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What's a good loan interest rate for someone with excellent credit?
A good loan interest rate for someone with excellent credit is typically around 3-4.
What interest rate would be considered as loan sharking?
"An interest rate of more than 25 percent should be considered as loan sharking. That is the practice of loaning out money, just to charge a lot to get it back."
What is considered to be a high interest rate on a student loan?
The interest rate on a student loan depends on the year it was established, the type of loan, and the habits of the student paying back the loan. Generally, 6.9% is considered to be in the high range, but lagging behind payments can increase the loan amount up to 14.0+%.
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.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
If you have bad credit does having a cosigner with good credit on the loan lower your interest rate?
No. You are considered the primary debtor and therefore the interest rate would depend on your credit history.
What is an appropriate interest rate for a secured loan?
Interest rates will be decided based on what your securing the loan with and how good your credit score is. A good interest rate is running right around 8% for a secured loan with average credit.
What's a good loan interest rate for someone with excellent credit?
A good loan interest rate for someone with excellent credit is typically around 3-4.
How much is a 6 percent interest on a loan is that a good rate?
$60 of your loan
What interest rate would be considered as loan sharking?
"An interest rate of more than 25 percent should be considered as loan sharking. That is the practice of loaning out money, just to charge a lot to get it back."
What is considered to be a high interest rate on a student loan?
The interest rate on a student loan depends on the year it was established, the type of loan, and the habits of the student paying back the loan. Generally, 6.9% is considered to be in the high range, but lagging behind payments can increase the loan amount up to 14.0+%.
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.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
What is a fixed rate mortgage?
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
What are good interest rates for bank loans in 2013?
What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.
How can I calculate the monthly interest rate on a loan or investment?
To calculate the monthly interest rate on a loan or investment, divide the annual interest rate by 12. This will give you the monthly interest rate that is applied to the loan or investment.
What is the average interest rate on a motorcycle loan?
The average interest rate on a motorcycle loan is 100000
