Creditworthiness: A measure of an individual's ability to repay a loan based on factors such as credit history, income stability, and existing debt obligations.
Interest rates: The cost of borrowing money expressed as a percentage over a given period. Different lending institutions may offer different interest rates based on various factors.
Collateral: An asset pledged by a borrower to secure a loan. If the borrower fails to repay the loan, the lending institution can seize and sell the collateral to recover their funds.