Interest rates are expressed as a percentage of the loan, the length of time before a loan must be repaid is called loan term, high risk loan typically have a high interest rate.
Simply put, a loan is a debt, it can also be defined as a certain amount of money an individual collect with the intention of repayment at an agreed date.
A loan repayment come with an interest rate.
Learn more about loan here:
https://brainly.com/question/26011426