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Why do different lenders charge various rates for personal loans?
Wiki User
∙ 16y ago
Different lenders provide loans for different credit risks. Also, some lenders are not for profit, such as credit unions. A 3rd reason is where the lender obtains the money to provide the loan? From borrowing in the capital markets or from depositors (usually lower costs.) Even a personal laon may be secured, which lessens the risk, and therefore the interest rate.
Wiki User
∙ 16y ago
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How much can payday lenders can charge up to in interest?
payday lenders can charge up to what interest
Why do lenders charge interest?
To make money.
Which commercial mortgage lenders charge the lowest mortgage points?
You will have to shop around in order to get the best rate on a mortgage. Different companies will offer you different rates based on several other factors.
What home lenders are the most reliable?
Your local bank often gives the best home loans. They may charge you lower interest rates than nationwide companies, and they will also offer you more personal and caring service.
What rates are typically charged by payday lenders for a loan?
Payday lenders charge unusually high rates for loans. Many of these companies are not governed by the same laws as banks and credit unions. They typically charge around twenty percent interest on their loans.
Payday lenders can charge up to how much interest?
payday lenders can charge up to what interest
How much can payday lenders can charge up to in interest?
payday lenders can charge up to what interest
Why do lenders charge interest?
To make money.
What type of interest is charged on a loan through cash loan lenders?
All lenders charge different interest rates based on credit score and rating, your loan amount, how long the loan period is for, and what you are borrowing for.
Who is in charge of South Asia?
There are different countries there, so many people are in charge of those various countries.
What do you called a charge borrowers pay to lenders?
Interest, late fee, returned check charge...
Which commercial mortgage lenders charge the lowest mortgage points?
You will have to shop around in order to get the best rate on a mortgage. Different companies will offer you different rates based on several other factors.
When financial institutions lend money they charge borrowers?
The banks or lenders charge interest. The amount depends on your credit.
What home lenders are the most reliable?
Your local bank often gives the best home loans. They may charge you lower interest rates than nationwide companies, and they will also offer you more personal and caring service.
What rates are typically charged by payday lenders for a loan?
Payday lenders charge unusually high rates for loans. Many of these companies are not governed by the same laws as banks and credit unions. They typically charge around twenty percent interest on their loans.
How can you lower your finance charge after a bankruptcy?
That is part of the problem of using the bankruptcy laws. Afterward, lenders consider you to be a high risk and as such charge you more for a loan.
Can you get an unsecured personal loan with bad credit?
Probably, with a good employment history, been living at the same place for a long period of time, they will charge you with a high interest rate. Reality: If your credit score is below 600, YOU CANNOT get personal loan from a traditional lending source. You are relegated to the dangerous "pay day loan" lenders.
