What is a good interest rate on a personal loan?

Question by ☼Sunshine☼: What is a good interest rate on a personal loan?
I am a college student that has no federal loan at this current time and I need to take out a personal loan for 00.00 or so. (I only really need 800) I have excellent credit and I was wondering what a good interest rate on a personal loan is? I have looked several places, and with this economy, there’s not that many good deals left.

Also, if you could tell me where you found these rates that would be great! Thank you!

Best answer:

Answer by d3
In the US, with very good credit rating you can often get a personal loan for between 10-15% interest rate. Unless you have a lot of credit history a personal unsecured loan at a good rate may be very hard to get. If you can your best bet would be to use a studant loan because they normally have very low interest rates and a long payoff period. If this is a short term loan and you have very good credit you may be able to get a 1 year 0% interest rate credit card. The catch is that if you fail to pay the card off by the end of the promotional period your rates will most likely shot up, often 29+%.

Know better? Leave your own answer in the comments!


  1. Julia H says:

    Is your college associated with a credit union? If so, check their rates. They are often better than bank rates. Even if your college isn’t directly associated with a CU, check around for ones in your area and compare. You might have to invest $50 to open a savings account to become a member and get a loan, but the savings in interest will pay that back.

  2. Elma says:

    Dude.. I am not substantially into studying, but somehow I obtained to undergo lots of article information with the internet web site. Its great how attention-grabbing it seriously is for me to go to you pretty frequently.

  3. Hello there, just became aware of your blog through Google, and found that it’s truly informative. I am gonna watch out for brussels. I’ll be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers!

  4. Hello. I want to go to the vacation for a week and I am looking for an agency. When I was surfing the travel websites I have found many sites with great reviews about one UK travel agency. Have anybody found any information about travelstyletours dodgy? I would be interested to read some reviews about this company. I will be glad if you will share your opinion about this company.

  5. travelstyle says:

    Hello! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no data backup. Do you have any solutions to prevent hackers?

Leave a Reply