 TITLE: What Is a Short-Term Personal Loan? CONTENT: What Are Short-Term Personal Loan Interest Rates?\n-------------------------------------------------\nWhile a short-term personal loan may seem like a real lifesaver at first, it can be an expensive way to borrow money. Compared with traditional loans, many short-term personal loans come with much higher interest rates.\nInterest rates will depend on the lender, the type of short-term loan you take out, and your financial history. While rates vary widely, payday loans may charge up to 400% APR, and that doesn't even include all the possible fees you could pay.\nRates vary by loan type and by lender, so it's important to do your research, compare offers, and find the best interest rate you can qualify for rather than just accepting the first loan offer you get. END