Understanding Personal Loans with Low APR Rates

A financial advisor presenting loan options

Intro

Navigating the world of personal loans can be a daunting task, especially when it comes to understanding the different rates and terms. For many individuals, finding personal loans with a low Annual Percentage Rate (APR) is a top priority. This article will be your trusted guide, shedding light on the intricacies of these loans and helping you make informed decisions. Whether you’re a young professional just starting your career, a student managing educational expenses, or a small business owner looking for capital, this content is tailored to meet your needs.

In this journey, we will explore important financial concepts, practical tips, and the various implications that come with low APR loans. It’s imperative to walk this path with a clear understanding, enabling you to strike the best deals. Let’s begin by demystifying some financial jargon that will make navigating this space easier.

Understanding Financial Concepts

In the realm of personal finance, having a solid grip on key terms can have a significant impact on your borrowing journey.

Definition of Key Terms

APR (Annual Percentage Rate): This is the yearly interest rate that will be applied to your loan. A lower APR signifies lower interest costs over time, making it an attractive option for borrowers.
Principal: This term refers to the amount of money that you borrow and agree to pay back. Understanding your principal amount can help you assess how much interest you will owe.
Credit Score: A numerical representation of your creditworthiness, which lenders use to determine the risk involved in lending you money. A stronger credit score typically opens the door to loans with better terms.

Importance of Financial Literacy

Being financially literate means you can make decisions that will benefit you long-term. Knowledge equips you to negotiate effectively, interpret loan agreements correctly, and avoid the pitfalls of hidden fees or unfavorable terms.

It’s crucial to familiarize yourself with the language of finance. As they say, “Knowledge is power,” and understanding these terms can empower you to leverage low APR loans to your advantage.

Practical Tips and Strategies

Obtaining a personal loan with a low APR is not just about understanding the terms; it’s also about employing effective strategies that can put you in a prime position. Here are some practical approaches to consider:

Evaluate Your Budget: Assess your financial condition to see how much you can afford to borrow.
Improve Your Credit Score: Before applying for a loan, make efforts to boost your score, whether that means paying down existing debts or ensuring all bills are paid on time.
Research Loan Options: Don’t settle for the first offer. Compare rates from different lenders, read the fine print, and understand the total cost of borrowing.

Techniques for Managing Your Loan

Set up automatic payments to avoid late fees.
Keep track of your repayment schedule to ensure you are never caught off-guard.
Consider refinancing down the line if rates drop significantly.

"The best time to plant a tree was twenty years ago. The second best time is now."

Apply this wisdom to your financial decisions—don't wait for that ideal loan to come to you; take proactive steps today to secure favorable terms.

End

Understanding personal loans with low APR rates can set you on a path to financial stability and growth. By getting a handle on essential concepts and employing sound financial strategies, you enhance your ability to navigate the lending landscape effectively. It is in your best interest to do a bit of homework and shop around, ensuring that you can identify the best opportunities tailored to your unique situation.

For further reading, you can explore resources from Investopedia and NerdWallet for a deeper dive into finance topics.

Preamble to Personal Loans

In today’s financial environment, understanding personal loans is crucial for anyone looking to manage their financial commitments or fund significant purchases. This section offers an overview of what personal loans are, their purpose, and various types that exist, setting the stage for an in-depth exploration of low APR options.

Definition and Purpose of Personal Loans

Personal loans are a type of unsecured credit that individuals can use for various expenses. These funds are typically borrowed at a predetermined interest rate and are repaid over a set period, usually in monthly installments. The purposes of personal loans can vary widely, ranging from consolidating debt to financing a major purchase, such as home renovations or medical expenses.

Essentially, personal loans provide borrowers with flexibility and quick access to cash. Because they are unsecured, lenders often assess the borrower's creditworthiness using their credit score and history. Understanding the purpose of personal loans is vital as it allows individuals to evaluate whether they align with their financial goals and needs.

