Between 6 and 8 percent is reasonable. Usually the local credit union is going to have the best rates.
What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.
what is the currnet rate of personel loan intrest
What the interest rate is and loan agreement
The current interest rate for a loan can vary depending on the type of loan and the lender, but it is typically around 3-5 for a standard personal loan.
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The interest rates on an unsecured personal loan vary greatly from loan to loan. If your loan is through a Credit Union, it can be as low as 1.9%, whereas if it is a high-risk loan secured through a private business, the interest rate could be as high as 30% or more.
Buddy Loan is renowned for its approval rate. Over 80% of approvals are personal loans that meet the eligibility criteria at Buddy Loan. In most cases, you will find that the interest rate is a matter of objection for heavy pay-outs and longer tenures. But at Buddy Loan, you can choose a lender and customise the tenure and EMI based on your income.
SBI (State Bank of India) offers personal loans as one of their products. The interest rate on a personal loan from SBI (State Bank of India) depends on the applicants credit, amount borrowed, and collateral. Personal loans are calculated at a 9.75% base interest rate.
Interest rates will be decided based on what your securing the loan with and how good your credit score is. A good interest rate is running right around 8% for a secured loan with average credit.
A good loan interest rate for someone with excellent credit is typically around 3-4.
$60 of your loan
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