Loans

Variable Rate

An interest rate that can change over time based on market conditions or an index. ARMs, HELOCs, and some credit cards have variable rates that can increase or decrease payments.

Related Terms

Prime Rate

Related Calculators

Mortgage Calculator
Credit Card Payoff Calculator

Understanding Variable Rate

Variable Rate is a key concept in loans. Understanding this term helps you make more informed financial decisions. Use our related calculators above to see how variable rate affects your specific situation.