Types of Personal Loans

When it comes to personal loans, they can be categorized into distinct types, each serving specific financial situations. Here’s a breakdown of major categories:

Secured Personal Loans: These loans require collateral, usually an asset like a car or savings account, which can be seized by the lender if the borrower defaults. This characteristic often allows borrowers to secure lower interest rates. It’s a popular choice for those looking to reduce borrowing costs, even though it entails the risk of losing the asset if the loan is not repaid on time.
Unsecured Personal Loans: Without the need to put up collateral, unsecured loans are based purely on the borrower's creditworthiness. This feature makes them relatively straightforward, but they typically come with higher interest rates compared to secured loans. Borrowers favor these loans due to their ease of access, although they should be cautious about the often stricter eligibility criteria imposed by lenders.
Debt Consolidation Loans: This type of loan is specifically designed to help individuals combine multiple debts into a single loan, ideally at a lower interest rate. Such loans are beneficial because they simplify finances into one monthly payment, thus reducing the risk of missed payments. However, it’s essential for borrowers to evaluate whether the consolidation truly leads to savings, factoring in potential fees and the total cost of the loan.

Understanding APR in Personal Loans

Understanding the Annual Percentage Rate (APR) in personal loans is crucial for anyone navigating the world of borrowing. Many borrowers often just glance at the headline number but miss the important nuances associated with it. APR is more than just a figure; it encapsulates the total cost of borrowing over a year, which includes not only the interest rate but also any fees and charges that might apply. Therefore, grasping what APR is and its implications can lead to more informed decisions when selecting a personal loan, ultimately protecting your wallet from unexpected surprises.

What is APR?

Put simply, APR — or Annual Percentage Rate — represents the yearly interest you pay on borrowed funds, expressed as a percentage. But there's a bit more to it than just that. Think of APR as the boss of loan pricing. It incorporates the interest charged and any fees related to borrowing. This means that when you see an APR, it gives you a more holistic view of the cost of the loan over a year, rather than just the interest rate which might only tell part of the story.

When lenders present an APR, they're aiming to provide you with a clearer picture of your financial commitment. For instance, if you borrow $10,000 at a 6% interest rate but tack on $500 in fees, your effective cost to borrow is higher, thus a better APR would reflect that reality. For someone considering borrowing, understanding APR can feel like having a lens into the true expenses that come with securing a loan.

How APR Affects Loan Costs

The impact of APR on the overall cost of a loan can be more significant than one might initially comprehend. Here’s why it matters:

Total Cost: A lower APR generally means you'll pay less in interest and fees through the course of the loan. For instance, a personal loan with a 5% APR will cost you less than one with a 10% APR under the same conditions. A simple example — if you borrow $5,000 at a 5% APR over 5 years, you could end up paying around $540 in interest completely, while the same amount at 10% for the same period can cost you over $1200 just in interest.
Monthly Payments: Higher APRs can push monthly payments into the stratosphere. If you're already stretching your budget, a loan with a high APR can make it difficult to stay afloat financially.

"A penny saved is a penny earned" – understanding APR can help keep those pennies where they belong, in your pocket.

Loan Terms: Often, lower APRs can come with better loan terms, including flexible repayment plans. So not only does the payment decrease, but you’re also given options that can fit within your lifestyle.

Understanding the nuances of APR is vital for anyone considering personal loans. Not being aware of the total cost can lead to decisions that burden one's finances for years. Therefore, a firm grasp on APR can convert a potentially overwhelming experience into an informed and confident decision-making process.

The Significance of Low APR Rates

Understanding the implications of low APR rates is crucial when it comes to personal loans. Low APR, or Annual Percentage Rate, translates directly into lower borrowing costs. This significance cannot be overstated, particularly for young professionals, students, and small business owners who often find themselves managing tight budgets. When financial institutions offer loans with low APR, it essentially means that the cost of borrowing is more manageable, leading to potential financial stability over time.

Low APR rates can substantially influence how a borrower plans their repayment strategy. If someone opts for a loan with a 10% APR instead of a 20% APR, they're staring at a significant difference in how much they pay in interest over the loan's life. In many cases, that additional money could instead be invested, saved, or used for other needs, thus reinforcing the importance of seeking out lower rates.

Most importantly, the significance of securing a low APR signifies more than just savings. It impacts your credit profile and future borrowing ability. Each responsible payment made on a lower-rate loan can boost your credit score, making you a more appealing candidate for even better loans down the line.

Cost Savings Over Time

When considering a personal loan, the savings accrued from a lower APR can have a lasting impact, easing your financial burden. For example, a borrower taking out a $10,000 personal loan over five years at 10% APR would end up paying roughly $2,000 in interest. In contrast, with a 15% APR, those costs would climb to about $3,500. The stark juxtaposition illustrates how significant costs can escalate with higher rates.

