Browsing: interest-rates

Financial tips Local_Loans_Myths_about_interest_rates
5 Myths about interest rates

There are myths about interest rates that need to be demystified.  Higher rates lead to higher inflation – while the interest rate is the cost of money, it doesn’t mean that it has a…

Financial tips Local_Loans_Why_is_there_an_interest_rate
Why is there an interest rate?

Interest enables a lender to profit on what they are providing to a borrower. Essentially, it’s the cost of debt.  The percentage charged is dependent on an individual’s risk level. The lower the risk, the higher…