Variable vs Fixed Interest

See Current Rates

  

  

Contact us to find your lowest rates

INTEREST RATE:

Basically, interest is the price paid for borrowing money, or the cost charged for lending money. Interest is most often shown as an annual percentage of the amount of the loan. This percentage is known as the INTEREST RATE.

APPLY NOW

 

FIXED INTEREST RATE:

A fixed interest rate is unchanging over the term of the loan.

APPLY NOW

 

VARIABLE INTEREST RATE:

A variable interest rate fluctuates over the term of the loan based on the Prime Rate.

APPLY NOW