The interest on the car loan is 3.5. But the loan method you choose is different, and the loan interest rate is different.

Interest is the use fee of money in a certain period of time, which refers to the reward that the money holder (creditor) gets from the borrower (debtor) for lending money or monetary capital, including deposit interest, loan interest and interest on various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.