounts is variable but not directly linked to movements in the local prime/base lending rate. Clients with lower risk profiles will be offered interest rates closer to the prime/base rate than those clients with a high risk profile.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.