Looking to borrow $15,000 over 5 yrs @ 7.5%..can you help?

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Looking to borrow $15,000 over 5 yrs @ 7.5%..can you help?

Looking to borrow $15,000 over 5 yrs @ 7.5% from private party. To be paid back direct through bank every 2 weeks..serious parties only! No lending companies. Details to follow. Note to be drawn up & notorized....Immediate answer needed.

2007-03-08 05:02:09 · 2 answers · asked by desperate 1 in Business & Finance ➔ Personal Finance

2 answers

You can go here for private party loans.

www.prosper.com

2007-03-08 05:07:50 · answer #1 · answered by Cherokee Billie 7 · 0⤊ 0⤋

7.5% is really quite a low APR for an unsecured loan. What's the incentive? There are mutual funds, CD's, etc, with less risk that have a return like that.

Unsecured loans typically are in the 10-12% range.

2007-03-08 05:54:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