Unsecured loans to high-risk creditors for dubious purposes.
Unsecured loans to high-risk creditors for dubious purposes.
payday loan
fixed
savings accounts
A reasonable interest rate varies greatly. It all depends on so many factors. The type of loan you are wanting, the length of repayment terms, your credit score, where you are receiving the loan from, as well as if you are securing the loan with property.
An ARM loan, known as an adjustable rate mortgage, is a type of loan where the interest rate is fixed for some initial period. After that initial period, the interest rate is variable, typically based on an index (e.g., prime rate, LIBOR, etc.) plus a margin imposed by the lender.
A payday loan is a very dangerous loan, as it requires an individual to pay an (sometimes) extremely high interest rate. These loans are recommended to be steered clear from.
The current interest rate for a DirectPLUS loan is 7.9%. There are no set limits for this type of loan, however you may not borrow more than what is needed for your child's education.
The interest rates for an FHA loan differ depending on the type of FHA mortgage, such as adjustable rate, fixed rate, energy efficient mortgage, graduated payment mortgage, etc.
The interest rate on a student loan depends on the year it was established, the type of loan, and the habits of the student paying back the loan. Generally, 6.9% is considered to be in the high range, but lagging behind payments can increase the loan amount up to 14.0+%.
It depends on the type of loan and the interest rate specified in the loan. If the rate is specified in the loan agreement then there is no restriction on the rate. Wells Fargo does this in some of their student loans. It says that there is a bottom rate but that there is no ceiling rate except for the ceiling rate required by South Dakota law; When we check to see what South Dakota ceiling rate is... we see that there is no ceiling rate if the rate is specified in the loan agreement. (http://legis.state.sd.us/statutes/DisplayStatute.aspx?Type=Statute&Statute=54-3-1.1).
There are four main types of small loans. The first type is a payday loan. The interest rates for a payday loan is very high. Usually it is short term so it has a 15-30% interest rate over two weeks. Annually, the interest rate is 390%-700%. You can also get a personal loan from a credit union. The interest is 7%-20%. You can also go to a Pawnbroker for a loan with some personal property as collateral. The interest is 120%-300%. The fourth type of small loan is a credit card loan. This has interest rates from 14%-24%.