The same is true of rates for other types of borrowing like auto or personal loans, particularly if the consumer has had past credit issues and is not a prime borrower. (debtmerica.com)
Because no collateral is involved, the interest rates on personal loans tend to be higher than on many other types of borrowing. (valuepenguin.com)
The funds are accessible whenever you need them and are borrowed against at a usually lucrative interest rate, as compared to conventional loans or other types of borrowing options. (nowitcounts.com)