STYLETHREAD -- LET'S TALK SHOP!

Members Login
Username 
 
Password 
    Remember Me  
stylethread site home page -> stylethread forum -> general chat -> does anyone know a lender that has low rates?
Post Info TOPIC: does anyone know a lender that has low rates?
shopaholic


Dooney & Bourke

Status: Offline
Posts: 858
Date:
does anyone know a lender that has low rates?
Permalink Closed

im looking to take out a loan for around 20,000 and I was wondering if anyone knows of a good lender that gives good rates.  I know that if I go through citibank or chase, they'll give me whatever percentage is out right now, which i think is about 7 or 8%.  Any suggestions?

__________________
That is so Fetch! ~ Mean Girls
Elle


Hermes

Status: Offline
Posts: 7139
Date:
Permalink Closed

I'd try a credit union, if you haven't already.

Not sure where else to look though, but 7-8% on an unsecured loan sounds like a really good rate to me!

__________________
To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment ~ {Ralph Waldo Emerson}
Deuce


Dooney & Bourke

Status: Offline
Posts: 622
Date:
Permalink Closed

Generally speaking, you will not find an unsecured loan below prime, which is around 8.25-8.5% right now. You will probably find closer to 12-20% for an unsecured personal loan, because they are riskier so the rate is higher to cover those who default.
If you own your own home you and get an equity loan for a promo rate of 6.5 but closer to prime.
Sorry if I just repeated something you already knew. That said, I agree with elle that credit unions generally have good rates, citibank is not too bad for a comercial large bank.
HTH



__________________
member


Hermes

Status: Offline
Posts: 6944
Date:
Permalink Closed

Are you talking about a personal loan or a home equity loan?  I work for Chase, and their interest rate for a personal loan is definitely not 7-8%.  It's more like 15-16%.  I checked into this myself this past August.  If you own a home, you could do the home equity loan for about 8% (maybe a little bit above) through Chase.  I also think you get a better rate if you're a Chase customer.  Also, a personal loan isn't as easy to get as you might think.  You have to have pretty good credit, among other things.  PM me if you have more questions - I have personal experience dealing w/all this through Chase, and like I said, I work there.

__________________
Farrah


Marc Jacobs

Status: Offline
Posts: 2353
Date:
Permalink Closed

Have you tried getting a rate through Lending Tree?  I went through them to get my car loan.  HTH!

__________________

"Whatever you are, be a good one." --Abraham Lincoln
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
stylethread site home page -> stylethread forum -> general chat -> does anyone know a lender that has low rates?
Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse 		Powered by ActiveBoard