Opportunity cost is another crucial factor to consider when deciding between paying down your mortgage and investing. While ...

Dear Quentin, I recently lost both my parents and inherited $240,000. Due to life choices (divorce) and living paycheck to ...

Confused about borrowing options? Compare a 401(k) loan vs. personal loan to find out which is better for your finances.

Personal loans are generally expensive (interest 11–16% or more). Most banks cap loan eligibility at 70–75 years at the end of tenure.

The interest rates for the Ordinary Account and for HDB housing loans remain unchanged at 2.5 per cent and 2.6 per cent, respectively. CPF members below 55 years old will continue to earn an extra ...

Interest rates on 401 (k) loans are usually lower than other forms of credit. Interest typically equals the prime rate plus one or two percentage points and can be in the single digits.

The interest rate you pay on a 401 (k) loan can change over time. According to Debt.org, the interest rate you would pay on a 401 (k) loan is usually a point or two above the lending rate used by ...

If you have a $10,000 balance on a credit card with a 23% interest rate, you are much better served trying to pay this money down before borrowing from your 401 (k).

The concessionary interest rate for HDB housing loans, which is pegged at 0.1 per cent above the OA interest rate, will remain unchanged at 2.6 per cent during the same period.

If the Fed continues to cut rates through 2025, they could decline to 2019 levels, when interest rates for new-car loans averaged 7.5% to 8% and used-car loan rates averaged 10% to 10.5%.

The average rate on new car loans was 7 percent in October, according to Edmunds, a car shopping website, down from 7.6 percent in the same month in 2023 and up from 6.3 percent in 2022.

Get a 0.25% interest point rate deduction by setting up automatic student loan payments through your servicer. If you have private loans, ask your lender about autopay benefits.