Most consumer loans are made at fixed rates of interest.

Name: Most consumer loans are made at fixed rates of interest.
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Most consumer loans, such as auto loans, personal loans, and mortgages, typically have fixed rates of interest, which means the rate remains the same throughout the life of the loan. However, there are some consumer loans that do have variable interest rates, such as credit cards and some student loans.

Most Consumer Loans Are Made at Fixed Rates of Interest