answersLogoWhite

0

It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

How did the president overrule the Senates vote on the auo bailout?

The bill that was defeated in the Senate was a 14 billion dollar rescue plan for the automakers. The President has no power to overrule a bill that is defeated in Congress. The 17.4 billion dollar assistance to the automakers will be a low interest loan drawn from the 700 billion "bail out" fund already passed by both Houses in October.


If the interest is capitalized will the dollar amount you must pay on your loan increase?

Yes.


What would the payments be for a 7500.00 dollar loan?

Depends on term an interest rate


The Dollar Loan Center Guarantees to Beat the Interest Rate on Your Payday Loan?

The Dollar Loan Center is a payday loan alternative store located in South Dakota, Utah and Nevada. Customers living in these states have the option of applying for a loan online or in person at one of their many stores. At The Dollar Loan Center, you are not required to leave them with a post-dated check or any other form of collateral for your loan.How The Dollar Loan Center Loans Differ From Payday LoansThe Dollar Loan Center offers what is called a signature loan. That means that you can be approved for a loan with just your signature and no other information required. The company does not charge an application fee or any other up-front fees, and charges interest on a daily basis. You may repay your loan at any time without penalty, and you are charged interest on a daily basis so the interest stops accruing the moment you pay off the loan.If you are able to make additional payments toward the loan before it is paid in full, any excess amount will go toward lowering the principal balance, which automatically lowers the amount of interest that you pay. Another difference between The Dollar Loan Center and typical payday loan companies is that you are not required to have a checking account established in order to get a loan. For this reason, people often consolidate several payday loans with a personal loan from The Dollar Loan Center.The Dollar Loan Center Will Beat the Rate of Payday Loan CompaniesCustomers who live near one of the several Dollar Loan Centers may bring in the contract from their current payday loan and The Dollar Loan Center will offer a better interest rate, guaranteed. There are some stipulations on this guarantee, including meeting The Dollar Loan Center's minimum requirements, having a payday loan from a local company and producing the payday loan contract in person. If these qualifications are met and The Dollar Loan Center is unable to match or beat the rate charged by the payday loan center, they will give the customer the loan for free.


What would payments be on a six thousand dollar loan with a fourteen percent interest rate?

260.00


Where can you get a fifty thousand dollar loan with bad credit?

Three possible choices: Quick loan or payday loan (outrageous interest rates, used for repairing credit), a Collateral loan, or a cosigned loan.


How do you calculate the dollar cost of a loan When the loan is 14500 for 20 days with an annual rate of 12?

Dollar cost of loan = Amount borrowed x interest rate x (days loan is outstanding ? days in the year (360)) 14.500 * 12%*(20 / 360) = 96.67


Where can one get a 500 dollar loan?

Getting a loan may depend on so many factors; good or bad credit, collateral, interest rates and duration of repayment. A good option would be to speak to your bank or 500 dollar loan site.


What is low interest loan?

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.


How can you reduce interest on high interest loan?

Repay the loan with the funds raised from a lower interest loan.


What is true about loan terms?

A longer term equals a lower monthly payment and a higher dollar amount of interest paid.


How do you calculate accrued interest on a loan?

To calculate accrued interest on a loan, you multiply the loan amount by the interest rate and the time period the interest has been accruing for. This gives you the amount of interest that has accumulated on the loan.