Hacker Read

refurb · 2019-09-29 15:15:10+00:00

I believe they do, but it’s a pretty modest interest rate.

worker767424 | karma 1138 | avg karma 2.47 · | 2021-09-14 15:41:28

Sure, but interest rates are crazy-low.

austenallred | karma 22490 | avg karma 7.52 · | 2017-11-17 02:25:43

Of course, but they effectively get three years at zero interest to make good on that.

ac2u | karma 919 | avg karma 2.07 · | 2023-11-26 17:14:14

It depends on the interest rate.

eru | karma 30335 | avg karma 1.29 · | 2013-05-03 10:54:26+00:00

Depends on interest rates.

alexnewman | karma 237 | avg karma 0.22 · | 2023-11-16 20:29:32

Alas only at 0% interest rates. When you factor in 5% rates they are below again

chiaro | karma 894 | avg karma 3.2 · | 2018-06-26 00:40:24+00:00

they don't

HideousKojima | karma 5138 | avg karma 2.8 · | 2021-03-20 20:15:09+00:00

Yes, usually with much higher interest rates and much lower borrow limits, like credit cards.

shoover | karma 610 | avg karma 1.62 · | 2016-11-10 00:36:59

Yes, or at least as insurance in case interest do go lower.

sukilot | karma 2382 | avg karma 1.24 · | 2015-02-05 20:35:19

Not if the interest rate is low.

dbetteridge | karma 936 | avg karma 2.5 · | 2022-07-02 10:22:11

Nor does Australia, 5 years max usually and the interest rates are fairly punitive.

awa | karma 1882 | avg karma 3.13 · | 2022-11-09 11:59:07

However, they would have a loan between 3-4% which seems to 1-2% lower than current rates.

tehlike | karma 4415 | avg karma 1.89 · | 2020-02-22 01:27:14

Is it 1% interest rate over there?

throwaway5959 | karma 2278 | avg karma 1.92 · | 2023-01-01 02:17:53

Not if prices fell. And they’d save a small fortune in interest over the life of the loan.

Whatarethese | karma 277 | avg karma 1.92 · | 2019-12-11 14:54:29+00:00

That still accrue interest at crazy high rates.

Mistletoe | karma 12636 | avg karma 10.9 · | 2023-04-01 19:32:45

It remains to be seen if this is true when interest rates aren’t at nearly 0%.

sansnomme | karma 1146 | avg karma 1.78 · | 2019-12-31 18:15:32+00:00

Do users still get the usual interest rates?

29athrowaway | karma 2447 | avg karma 0.53 · | 2023-03-18 20:43:26

Is there an interest rate involved?

macawfish | karma 4431 | avg karma 2.74 · | 2020-03-13 17:44:38+00:00

Sure, but it's basically free money for them because they'll turn around and loan it to the rest of us with higher interest rates.

pnutjam | karma 1759 | avg karma 1.07 · | 2019-08-25 23:42:20+00:00

Yeah, I'm pretty sure there is a reason they pay higher interest, more risk.