answersLogoWhite

0


Best Answer

The first qualification to a low interest loan is to have good credit. You should go to your local bank branch and inquire about any sort of customer deals.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you qualify for a low interest loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How does one qualify to get low interest auto loans?

One of the best ways to qualify for low interest loans is to have really good credit. The better your credit the better your chances of getting a low interest loan.


What is low interest loan?

The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.


What are some good home mortgage interest rates?

Right now mortgage interest rates are incredibly low. Depending on your credit score, income, and debt load, you could qualify for a rate as low as 3.279% for a $200,000 loan.


How would I get an unsecured loan?

Well, if you are in need of money, and your credit score is low, you aren't going to get an unsecured loan. You should try to get a bad credit loan, if you need it but the interest rates will be high. Just ask your local bank what you qualify for.


Is it better to get a high interest short term loan or a low interest long term loan?

It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.


What types of people usually qualify for a low documentation loan?

Low documentation loans are for people who can't get a regular loan. People who qualify for low documentation loans include people who are self-employed or unemployed, or have recently immigrated to the United States.


Where can one obtain a personal loan with low interest rates?

Personal loans are available at HSBC bank with low interest rates. Other banks such as the co-operative bank can also provide you with a loan with low interest rates.


Does a student loan with low interest rates affect your course load?

No, a student loan with low interest rates, will not affect your course load at all. The loan will be the same regardless of what course you're enrolled on.


Are low interest loans better than high interest loans?

In general, a low interest loan is better than a high interest loan. The only time this may differ is if you are getting a variable rate loan, which may become lower than a higher fixed rate loan over time. However, this can be hard to predict, so it is always better to go with the low interest rate.


Can a person with a low credit and a cosigner with good credit get a car loan?

Yes, you can get a car loan. Note with a low credit score interest rates can range from 10% - 24% whether at a dealership or via my website. Visit my website to find out how you can qualify for an auto loan today. And go to the dealership with an approved loan and negotiate down the price of your dream car.


Can you qualify for car loan with 627 credit score?

yes but you might have a high interest rate.


What Are The Interest Rates I Can Get On Business Loan?

The interest rates on business loanrange from 5-18%. Once you submit a business loan application, your lender will tell you of your likely interest rate based on the amount of funds for which you qualify.