financerate
nounUK /ˈfaɪnæns reɪt/
US /ˈfaɪnæns reɪt/
The price you pay to borrow money.
The bank offered a lower finance rate on the new car loan.
OTHER MEANINGS
2. The percentage a lender charges for using its money.
Her credit card has a high finance rate.
3. The cost of borrowing expressed as a yearly percentage.
Compare the finance rate before signing the contract.
4. A special low rate offered to help people buy something.
The store advertised a zero-percent finance rate on furniture.