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In fact, interest rates are the amount of money that a borrower has to pay back along with the main loan he or she borrows. As its name indicates, it refers to a proportion that one should pay after getting a loan which you will pay via divided installments monthly amounts, an amount that exceed the real value of the loan. Interest rates are requested by the different lenders, banks, and financial institutions as an extra percentage over the original loan sum. For instance, getting a home loan requires you to pay back an interest rate since your last monthly payment will reach an end only after fifteen to twenty years, and the interest rate main objective is providing an amount to substitute the annual price rising. The interest rates then are the main parameter that insure the competition between the different financial companies and banks.