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How is the interest rate determined for an Edamerica Private Combination Loan?

April 26, 2017combination Edamerica Interest rate loan private

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How is the interest rate determined for an Edamerica Private Combination Loan?

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The interest rate for an Edamerica Private Combination Loan is the Prime Rate, adjusted as and when it changes (5.25% as of Apr 2008), plus a margin depending on your credit history. The margin will initially be between 0% and 4.00% but may be adjusted based upon changes in the Margin Adjustment Index.