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What is an example of an inexpensive loan and a medium price loan and a expensive loan?

An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.


Which of the following loan types is considered an example of an unsecured loan?

A personal loan is an example of an unsecured loan, as it does not require collateral to secure the loan.


What is medium-price loan?

A medium-price loan typically refers to a loan that falls within a moderate range of interest rates or amounts, often positioned between low-cost and high-cost loans. These loans are generally offered by financial institutions to borrowers with a fair credit profile, providing a balance between affordability and accessibility. They can be used for various purposes, including personal expenses, home improvements, or consolidating debt. The specific terms and conditions can vary significantly depending on the lender and the borrower's financial situation.


What is an example of an unsecured loan?

An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.


What is the price range for a secured personal loan?

A secured personal loan is a fixed interest rate loan in which you provide collateral or savings account, stocks, bonds, etc. to receive the loan. The price range depends on how big your loan is and what you have to put up for collateral, so there is no fixed price range.

Related Questions

What is an example of an inexpensive loan and a medium price loan and a expensive loan?

An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.


what the difference of base price and sales price, loan price.?

Base Price and sale price can be negotiated down to the loan price, which is the agreed upon amount you will finance.


What is a example of medium?

water is an example of a medium.


Which of the following loan types is considered an example of an unsecured loan?

A personal loan is an example of an unsecured loan, as it does not require collateral to secure the loan.


What is medium-price loan?

A medium-price loan typically refers to a loan that falls within a moderate range of interest rates or amounts, often positioned between low-cost and high-cost loans. These loans are generally offered by financial institutions to borrowers with a fair credit profile, providing a balance between affordability and accessibility. They can be used for various purposes, including personal expenses, home improvements, or consolidating debt. The specific terms and conditions can vary significantly depending on the lender and the borrower's financial situation.


What is an example of an unsecured loan?

An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.


What is the price range for a secured personal loan?

A secured personal loan is a fixed interest rate loan in which you provide collateral or savings account, stocks, bonds, etc. to receive the loan. The price range depends on how big your loan is and what you have to put up for collateral, so there is no fixed price range.


What kind of down payment is needed for a home loan?

The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.


Can you provide an example of an unsecured loan?

An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.


What do you do if you can no longer pay a car loan in Texas?

Sell the car for the price of the loan. If you can't get that price out of it, then talk with the bank about your options.


What is McDonald's price for medium fries?

in the uk the price for medium fries is 99p - along side a mcflurry and cheese burger.


Is a car loan an example of a secured loan?

Yes.