Rates of interest vary depending on the loan.
When you apply online for a loan you will often see a rate of interest advertised on the application page of the website. This is either intended to indicate the rates on offer by the loan company or it is a legal requirement for the company to show this. It all depends on what else the advertisment is saying. In all cases it is important to remember that these rates will often not be the rate you will be offered if you qualify for a loan. Each case is different and the rates will vary. For compaies advertising with very low rates of interest, it is common for their application rejection rate to be very high. Other companies will show a range on interest rates to indicate their lowest and their highest rates. When this range has a wide spread it can be an indication that the company in question is able to accept many of it's customer's applications.