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How do you determine my rate?
How do you determine my rate?
Updated over a week ago

Tenet's rates are determined by multiple factors including:

  1. Experian Vantage Score (Credit Eligibility Requirements).

  2. Loan to Value Ratio (LTV): This is calculated by taking the loan amount and dividing it by the value of the vehicle you are financing. (Tenet receives the value of the vehicle from our partner BlackBook, at the time of your application) That means that reducing your loan amount can help you get a better interest rate. See the offer tips in your application.

  3. New or Used Vehicle: New Vehicles qualify for a lower rate, than Used Vehicles.

  4. Loan Type: Personal Loans qualify for lower rates than Business Vehicle Sharing & Ride Sharing Loans.

  5. Loan Term Length: Longer terms are charged higher interest rates.

  6. Debt To Income Ratio: Having more income may decrease your Debt To Income Ratio which may qualify you for a lower rate (Income is subject to verification).

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