Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
United States Prime Rate: The Current U.S. (Fed) Prime Rate is: 4.50% December 13, 2017: The FOMC has voted to raise the target range for the fed funds rate, from 1.00% - 1.25% to 1.25% - 1.50%. Therefore, the United States Prime Rate is now 4.50%, effective tomorrow (December 14,2017.) The next FOMC meeting and decision on short-term interest rates will be on January 31, 2018. Prime Rate Definition. The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States.