Sentences with phrase «rates than traditional bank loans»

Bad credit mortgages have higher interest rates than traditional bank loans.

Not exact matches

While banks aren't likely to charge rates that high for the loans originated through their partnerships, the rates are likely to be higher than what they offer for more traditional commercial loans, some financial experts say.

And, many times, short - term business loans may come with faster approval rates than more traditional long - term financing at the bank — which helps when time is of the essence.

This turns out to be a good deal for borrowers because they get a better interest rate than they might through a traditional bank loan or credit card.

Not only were Quicken's interest rates better for Virginia, its loan fees were lower than quotes obtained from more traditional bank - based mortgage lenders.

Personal loans from online banks, such as Capital One personal loans, typically have lower refinancing rates than traditional banks offer because of the lack of overhead costs.

When acquiring a bad credit loan, the interest rates are higher than a traditional bank's interest rate would be.

Interest rates charged by the Participating Lender are generally higher than a traditional loan for a similar amount issued by a bank or credit institution.

Peer - to - peer lending standards are significantly more lenient than banks», and these loans» interest rates are usually lower than those offered by traditional lenders, but the rates will likely exceed those on high - yield savings accounts, so you stand to make a much higher return with peer - to - peer lending.

The hope is that despite all these issues and conditions, that borrowers still get better rates than they normally would in a traditional bank setting with lenders competing with each other to fund their loans, and that lenders find a better avenue for their investment dollars along with the feeling of gratification that they're directly helping those who need the financial help.

When looking at the terms of your agreement, you may have concerns that the interest rates appear higher than traditional bank loans.

And, many times, short - term business loans may come with faster approval rates than more traditional long - term financing at the bank — which helps when time is of the essence.

«The results indicate that given the same credit risk (i.e., for borrowers with the same expected delinquency rate), consumers would be able to obtain credit at a lower rate through the LendingClub than through traditional credit card loans offered by banks.»

Credit unions tend to offer lower auto loan rates than traditional banks, largely because they are non-profit and pass their cost savings on to their members.

You can find great tenant loans online that carry lesser rates of interest than a traditional bank might offer.

Lending Club uses technology to operate a credit marketplace at a lower cost than traditional bank loan programs, passing the savings on to borrowers in the form of lower rates and to investors in the form of solid returns.

Typically, with loans from p2p lending web sites such as Lending Club and Prosper.com, the borrower gets a much lower interest rate than they would typically be offered at a traditional bank.

While OppLoans» interest rates are higher than traditional bank loans, that's because they're lending to a very different type of borrower — one who is likely to be rejected for a loan from other lenders.

Life insurance companies often offer these cash - value loans at interest rates lower than a traditional bank loan.

«Interest rates are much higher [than for a traditional bank loan], and if you miss a payment or are late, you can see those already high interest rates double or even triple,» he says.