What is another word for lending rates?
Pronunciation: [lˈɛndɪŋ ɹˈe͡ɪts] (IPA) 
Lending rates refer to the interest rate charged by financial institutions on loans extended to borrowers. Synonyms for lending rates include interest rates, borrowing costs, loan charges, finance fees, credit costs, loan rates, and APR (Annual Percentage Rate). The lending rate is an essential component in the borrowing process, as it determines the amount of interest a borrower must pay to the lender for borrowing funds. Therefore, it is critical to check the lending rates of different institutions before settling on a lending partner. As a borrower, understanding the synonyms for lending rates will help you in comparing loan offers and selecting the most affordable lending option.
