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What is th highest interest rate on a personal loan?


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Wiki User
2008-02-24 16:50:10
2008-02-24 16:50:10

Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.

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What the interest rate is and loan agreement

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.

iServefinancial provide personal loan in Mumbai. And help to compare rate of interest of all bank

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.

iServefinancial provide you personal loan in pune. And also provide online personal loan in pune

One can find low interest rate personal loans online through loan comparison websites, including Bette Loan Choice and Quicken Loans. One can also find low interest rate personal loans through credit unions.

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.

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.

Yes a credit card is a loan but remember the interest rate on these can be quite high comparing to a personal loan.

It is hard to answer without knowing the type of loan and the loanees personal credit history. For personal loans the average interest rate is from 5 to 9%.

Shop around for be lowest interest rate

A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.

Typically, home loans have the lowest interest rate. Credit cards and Pay Day loans usually have the highest interest 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.

You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.

The average interest rate on a motorcycle loan is 100000

Interest rates provided by different loan companies will vary depending on your personal circumstances, credit rating and the amount you wish to borrow. MoneySupermarket allows you to input details of your personal circumstances to obtain the lowest interest rate loan for you.

One can find what their current interest rate is by talking to the financial institution with which one got the loan. Many of these institutions offer online services where one can find their loan information as well.

The interest rate is variable from state to state, lending financial institution, and your credit score.

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