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.

Whats the Interest Rate?

April 26, 2017Interest rate

0

Posted

Whats the Interest Rate?

3 Answers

0

10 Posted

• For all Stafford loans first disbursed on or after July 1, 2006, the interest rate is fixed at 6.8 percent. This change from a variable to a fixed interest rate does not affect a borrower’s variable interest rate on loans made before July 1, 2006. • For Stafford Loans first disbursed between July 1, 1998 and June 30, 2006, the interest rate is variable (adjusted annually on July 1st) but will not exceed 8.25 percent. (You’ll be notified any time the variable rate changes.) The interest rate for these loans in 2007-08 is 7.22 percent. (This rate applies to loans in repayment status; the rate may be lower during grace and deferment periods.) • Click here for more information on interest rates.

0

Posted

Because you’re not borrowing any money when you lease equipment, there’s no interest rate on the lease like there would be on a bank loan. You can, however compare the cost to lease with the cost of a loan.

0

Posted

The exact rate you pay will vary depending on your credit history, whether the vehicle is new or used, and the term of your loan. Also, the rate might depend on the amount financed and the region in which you live in.