tipo de interés
interest rate
The term 'tipo de interés' in Spanish usually refers to 'interest rate' in English. The interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. It is typically noted on an annual basis, known as the annual percentage rate (APR). Interest rates play a significant role in financial markets and the economy and are important for borrowers (who want low rates) and lenders (who want high rates).
Example sentences using: tipo de interés
El tipo de interés que ofrece este banco es muy competitivo.
The interest rate that this bank offers is very competitive.
This sentence is a way to express that a bank provides a good or attractive interest rate, perhaps better than other financial institutions in the market.
Necesito encontrar un préstamo con un tipo de interés bajo.
I need to find a loan with a low-interest rate.
In this instance, the speaker is searching for a financial loan that comes with a low-interest rate. Such dialogue occurs in financial settings.
Si el tipo de interés sube, pagaremos más por nuestra hipoteca.
If the interest rate goes up, we will pay more for our mortgage.
This sentence implies that an increase in the interest rate can result in higher mortgage payments. It's a common discussion topic amongst those with mortgages or in financial planning.