Rates of interest that are tied to a Treasury Bill rate or the prime rate, and change periodically as the rates change.

Interest rates fluctuating up or down according to current cost of money.

Interest that can fluctuate. Most variable-interest loans have an annual or maximum cap, which prevents interest rates from exceeding a specified amount within a specified period of time.

interest rates that change periodically (e.g. quarterly, annually etc.). The interest rates for federal Stafford and PLUS Loans are set by the government each year and change annually on the first of July.

The rate of interest that changes during the life of a loan on a regular basis and is generally tied to an index. Some student and parent loan programs have variable interest rates that change annually based on the one-year Treasury Bill rate.

Another name for adjustable rate. See adjustable rate mortgage.

Rate of interest that is tied to a certain index and changes periodically based on changes in the index. Back to the top of the page

With a variable interest loan, the interest rate changes periodically. For example, the interest rate might be pegged to the cost of US Treasury plus additional percentage rate and be updated monthly, quarterly, semi-annually, or annually.

Rates of interest that are tied to a certain index and that change periodically as the index changes.

A type of interest where the rate may go up and/or down during the term of the loan.

Rates of interest that change periodically during the life of the loan.