finance company
What I just read it was 10 and 7/8% and when your talking paying points is 2, and anything more they are ripping you off. But I am not a lender just a very avid googler. hope that helps. :))
The highest rate that they can get away with. There are legal limits, and if they charge too much, no one will do business with them.
They can charge a commitment fee or a lock fee, most certainly. Not everyone does it but it depends on the lender, it is not uncommon though.
Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
finance company
what is the highest interest rate a car dealer can charge on an auto loan in sc?
What I just read it was 10 and 7/8% and when your talking paying points is 2, and anything more they are ripping you off. But I am not a lender just a very avid googler. hope that helps. :))
The highest rate that they can get away with. There are legal limits, and if they charge too much, no one will do business with them.
They can charge a commitment fee or a lock fee, most certainly. Not everyone does it but it depends on the lender, it is not uncommon though.
Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
A payday lender is one that will lend you a relatively small amount of cash, and in turn, charge a high interest rate. They will typically withdraw the money on a set schedule, on the day you get paid.
It is not at all important if you are a lender!
It will depend on the lender and the risk of default.
In Indiana, the maximum interest rate for a personal loan can vary based on the type of lender. Generally, for most consumer loans, the limit is set at 36% APR. However, specific rates may differ for different types of loans or lending institutions, including credit unions and banks, which may charge lower rates. Always check with the lender for the exact terms and conditions applicable to your situation.
The rate will depend on who the lender is and their assessment of the credit risk of the borrower.
The interest rate will depend on a number of factors. These include who the lender is and also on their perception of your credit risk.