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The average interest rate on a motorcycle loan is 100000
The average interest rates on a home equity loan depends on which home equity loan in particular. For example, the $30 HELOC is averaged at an interest rate of 5%.
The average interest rate for home equity loans is constantly changing. As of June, 2013 the average interest rate was 5.11% for a line of credit and 6.15% for a loan.
Bankrate.com list the average 36 month car loan at 6.44%
The average interest rate on a Sonic Payday loan depends on many factors such as amount borrowed and length of time. The average seems to be around 5%.
The average interest rate on a same day payday loan can be over 900 % for a one week loan, over 400 % for a two week loan and 200 % for a one month loan.
The Higher Education Act does provide student loan consolidation under the Federal Family Education Loan and Direct Loan programs. The loan consolidation may lower interest rate and extend the amount of time to repay.
There are many variables that factor into the interest rate of a loan. For instance, the interest rate on a loan below $100,000 is actually higher than that on a loan over $100,000. Expect an interest rate between 7-9%.
The cost when it comes to education loans is the rate of interest you pay on the loan. Luckily the rate of interest offered is almost constant across all banks that offer these loans with probably a 0.5 to 1% difference at max. Remember that a rate of interest of 13% with no processing fee is obviously cheaper than a 12% rate of interest loan with a 2% processing fee. So, make sure that you check out the cost of the education loan and choose a bank that offers you a good deal. Education is the inevitable right of every child however making payments on student loan interest while still in school can help you avoid the debt snowball effect.
It is hard to answer without knowing the type of loan and the loanees personal credit history. For personal loans the average interest rate is from 5 to 9%.
The average interest rate for a loan in Virginia is around 4.78%, but this fluctuates based on many factors. It is wise to ask your local banks to get the most accurate answer.