Rates vary from lender to lender and depend heavily on your credit history and ability to repay, but here is
what interest rates on personal loans look like, on average:
Rates do vary from lender to lender, but here is
what interest rates on personal loans look like, on average:
Not exact matches
Personal loans are a credit card alternative to try if you've got great credit and you want to lock in a lower
interest rate on what you borrow.
There are a number of different types of
personal loans available for consumers but which type of
loan you get and at
what interest rate will depend
on a few different factors.
Q:
What will the
interest rate be
on personal loans?
What's great about a home equity line of credit, is the fact that they usually come with lower
interest rates compared to the
interest rate on a
personal loan from a bank.
If you have good credit, you might qualify for a lower
interest rate on a
personal loan than
what you're paying
on your credit cards.
Then number two, alright let's get a handle
on just how big the debt is so we're going to do an inventory, credit cards,
personal loans, payday
loans, income tax, figuring out
what the debts are,
what the
interest rates are
on these debts and let's try to prioritize so we can rid of the highest most expensive debts first.
Other ways to avoid repossession would be to find a debt consolidation
loan at a lower
interest rate that
what you currently pay
on the car
loan; ask a family member or friend to give you a
personal loan or co-sign a
loan for you;
Here's
what Kiplinger's
personal finance magazine says college students don't need: New textbooks, a high - end computer, a printer, a pricey smartphone plan, cable TV (watch streaming videos
on a computer), a car (especially for freshmen), overdraft protection
on bank accounts, campus health insurance (assuming coverage under the family's health plan) and private
loans, which carry higher
interest rates and less flexible repayment plans than federal
loans.