The benefits of lower rates don't stop at the immediate financial effects. Over the years, those cumulative savings can funnel into avenues that enrich a borrower's quality of life. Consider this:

Interest Saved: Less interest means more money in the pocket.
Potential for Investment: With the extra cash, one may explore investment opportunities that yield returns.
Financial Flexibility: Easier to manage budget with lower monthly payments.

In simple terms, lower APR can mean a better chance to allocate funds towards savings or other investments, reinforcing a cycle of financial growth.

Improved Affordability for Borrowers

Affordability is paramount when thinking about loans, especially for those starting their careers or managing businesses on a budget. Personal loans with low APR allow borrowers to maintain their cash flow and make repayment less burdensome.

For students or young professionals, a low APR can be the difference between financial strain and stability. When repayments are lower due to reduced interest, these individuals gain the breathing room needed to invest in their careers or education. Moreover, small business owners can benefit tremendously, as lower loan costs can support business growth without breaking the bank.

Here’s how low-interest loans work to improve overall affordability:

Lower Monthly Payments: This makes keeping up with repayments feasible even during financial hiccups.
Reduced Financial Stress: Less worry about failing to make payments or accruing excess interest.
Encourages Responsible Borrowing: When payments are affordable, borrowers are less likely to overextend themselves, fostering a healthier financial habit.

By investing time in finding a personal loan with a low APR, borrowers can strategically improve their financial health, affording themselves opportunities for growth while keeping their finances squarely in check.

Qualifying for Low APR Personal Loans

Qualifying for low APR personal loans is essential for borrowers aiming to keep their repayment costs manageable. These loans can be a valuable financial tool, especially for students, young professionals, or small business owners. The process of obtaining such loans often requires an understanding of various factors that affect loan rates, and it’s crucial to be well-informed to improve the chances of approval and favorable terms.

Factors Influencing Loan Rates

When it comes to loans, several key elements play a significant role in determining the interest rates offered by lenders. Understanding these components can be the difference between securing a low APR loan or facing significantly higher costs.

Credit Score

A person's credit score is often viewed as a primary indicator of their creditworthiness. This three-digit number reflects how reliably someone pays back borrowed money. A high credit score—typically 700 or above—demonstrates a responsible borrowing history, making lenders more inclined to offer loans at favorable rates.

The characteristic that stands out for a good credit score is consistency. Borrowers with a history of on-time payments and low credit utilization often enjoy better terms. However, it's vital to remember that a poor score can lead to higher interest rates or even rejection of the loan application. Some lenders might offer loans to individuals with lower scores, but those often come with less favorable conditions.

Income Level

Another determining factor in securing low APR personal loans is the borrower's income level. Lenders want to ensure that the applicant has a stable income source which can cover the loan payments. Your income level does not solely reflect how much you earn but provides insight into your financial stability.

High earners generally qualify for better loan rates as they pose a lower risk to lenders. It's also relevant to mention that your income must be consistent; unstable or fluctuating earnings can raise red flags. Conversely, a borrower with a modest income but strong credit can still obtain decent terms—lenders often look at the overall financial picture rather than income alone.

Debt-to-Income Ratio

The debt-to-income (DTI) ratio is a critical measure of a borrower's financial health. This ratio compares an individual's total monthly debt payments to their gross monthly income. Generally, a lower DTI ratio indicates that the borrower is not heavily burdened by debt and can manage new loan payments without straining their finances.

For instance, a DTI ratio of 36% or lower is often seen as ideal by lenders. It shows that a borrower has enough flexibility in their budget for additional payments. High DTI ratios can make lenders hesitant as it suggests that the borrower may struggle to make commitments on additional loans. Thus, managing and understanding your DTI can play a vital role in improving the chances of getting a low APR.

The Importance of a Strong Credit Profile

Having a strong credit profile cannot be overstated when looking for low APR personal loans. This includes not only a high credit score but also a clean record devoid of delinquencies or defaults. Lenders favor applicants who show financial responsibility because it indicates that they are less likely to default on the loan. Good credit profiles often result in competitive interest rates, thereby making borrowing more affordable in the long run.

