The interest rate charged on secured short-term loans is always equal to the rate on unsecured short-term loans.

Name: The interest rate charged on secured short-term loans is always equal to the rate on unsecured short-term loans.
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The interest rate charged on secured short-term loans is usually lower than the rate on unsecured short-term loans, because the borrower has collateral that the lender can seize if the loan is not repaid.

The Interest Rate Charged on Secured Short-Term Loans Is Always