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Interest rate is the charge to borrow money. It is generally expressed as a percentage of the principal amount borrowed. Interest rates are debt to borrowers and returns or earnings to lenders.
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Confused about the difference between a loan and a line of credit? We’re here to help. A loan provides a lump sum of money with fixed payments, while a line of credit lets you borrow as needed and pay interest only on what you use. To learn more about the difference and how it works, visit https://bit.ly/40Lf6iv. | KeyBank
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Confused about the difference between a loan and a line of credit? We’re here to help. A loan provides a lump sum of money with fixed payments, while a line of credit lets you borrow as needed and pay interest only on what you use. To learn more about the difference and how it works, visit https://bit.ly/40Lf6iv. | KeyBank
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