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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."
Can I apply for an interest free loan?
Yes, you can apply for an interest-free loan, which is a loan that does not charge any interest on the borrowed amount.
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.
20000.00 loan for 50 days at 6 percent interest?
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
How musch is an interest on a 2.5 billion dollar loan?
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
How much does Payday Advance Cash charge for interest?
A payday loan, also known as cash advances, is a short term loan. The interests are very high and can reach 15 percent a week. The loan consumer normally turn on this type of loan when he is nor capable of getting a low interest load.
How much is a 6 percent interest on a loan is that a good rate?
$60 of your loan
What is the interest on a loan of 36720 at 6 percent interest for 60 days?
$367.20
How do i get a loan?
Nice, do you charge flat 2% interest rate for all loan types?
What is the definition of interest rates?
An interest rate is the amount of money a bank can charge on the loan that they provide you. That is how they make their profit. If they didn't charge an interest rate and just loaned out money, then there's no way they can make money off of the loan.
What is the average interest rate for a small business loan?
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.
What is the highest legal interest rate for a car loan?
what is the highest interest rate a car dealer can charge on an auto loan in sc?
