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Where can i get a direct line loan?

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Anonymous

13y ago
Updated: 9/16/2019

Have you tried the dealer selling the car to you ? Often the dealers will give you the best financing you can find. If you are going to buy from an individual, then you might want to compare costs of financing through either your bank or some of the websites that specialize in direct loans.

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Wiki User

13y ago

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What is the rate of Direct Line loans?

A Direct loan of 5000 over 5 years at about 98 a month will earn 6.9%. A Direct loan of 3000 over 2 years at about 133 a month will also earn 6.9%. Both are good ways of securing investments.


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Direct loans are pretty complicated. Since you have never taken out a loan before, people do not know how trustworthy you can be. This may be an advantage, but if you mess up, it can hurt you big time.


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It is difficult to say which option is best for a direct line loan without knowing someone's financial situation. The best idea would be to call your bank and see if they have any suggestions.


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The main difference between a Federal Perkins Loan and a Direct Subsidized Loan is the entity that provides the loan. The Federal Perkins Loan is offered by the school itself, while the Direct Subsidized Loan is provided by the federal government. Additionally, the interest on a Direct Subsidized Loan is paid by the government while the borrower is in school, whereas interest on a Perkins Loan begins accruing immediately.


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