variable interest rate
The Spanish term 'tipo de interés variable' translates to 'variable interest rate' in English. It is a financial term often used in banking and for loans or mortgages. It refers to an interest rate that may change over time according to changes in benchmark interest rates, rather than remaining fixed.
The bank proposes a loan with a variable interest rate.
This sentence uses the term 'tipo de interés variable' to express the concept of a fluctuating interest rate on a loan proposed by a bank.
Financial experts suggest avoiding variable interest rates on mortgage loans.
This sentence uses the term 'tipo de interés variable' to indicate a potentially volatile interest rate scenario that financial experts advice to avoid in the context of mortgage loans.
Many people do not know that the variable interest rate can increase or decrease over the life of the loan.
This sentence uses the term 'tipo de interés variable' to convey the dynamic nature of a variable interest rate that can either increase or decrease during the loan tenure, which many people might be unaware of.