Nathan asked in Business & FinanceCredit · 10 years ago

Would you expect a private consumer loan to have a higher or lower interest rate?

Would you expect a private consumer loan to have a higher or lower interest rate than a home mortgage? (In your answer be sure to use one of the core principles of money and banking)

A. Mortgage rates are always higher

B. Interest rates are roughly equivalent

C. Private loans rates are generally higher

D. none of the above

5 Answers

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  • ?
    Lv 7
    10 years ago
    Best Answer

    C. Consumer loan is unsecured and risk factor is greater so interest rate is higher

  • Anonymous
    10 years ago

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  • WJ
    Lv 5
    10 years ago

    Consumer loan rates are generally higher than a mortgage loan.

    Source(s): work at a bank
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    10 years ago

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  • 10 years ago

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