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Private loans can finance a college education or a mortgage, although smaller loans are available. Some loans have interest rates as low as 6.75%, but others go as high as 15%. This does not take into account additional fees.

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13y ago

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Related Questions

What does a private loan agreement look like?

What does a sample private loan look like?


What does a sample private loan agreement look like?

What does a sample private loan look like?


What is a creditworthy cosigner for a private student loan?

a secured loan


What does a private loan agreement l?

A private loan agreement is a agreement between 2 people that is not publicly filed with any outside agency. Most private loan agreements are between family members.


Where can you find out more information on home loans for people with bad credit?

A lot of private loan companies will loan people money who have bad credit. Most national banks will not though. The only problem is that these private loan companies will charge much more than a bank would.


Does an FHA loan have a PMI requirement?

Most FHA loans will require a PMI (private mortgage insurance) It will depend on the area from which you get the loan as to what percent you will have to pay upfront or how much to get.


In a 1997 bankruptcy was your private student loan discharged if it was not a federal loan but a private loan from a lender?

Depends on how long the loan had been in repayment, whether or not it was insured by a non-profit. Please note that most federal loans are issued by private banks and INSURED by the government.


What are the qualifications for a private student loan?

A private student loan is like any other private loan. Each private lender will determine what qualifications they require the student to meet before they will lend out their money. Some lenders will want some form of collateral and others will base their decision solely on the student's ability to repay the loan.


How can I use my private equity to get a loan?

Private equity is money that is invested in companies that is not publicly traded on the stock exchange. It is strictly regulated and does not pertain to residential properties. Private equity is a loan from a private investor.


How do you know if your student loan is private or federal?

You can determine if your student loan is private or federal by checking the loan servicer or lender information. Federal loans are typically managed by the U.S. Department of Education or its designated servicers, while private loans come from banks, credit unions, or other financial institutions. Additionally, you can visit the National Student Loan Data System (NSLDS) website to view your federal loan details. If your loan is not listed there, it is likely a private loan.


What is a C E L N loan?

Continuing Education Loan (private)


Can you apply for a private student loan before you apply for a grant?

Yes, but you should find out how much Grant money and Federal student loan money you are eligible for before applying for Private student loans. Grants are free and Federal student loans are cheap. Private student loans are very expensive. Avoid them if you can.