As of October 26, the average three-year personal loan rate is 13.30% APR, according to loan marketplace data from Buy Side ...

Easy-to-get business loans have looser qualification requirements and are faster to fund than traditional bank loans. The catch? They often come with higher interest rates and shorter repayment terms.

Each of these borrowing tools has its place-and its traps. Here's what really works in your favour and what doesn't.

Paying off a personal loan early can save you money on interest. Even small additional payments can help shorten your loan term and cut interest costs. Some lenders charge a fee when you pay off your ...