A thoughtful individual analyzing loan terms

Ultimately, a combination of a good credit score, an adequate income level, and a manageable debt-to-income ratio forms the backbone of a strong application for low APR loans. By focusing on the elements mentioned above, borrowers can position themselves favorably and pave the way toward achieving their financial goals.

Finding Low APR Personal Loan Options

Finding a personal loan with low APR rates can be a crucial endeavor for many individuals. It signifies not just getting access to funds but doing so in a way that is financially smart over time. Low APR loans can substantially reduce the cost of borrowing, making it easier for borrowers to manage their repayments. In a world where interest rates can fluctuate and unseen fees lurk around every corner, the importance of finding the right lending option cannot be overstated.

Researching Lenders

Bank Offerings

When considering personal loans, one of the first stops often involves traditional banks. Banks typically offer standard loan amounts with clear terms and reliable customer service, making them a solid option for borrowers. The main characteristic of bank offerings is their structured nature. You can expect a well-defined application process and transparent communication, which can be comforting for those new to borrowing.

A unique feature of most bank loans is the competitive nature of their interest rates, especially for applicants with good credit ratings. While these rates can be attractive, it's essential to note that many banks impose stringent qualification criteria. So, if your credit score isn't on the higher end, securing a favorable rate might be more of a challenge.

Online Lenders

In recent years, online lenders have entered the lending landscape and shaken things up a bit. They offer a more rapid process and typically have a more flexible approach to lending. The key characteristic of online lenders is convenience. You can apply from the comfort of your home, often receiving approval within hours, which suits the fast-paced lives of young professionals and students.

One unique feature of online lenders is the ability to access a wide range of user reviews and ratings. This transparency is valuable in making an informed choice. However, there are potential downsides, such as slightly higher interest rates compared to banks. Borrowers should be cautious of predatory lenders that sometimes lurk in the online space, making thorough research essential.

Credit Unions

Credit unions are community-focused financial institutions that often offer lower fees and better rates compared to traditional banks. Their member-centric approach makes them a great option for individuals looking to save money. One primary characteristic of credit unions is that they often provide personalized service and might be more lenient in their loan qualifications.

A unique advantage of borrowing from credit unions is the concept of shared membership. Many times, these institutions are willing to work with borrowers on a one-to-one basis, giving you a sense of trust and camaraderie. However, credit unions can be limited to local residents or those who fit certain criteria, which could restrict options for some borrowers.

Comparing Loan Terms and Conditions

Once you’ve identified potential lenders, the next step is comparing loan terms and conditions. Key factors to consider include:

Loan Amount: Ensure the lender offers the amount you need.
Repayment Period: Look for terms that fit your budget without stretching your finances. A longer repayment period might mean lower monthly payments but could lead to higher total interest paid over time.
Fees: Check if there are any additional fees associated, like origination fees or prepayment penalties.
Flexibility: Some lenders allow changes to the payment schedule or offer deferment options under certain conditions.

By carefully weighing these elements, it becomes easier to find a low APR personal loan option that not only suits your immediate financial needs but also positions you for success down the line.

The Application Process for Personal Loans

Navigating the application process for personal loans can feel like walking through a maze at times. Understanding how to effectively gather the necessary documentation and what to expect during application submission is crucial. This section will guide you through the essential steps, ensuring that you are well-prepared to secure a loan with favorable terms, particularly those with low APR rates.

Gathering Necessary Documentation

Before you even think about hitting that submit button on your loan application, you’ll need to collect some important documents. Lenders want to ensure that they make prudent decisions, which means they will want to see proof of your financial situation. Here are the key components you'll need:

Proof of Income

One of the cornerstones of your loan application is proof of income. This can come in many forms, such as pay stubs, tax returns, or bank statements. What makes this aspect so vital is that it paints a clear picture of your financial stability. Lenders want to know if you can afford to pay back the loan.

In particular, bank statements clearly show your income stream and expenses, offering a comprehensive overview of your financial habits. If you're self-employed, tax returns are particularly useful as they provide a longer view of your income. However, one downside is that if your income is atypical or fluctuating, it might complicate approval. Still, having solid proof of income strengthens your application considerably.

Credit Reports

Now, let’s talk about credit reports. These documents play a key role in the overall application process, acting like a report card for your financial history. Not only do they show your credit score, but they also provide a detailed view of your credit accounts, payment history, and any outstanding debts. This transparency is crucial for lenders, as they gauge the risks involved in lending to you.

