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There are many different types of collateral that could be used to create a secured personal loan. These could include loans against property like homes, vehicles or land. Particularly with homes and land, this may be called taking a mortgage out on the property. Other types of collateral might be acceptable in creating a secured personal loan and might include such things as personal savings accounts that would be held by the lender, stocks or bonds, or luxury items of significant value. Typically value of the collateral is higher than loan value or a significant percentage of the amount loaned.
What else can I help you with?
Where can someone find personal loan rates?
There are a number of online sites at which an individual can find personal loan rates. The Bankrate and Wells Fargo websites, for example, each contain this information.
What are the cons of having a fixed rate personal loan?
Fixed personal loan interest rates are typically higher than variable rates. If interest rates rise, your personal loan rates will look like a bargain, but on the other hand,if interest rates fall, your bank loan will look expensive.
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
Where can I find some personal loan rates?
I would recommend going to your local bank that you use the most to find the information. Your bank could tell you a lot about personal loan rates, but also recommend companies that can provide excellent service for you. Sometimes, banks also offer very good personal loan rates for their long term customers.
Where can one find good loan rates in the UK?
One can find good loan rates from the following companies in the UK: Tesco Bank, Sainsbury's Bank, AA, Nationwide, The Co-operative Bank, and Nemo Personal Finance.
Where can one find personal loan interest rates?
Most banks offer personal loans at good interest rates. A person can compare different banks and companies at the websites LendingClub or LendingTree.
What mortgage rates does Chase Mortgage offer?
Chase Mortgage offers competitive mortgage rates. You can complete a simple calculator and find your own personal rates. For example a 30 year fixed loan would be 4.625, a 15 year fixed loan would be 3.625, and so on.
How can you find the best car loan rates in Indianapolis?
Finding the best car loan rates in Indianapolis may not be simple as it will depend upon one's personal credit rating among other factors. However, the Bankrate website, for example, gives some illustrative comparative interest rates for car loans and would be a good place to start one's search for the best deal.
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.
Which of the following loan types is considered an example of an unsecured loan?
A personal loan is an example of an unsecured loan, as it does not require collateral to secure the loan.
What banking institutions are offering the lowest interest rates for a personal loan?
The banking institutions who currently offer the lowest rates on a personal loan are generally credit unions and community credit unions. Large banks offer higher rates.
What is an example of an unsecured loan?
An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.
