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.

Why is it called a fixed rate loan?

called fixed loan rate
0
Posted

Why is it called a fixed rate loan?

0

A. The interest rate is fixed for a set period of your loan. Even if interest rates change, your repayments will stay the same during the fixed rate period of your loan.

Related Questions

What is your question?

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

Experts123