Question

What is the advantage of a variable-interest loan?

Answer 1

Answer:

Advantages And Disadvantages of Variable Rate

A variable rate loan can result in a lower payment in the short-term but carries a risk that the rate could rise during the long-term and produce significantly higher payments.

pleaseeeeeeeeee mark brainlist

Answer 2

The obvious advantage of a variable interest rate is that if the underlying interest rate or index declines, the borrower's interest payments also fall. Conversely, if the underlying index rises, interest payments increase. Unlike variable interest rates, fixed interest rates do not fluctuate over its term.

PLEASE MARK ME AS BRAINLIEST