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APR on a loan may be adjusted based on a borrower’s
offered collateral.
credit history.
loan fees.
scheduled repayments.
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GPT-5 mini
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credit history
Lenders set APRs primarily according to the borrower’s creditworthiness (credit score/history). Collateral can affect whether a loan is secured, and fees are included in APR calculations, but the borrower’s credit history is the main factor that adjusts the APR offered.
Lenders set APRs primarily according to the borrower’s creditworthiness (credit score/history). Collateral can affect whether a loan is secured, and fees are included in APR calculations, but the borrower’s credit history is the main factor that adjusts the APR offered.
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