That verys depending on on the finical institution borrowing you the money, also the make model year miles ext... they will want to know what amount you wanna borrow and then based on all that info u give them they will pick a term based off all the info and then give you your interest rate for instance if u borrow 1000$ at a 12 month term your interest is lower than if u borrowed the same 1000$ at a 18 month or 24 month term
high,about 15%-18%
The higher your FICO credit score, the lower your interest rate is commonly. If your score is at 721 then your interest rate may be approximately 3 percent.
Your interest rate depends on the bank that you go to. Talk to different loan officers to determine the best interest rate for you.
Yes, your home loan's interest rate will depend on your FICO score. However, your employment history, current income levels, amount of your down payment, and market (prime) rates will also be factored in when determining the interest rate on your home loan. Individuals with very low FICO scores may not even be able to qualify for a home loan at any rate, at least without a substantial down payment or a co-signer with better credit.
FICO credit scores, which are the most extensively used credit scores, range from 300 to 850. A credit score of 826 means that you would be considered a low risk for a loan. You would also have a lower interest rate on a loan than someone who has a lower FICO credit score.
Most companies will approve a FICO score of 587 for a home loan. With this score, expect a higher interest rate since one will be considered a sub-prime borrower with 587 score.
With a FICO score of 672, you would likely qualify for a car loan interest rate that falls within the average range for borrowers with fair credit. Typically, this could be around 6% to 10%, depending on the lender and the specific terms of the loan. It's important to shop around and compare offers, as different lenders may provide varying rates based on their criteria and your overall financial profile. Additionally, factors such as the loan term and down payment can also influence the final interest rate.
Uh, yes. That's extremely good.
It affects your interest rate.
FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.
The interest rate you get with your auto loan depends on a few things. Your credit score, where you live, and the length of your loan all play a role in determining your interest rate. Of these, your credit score is the biggest factor. The difference between good credit and bad credit can mean thousands of dollars. Here is a look at the range of interest rates for auto loans. Assuming you take out a 48 month auto loan, you can expect an interest rate of between 4.9% and 18.7%. This is based off of national averages. People with a FICO score of about 720 can expect the 4.9% rate. If your credit score is between 690 and 720, your interest rate will be around 6.4%. If your credit score is in the middle of the 600's, you start to see higher interest rates. A credit score of 620 will give you an interest rate of 11.89%. A score less than that will mean an interest rate of 17% and higher. As you can see, a steep price is paid for having bad credit. Not only are your monthly payments higher, but you will pay more over the length of the loan.
If you are allowed a loan your interest rate would not differ because of your credit score.