Sentences with phrase «by borrowers with excellent credit»

The LIBOR is used by banks in the U.S. as well as in the U.K., Europe, and Canada as a basis for large short - term loans by borrowers with excellent credit.

Not exact matches

Even borrowers with excellent credit, a decent amount of home equity and sufficient income for a new mortgage loan are daunted by the extensive documentation requirements for refinancing.

In a survey of personal loan interest rates offered by credit score tier, online lender LendingTree noted that borrowers with excellent credit scores (between 740 to 850) received a median APR of 8.18 % to 9.66 %, while consumers with poor credit scores (659 and under) were saddled with interest rates starting at 23.99 % up to 30.02 % — roughly one - quarter of their original loan principal.

This will vary by lender, but most will want to see borrowers with good to excellent credit scores (which is defined as any FICO score of 690 or above) and no recent derogatory marks on their credit reports (e.g., foreclosures, bankruptcy, defaults, liens, etc.).

Secured loans (collateralized by the purchased vehicle) are offered to borrowers with less than excellent credit.