You could get a loan at prime rate if you were a bank. You likely aren’t a bank, so a retail loan is what you get. Prime rate is the interest to the bank. Retai

You could get a loan at prime rate if you were a bank. You likely aren’t a bank, so a retail loan is what you get. Prime rate is the interest to the bank. Retail rates are higher because there are costs associated with your loan. Those costs also include the degree of risk to the bank.