{"id":3524,"date":"2003-03-31T01:43:56","date_gmt":"2003-03-31T01:43:56","guid":{"rendered":"http:\/\/dr1.com\/new\/pages\/the-high-cost-of-loans-in-dr\/"},"modified":"2003-03-31T01:43:56","modified_gmt":"2003-03-31T01:43:56","slug":"the-high-cost-of-loans-in-dr","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2003\/03\/31\/the-high-cost-of-loans-in-dr\/","title":{"rendered":"The high cost of loans in DR"},"content":{"rendered":"<p>Diario Libre reports that lending rates for personal loans have zoomed in recent months, with short-term personal loan rates of 36% considered normal. Interest rates in the Dominican Republic fluctuate, so people who could have contracted loans last year at 20% now need to pay much higher rates. Some consumer loans are at 40%, and mortgage loans, outside of the loans and savings associations, are now at 32%. The newspaper attributes the greater interest rates to the governmental measures to restrain money in circulation to control the rising cost of the dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diario Libre reports that lending rates for personal loans have zoomed in recent months, with short-term personal loan rates of 36% considered normal. Interest rates in the Dominican Republic fluctuate, so people who could have contracted loans last year at 20% now need to pay much higher rates. Some consumer loans are at 40%, and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2003\/03\/31\/the-high-cost-of-loans-in-dr\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[20,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/3524"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=3524"}],"version-history":[{"count":0,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/3524\/revisions"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=3524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=3524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=3524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}