One benefit of reviewing your credit report before applying is that it allows you to fix any mistakes that might negatively affect your credit score. However, if your credit is less than stellar, it can become a stumbling block. Taking steps to improve your credit score before applying could make all the difference.

Identification

Lastly, you'll need to provide identification. This could be a driver’s license, passport, or another form of ID. Having a valid form of identification is not just a formality; it reassures lenders that they are dealing with a real person, which contributes to their comfort level in extending the loan.

In addition, most lenders will request ID verification to help protect against fraud. While it might seem straightforward, not presenting an acceptable form of identification can derail your application altogether.

Submitting Loan Applications

After you've gathered all necessary documentation, it’s time to submit your loan application. This process can vary depending on the lender, but it usually involves filling out an online form or visiting a lender in person. Make sure you double-check all information; mistakes can lead to delays or rejections.

Moreover, many lenders now offer pre-approval processes, allowing you to see what terms you might receive before formally applying. This can save time and help you choose the best option among various lenders.

In summary, understanding the application process is integral to securing a personal loan, particularly one that offers a low APR. Gathering the necessary documentation and being proactive about your credit health can significantly enhance your chances of approval and favorable terms.

Evaluating Loan Offers

A calculator and financial documents on a desk

When it comes to securing a personal loan, evaluating the offers in front of you is an indispensable step that can make or break your financial future. Not every loan is built the same; understanding the nuances can save borrowers a hefty sum and ensure they don’t get bogged down by unfavorable terms. You want to make sure you’re spending your hard-earned cash wisely, and part of that is paying attention to the details of what different lenders offer.

Understanding the Fine Print

Fees and Charges

The fees and charges associated with a loan can feel like the pesky ants at a summer picnic—something you have to deal with but don’t often think about until it’s too late. These costs can sneak up on you, eating into your budget and making those tempting low APR rates much less appealing. Typical fees may include:

Origination Fees: Charged by lenders for processing a new loan. Sometimes these can be bundled into your loan amount.
Late Payment Fees: If a payment doesn't make the deadline, lenders typically charge you.
Prepayment Penalties: Some lenders hit you with a fee if you pay off your loan earlier than agreed.

It’s vital to scrutinize these fees, as they can lessen the attractiveness of a low APR pot. A loan with a slight increase in the APR but no fees might save you money over a loan that boasts a low rate but has several hidden costs. Make sure to ask questions. If something doesn’t quite sit right, keep your options open. Transparency in fees often signifies a trustworthy lender.

Repayment Terms

Repayment terms dictate how long you have to pay back the loan and how the payments will be structured. This aspect can heavily influence your monthly budget and overall financial well-being. Key characteristics include:

Loan Duration: Generally, shorter loans carry higher monthly payments but lower total interest.
Monthly Payment Calculation: Understanding how monthly payments are determined can help you plan your budget. In some cases, lenders will offer flexibility, allowing you to choose a repayment plan that fits your financial reality.

These terms can either lock you into a long commitment or provide flexibility. A longer repayment period might seem more comfortable due to smaller monthly payments, but it often results in paying more interest over the life of the loan. Alternatively, a shorter term might save you money on interest but will definitely cause your monthly payments to spike, which might stretch your finances thin. Consider how each option aligns with your financial goals.

Making an Informed Decision

After parsing through the fees and understanding the repayment terms, you’re now at a crossroads. What does it all mean for your future? This is the time to reflect on your financial situation. Ask questions like:

Can I comfortably make these payments every month?
Are there unexpected fees I might face?
Is this truly the best offer despite a low APR?

A well-informed decision stems from a comprehensive analysis of what you can afford, understanding lender reputations, and comparing multiple offers. Remember, it’s easy to get swept away by the allure of a shiny low APR. However, the real value lies in the overall package lenders provide.

In the end, being thorough in evaluating loan offers is like having a good map before setting out on a journey through rocky terrain. It might take a bit of time, but you will appreciate it when you reach your destination—unscathed and with your finances intact.

Challenges Associated with Low APR Loans

Navigating the world of low APR personal loans may seem like a stroll in the park, but there are more than a few hidden rocks on the path. Understanding the challenges associated with these loans not only equips borrowers with the knowledge needed to avoid pitfalls but also enables them to make well-informed decisions that align with their financial goals. Individuals often chase after low-interest rates, thinking they will save money in the long run. However, these loans can bring unexpected complications that could offset any benefits.

