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The best way for one to find a personal loan at a low interest rate, is to go to the local bank and talk to a bank loan officer. The interest rate one receives will depend on their current financial status.

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12y ago

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In general would interest rates for a personal loan be lower or high than those for a business loan?

In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.


Can payday loan interest be reported on your income taxes?

No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.


Where can one find their personal loan interest rate?

One can find what their current interest rate is by talking to the financial institution with which one got the loan. Many of these institutions offer online services where one can find their loan information as well.


What is the personal loan interest rates in India?

Buddy Loan is renowned for its approval rate. Over 80% of approvals are personal loans that meet the eligibility criteria at Buddy Loan. In most cases, you will find that the interest rate is a matter of objection for heavy pay-outs and longer tenures. But at Buddy Loan, you can choose a lender and customise the tenure and EMI based on your income.


What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?

personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in


Can you get a personal loan after a car repossession?

You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.


Can you deduct interest from a signature loan?

"Personal" interest is NOT deductible.


Where can one find a site to compare personal loan interest rates?

There are plenty of places on the internet in order for one to find out a site to compare personal loan interest rates. However, It is recommended that one should take a look over the website bankrate beforehand.


What is the interest rate on an unsecured personal loan?

The interest rates on an unsecured personal loan vary greatly from loan to loan. If your loan is through a Credit Union, it can be as low as 1.9%, whereas if it is a high-risk loan secured through a private business, the interest rate could be as high as 30% or more.


What are the cons of having a fixed rate personal loan?

Fixed personal loan interest rates are typically higher than variable rates. If interest rates rise, your personal loan rates will look like a bargain, but on the other hand,if interest rates fall, your bank loan will look expensive.


What to consider taking out an unsecured personal loan?

What the interest rate is and loan agreement


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.