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For basic personal unsecured loans, the maximum interest rate is 9% per year.

For payday loans, the maximum effective interest rate may not be more than 75% of the principal (additively including renewals for which 6 are allowed by the state)

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14y ago

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How can one get an unsecured loan with a bad credit?

According to the "Money" website, there are a comparison of unsecured loan with a bad credit. For example 'UK Credit', with a minimum loan of 1,000 British pound and a maximum loan of 5,000 British pound. The credit is considered a bad credit due to high interest rates, beware of the bad credit.


What is the maximum interest rate for a student loan consolidation loan?

The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.


What is the maximum interest rate alloweb by CA law?

According to California law, non-exempt lenders can charge a maximum of 10% interest per year. The maximum rate applies to money, goods or things used primarily for personal, family or household purposes. It also applies to other types of loans such as home improvement, home purchase, or business purposes.


What is the maximum interest on personal loans in Maryland?

In Maryland, the maximum interest rate on personal loans is generally capped at 33% per year for loans under $15,000. For loans exceeding this amount, the interest rates can vary depending on the terms, but they must still comply with state regulations. Additionally, certain types of loans may have different limits, so it's important to check the specific terms of each loan agreement. Always verify with a financial advisor or lender for the most accurate and current information.


Are there any legitimate lenders that deal with bad credit?

Yes. However, they know that bad credit means they're taking a risk, and they will set their interest rates accordingly. Expect to pay the absolute maximum interest rate allowed by law, and further expect an extremely low credit limit so that if you do default they're not out all that much. If by "legitimate" you meant low interest, no annual fees, and unsecured credit limits in the thousands of dollars... then no, there probably aren't.

Related Questions

What is the maximum allowable interest rate on an unsecured loan less than 300000 in NC?

37%


What is the maximum interest fee for a personal loan in CA?

Ten percent.


What is the maximum allowable interest rate for a personal note in Illinois?

Interest on the unpaid judgment is 9% per year (simple interest, not compound interest). Unpaid judgments can affect the judgment debtor's credit rating.


How can one get an unsecured loan with a bad credit?

According to the "Money" website, there are a comparison of unsecured loan with a bad credit. For example 'UK Credit', with a minimum loan of 1,000 British pound and a maximum loan of 5,000 British pound. The credit is considered a bad credit due to high interest rates, beware of the bad credit.


What are the minimum and maximum loan amounts for Salaried Personal Loans?

What are the minimum and maximum loan amounts for Salaried Personal Loans?The Loan is depends on their requirement. Personal loan is an unsecured loan which is offered by various private financial companies like Mudrakwik Link , Loanmart as well as MoneyTap. The personal loan disbursement happens on the key criteria such as:Documentation Procedure1. Salary Slip of the back Last Month2. Your ID and address proof3. Minimum age should be in 214. Details of CustomerApproval Time of Personal Loan: 1 to 2 Working DaysThe Maximum loan amount is 10, 00,000/


What is the maximum unemployment benefit Missouri?

$320/week


What is the maximum interest rate for a student loan consolidation loan?

The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.


Whom should I approach for maximum benefit of personal loan?

You should go to a well reputed bank. They offer the best personal loans in the country. They provide interest rates at most competitive rates.


What is the maximum interest rate alloweb by CA law?

According to California law, non-exempt lenders can charge a maximum of 10% interest per year. The maximum rate applies to money, goods or things used primarily for personal, family or household purposes. It also applies to other types of loans such as home improvement, home purchase, or business purposes.


What is a Personal Loan?

A personal loan is a short and unsecured loan, for a maximum tenure of 5 years, where banks or NBFCs lend money on fixed interest rate to the consumers, without securing the loan by 'collateral'. Unlike other loans, personal loans are granted without safeguarding the loan without anydeposit assets withthe lender. It can be availed for any purpose such as education, marriage, purchase of property or assets, home improvements, investments, or holidays. You can apply for personal loan from any banks like SBI, PNB, etc. Or any NBFCs like Bajaj Finserv as well.


What is the maximum fine for unsecured load in NY?

In New York, the maximum fine for an unsecured load can reach up to $150. However, penalties may vary based on specific circumstances, such as the nature of the violation and any prior offenses. It's essential for drivers to secure their loads properly to avoid accidents and potential fines.


What is maximum number of weeks does Missouri pay in unemployment?

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