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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+%.

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Question by joyce: What is a good intrest rate for a personal loan?
I took out a personal loan from a credit union for 00. The intrest rate is 9.9% and I have 5 years to pay it back. Did I get a good deal? My credit is in excellent condition, I have never been late on a bill and I have one student loan bill already pain in full.

Best answer:

Answer by batwanda
hi there, I think you got a fine enough interest rate on an unsecured personal loan. Truly, since you offered no collatoral except your promise to pay, this is a fine rate. Take your monthly payment and add a bit to it each month and you will pay it off faster and spend less on interest.
Good Luck
ps im a mortgage broker

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Question by sandeep n: How much is the interest rate for Personal Loan and Car loan in Dubai banks?
How much is the interest rate for Personal Loan and Car loan in Dubai banks?

What is the maximum available tenure for expats?

Best answer:

Answer by Nav786*
With the UAE being an Islamic country, I dont think there is any interest on loans as under Islamic law interest is forbidden wether you give or receive it.

What do you think? Answer below!