The Benefits of Low-Interest Online Loans One of probably the most important advantages of low-interest online loans is the potential for cost savings. According to recent studies, the typical rate of interest for private loans can range significantly, however these supplied on-line have the potential to average round 6% to 10%, significantly decrease than bank card rates, which can exceed 20%. Furthermore, on-line lenders typically have decrease overhead costs compared to traditional banks, which can translate into higher rates for consumers. Another profit contains the flexibility in mortgage terms