The interest rates that are marketed online, tv or radio tend to be more about marketing and having you take action than being the actual rate you end up receiving.
There are many of parameters that impact your interest rate which is a big reason you will notice a difference.
When reviewing what we like to call a Marketed Interest Rate, you are going to want to pay attention to the small print that will let you know the details associated with that interest rate.
For example, the Marketed Interest Rate will be for a certain loan amount with a pre-determined down payment and a specific credit score along various lenders costs (typically disclosed as a percentage of your loan amount) associated with the Marketed Interest Rate. As they say, the devil is in the details, so you better pay attention.
With us at Blink Lending and Investments you’ll receive at least 3 different initial loan options and if you’d like to explore more from there, simply let us know and you got it!