Potential Pitfalls

Hidden Fees

One of the most slippery aspects of personal loans comes in the form of hidden fees. Many lenders advertise low APR rates that catch your eye, but what they often don’t discuss are the extras that tacked on later. Think of it as finding that perfect pair of shoes, but then discovering the actual price includes shipping costs, taxes, and handling fees.

These hidden fees can multiply the cost of borrowing, transforming what seemed like a reasonable loan into a financial strain. Fees can include origination fees, late payment charges, or prepayment penalties. The key characteristic of these hidden fees is their stealthy nature— they aren't always immediately noticeable but can be outlined in the fine print of loan agreements.

Understanding these costs is pivotal. Highlighting the often overlooked aspect of total loan cost vs. APR gives borrowers a more accurate picture. Borrowers need to scrutinize every document, ensuring they know exactly what they’re getting into before signing on the dotted line.

Variable Interest Rates

On the other side of the coin, variable interest rates represent another challenge that often flies under the radar. Unlike a fixed rate, where your interest cost remains stable for the loan’s duration, a variable rate can fluctuate. It mimics the weather—sunny one moment, stormy the next. The real kicker with variable rates is that they are often tied to market indices like the prime rate—meaning they can jump at a moment's notice. There is a significant risk here because although the initial rates may appear enticingly low, there's always the possibility of a rise in costs.

The unique feature of variable interest rates is the potential for lower payments when the market conditions are favorable. This makes it a potentially noteworthy choice for those looking to save money at the outset. But let’s not sugarcoat it; the uncertainty can lead to budgeting woes. An unexpected rate hike could derail your carefully crafted financial plans, impacting your ability to make timely payments.

Alternatives to Consider

When the landscape of low APR loans seems littered with potential traps, exploring alternatives becomes prudent. Here are a few options:

Credit Unions: Often not-for-profit, they may offer better terms and lower fees compared to traditional banks.
Peer-to-Peer Lending: This model connects borrowers directly with investors, often resulting in competitive rates.
Home Equity Loans: If you’re a homeowner, tapping into equity can provide lower rates, though it does put your house at risk.

By weighing these alternatives, borrowers can navigate the low APR terrain more effectively, ensuring they choose an option that matches their financial needs.

End

Wrapping things up, the topic of personal loans with low APR rates is crucial for anyone who's navigating the often murky waters of borrowing. When you dive into the nitty-gritty of these loans, it's clear they can serve as a financial lifeline. The benefits of lower interest rates are hard to overlook; they directly affect the overall amount of money you'll pay back. But there’s a flip side to every coin.

Weighing the Benefits and Risks

When considering how to approach a low APR personal loan, it’s important to weigh both the benefits and the risks. On one hand, low APR means reduced repayment costs and greater affordability. For example, imagine taking out a personal loan of $10,000 at a low interest rate of 5% instead of a higher 15% – your pocket feels much lighter if you can save thousands in interest over time.

However, it’s not all sunshine and roses. Borrowers must be vigilant about the potential hazards that come with these loans. It's essential to look out for hidden fees that can accompany attractive APR offers, which could turn that sweet deal sour. Moreover, if the loan has a variable interest rate, you might end up paying more over time, especially if interest rates begin to rise. Thus, a thorough examination of the loan's terms becomes paramount, and asking the right questions can save you a bundle long-term.

Final Recommendations for Borrowers

As you settle on the idea of securing a personal loan, there are a few recommendations worth considering:

Understand your credit score: A good credit score opens doors to better loan options. Consider checking your report and rectifying any discrepancies before applying.
Shop around: Comparison shopping isn’t just a savvy move; it’s necessary. Different lenders have different criteria and offers. Take the time to investigate all your options.
Read the fine print: We often dismiss lengthy terms and conditions, but they hold invaluable information. Pay attention to fees, repayment terms, and interest rate adjustments.

In essence, while personal loans with low APR rates can be a boon for your financial landscape, they require careful consideration and due diligence. By weighing your options, asking the right questions, and arming yourself with knowledge, you can steer clear of pitfalls and make an informed decision that best suits your financial needs. For further information on personal loans, you might consider checking resources from NerdWallet or Investopedia.

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