Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Understanding the interest rates on personal loans
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Phantasm, post: 336904, member: 94599"] Conditions: Market conditions at the time of application can impact the interest rate on a personal loan. For example, if you apply for a loan when the market is doing well and interest rates are low, you will be able to negotiate a lower interest rate than if you applied during a recession. 5. Loan amount: The amount of money borrowed also affects the interest rate charged on personal loans. Generally, higher loan amounts attract lower rates while smaller personal loans have high rates. 6. Lender: Different lenders charge different interest rates for their personal loans. However, some banks provide reduced interest rates to individuals with current accounts domiciled there or whose history of borrowing from them is impressive. 7. Personal creditworthiness is usually determined by lenders using credit score and analysis of your credit history that includes among other things bankruptcies or defaulted loans which act as deterrents to any lender willing to offer cash. 8. Term Length: The longer it takes for one to settle his/her intended payment in full, the larger he/she will end up paying more in terms of monthly repayment since interests accumulate over time just like snow does on rooftops during winter season. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Understanding the interest rates on personal loans
Top