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On average how much money can you get with a personal loan?


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2014-09-18 00:17:41
2014-09-18 00:17:41

A personal loan is determined by personal debt to credit ratio. Which is only a one factor used to establish eligibility. There is not an average amount. Personal loans are requested for individual needs and can vary.


Related Questions

It's your money, you can pretty much do what you want with it (there are a few exceptions). But sure, you can make a personal loan and not charge interest.

How much $money$ that i can get from Jackson Hewitt from a loan is 10,000,000,000

I think it depends on the loan,what type of loan you are applying. Different type of loans have different amount of money.

It is easy to find out how much personal loan you are eligible for using the personal finance eligibility calculator. All you need to do is give some personal and professional details and it will work out the eligibility.

Lenders decide how much money to loan based on your income, credit score, and what type of loan you are looking for. Also, if there is collateral to back your loan.

Depends on your school, the terms in which you pay it back. Average student debt load is $25k.

A loan calculator calculates how much money it will take you over a set period of time to pay back the loan you have taken out. It will help you find the amount of money you can loan and not go bankrupt.

It depends on who the money was paid to and how much money was paid.

How much money should a person get back after suiting the bank for breching a loan contract?

Student loan varies from lender to lender, but on an average it is around 1300 Euro. I took a student loan for my college studies from can calculate the loan amount and interest rates there.

Did you mean financial aid? Pretty sure you can get a loan no matter how rich your parents are.

Sell it for what you owe if it is possible. Pay off the loan, get the title and sign it over to the new buyer. If you cannot get what you owe, then get as much as you can. Get a personal loan from the bank to pay of the remaining balance. The personal loan is better than the amount you owe on the car.

This will depend on the lender and the personal circumstances of the would be borrower. It is likely that any loan they receive will have a much higher interest rate than those with average to good credit.

that is to personal to answer

A personal loan agreement is a legally-binding document that guarantees a person will repay a granted personal loan. This document will contain all of the necessary information with regard to the loan, such as the interest rates and terms of repayment and more. Both the lender -- which may be an individual or a financial institution -- and the borrower must sign the personal loan agreement. In the instance of a personal loan, its very nature means there is money being loaned to a couple or an individual. When two people promise to repay the personal loan, this is known as a cosigned loan. Keep in mind that if a person agrees to cosign a personal loan for another person who needs it, that means that both individuals will be responsible for paying back the loan. In other words, if the person stops repaying it, the cosigner is then legally obligated to continue doing so. There are some bits of specific information that will be present on just about any personal loan agreement. This includes the complete names and addresses of all of the individuals involved, the size of the loan, the date on which the loan was given, the amount of payments and for how much they will be, the interest rate and the maturity date at which time the loan must be fully repaid. Normally, personal loans will come from a financial institution such as a bank, and they are usually unsecured. With unsecured loan, this means that the borrower does not put up any collateral in order to secure the loan, which would be repossessed in the event of a default on the loan. For example, if an auto loan is not paid, the vehicle purchased with the loan would be taken. However, in an unsecured loan, this security is absent. Because of this, most people will find that the interest rates on an unsecured personal loan are generally higher. On the other hand, it is possible to put up a car or a home as collateral in order to obtain a secured loan, or to obtain a line of credit. All of these types of loans require a personal loan agreement. This may also refer to loans between friends or family members. Even in this case, it is best to create a simple personal loan agreement to ensure that it is understood the money is not being gifted but is a loan. Various websites feature sample agreements that can be printed.

The amount of interest that a bank charges when you take a loan from them varies greatly. Every bank is different, and even in a specific bank rates can be different. A personal loan to a car loan will have different rates. Your best bet is to call your local bank and ask them the rate for the specific loan you need.

If one is looking for a small personal loan then the best places to look would be at one's local area's phone book at small loan companies. Another option would be a payday loan though the interest is usually much higher.

Personal injury attorneys make too much money off of their clients.

Money is needed for a wide range of personal needs. People might need extra money to cover school tuition, pay money to their taxes, pay for repairs to their vehicle or even consolidate payments for their credit cards. In situations where a specific loan is not available, consumers might turn to a personal loan from the bank as a means to pay for their financial needs.What are Personal Loans:In basic terms, a personal loan is a type of unsecured loan the bank offers that covers personal financial needs. Banks typically offer two types of personal loans: a close-ended loan or a personal line of credit.Close-ended loans are the type of basic loan most individuals might think of when they hear the term personal loan. This type of personal loan sets up a repayment schedule before the loan is taken out. It is usually paid off within one to two years and is ideal for situations like car repairs where a single payment is needed to pay the financial expense and then consumers have time to gradually pay the expense.The second type of loan, a personal line of credit, offers more flexibility because it is similar to a credit card. The bank offers a maximum amount and consumers repay a minimum payment or more each month. Consumers can buy more than just the one time need, so it is ideal for situations like covering part of college tuition that will arise again later, but is repaid throughout the previous semester.Requirements for the Loan:Like most loans, the bank has a few basic requirements before it offers a personal loan to customers. One key requirement is a good credit score. Like any loan from the bank, a personal loan requires a credit check to determine the interest rate or if consumers are eligible for the loan. The second key requirement the bank will need is proof of income and information about current debts. This determines how much money the bank will make available for the loan.Conclusion:Personal loans are a great way to consolidate credit cards or pay unexpected expenses as long as you have good credit. Working with the bank is a legitimate way to obtain a loan and with a great credit score you can get low interest rates.

The questions a a lending institution may ask are: How much money do you need? What are you going to do with the money? When will you repay the loan?

A personal loan is a type of unsecured loan and helps you meet your current financial needs. You don’t usually need to pledge any security or collateral while availing a personal loan and your lender provides you with the flexibility to use the funds as per your need. It can serve as your solution for managing your travel costs and wedding expenses as well as the expenses of a medical emergency, home renovation, debt consolidation and others. There are many financial institutions which offers India’s personal loan online apply with approval and disbursal within just 24 hours. Due to digitalization personal loan online applycan be availed by following some easy steps!

Your local bank should be the first option to get the personal or business loan. However, you can also opt for Hard Money Loans to get the funding instantly in less hassle and documentation. Additionally, the hard money lenders can provide you the desired amount of loan in much lesser time and effort.

Borrow about $6.000 then open up a secured loan (certain Banks only Wachovia,Northfork,ect...) First you need to open up a C.D or savings account and the bank will freeze that money and use it as collateral. Then you would be able to borrow from 85%-90% of that money for a lower interest rate than a regular personal loan ( Not Much though)

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