Defined term
Solar loan interest rate
CFPB defines a loan interest rate as a percentage charged for borrowing money.
economics · Concept code GS-CONCEPT-143 · Last verified August 28, 2026
Evidence through 2025-01-23 · 0 sources have no source-event date
Content modified 2026-08-28
Definition and decision context
Definition
CFPB defines a loan interest rate as a percentage charged for borrowing money.
Verified August 28, 2026
Why it matters
CFPB distinguishes a loan interest rate from APR because APR can include interest and other borrowing costs.
Verified August 28, 2026
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Learning navigation
Primary topic: Finance
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Primary sources
- Consumer Financial Protection Bureau: CFPB Financial terms glossary — Principal, Prepayment, Prepayment penalty, Secured loans, and Collateral
Revision CFPB glossary modified January 23, 2025 · Source event as of January 23, 2025 · Ontology accessed August 28, 2026 · Ontology verified August 28, 2026
- Consumer Financial Protection Bureau: CFPB Ask CFPB — What is the difference between a loan interest rate and the APR?
Revision CFPB Ask CFPB updated January 30, 2024 · Source event as of January 30, 2024 · Ontology accessed August 28, 2026 · Ontology verified August 28, 2026