asked 185k views
3 votes
If a loan is risky and extends for more than a year what will a lender ask for

1 Answer

1 vote

Answer:

A higher interest rate for sure.

Step-by-step explanation:

They will charge you more for the money you are borrowing (loan). So you may pay 25% over the, for example, $1000 you're borrowing.

answered
User Khanh Le Tran
by
8.2k points
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