I plan on purchasing a new car, but my bank (wamu) does not offer personal loan, so i wonder where else i can find a personal loan with the least interest.
Citi bank offers a loan with APR 10.5 %. Is is consider low?
2007-08-23 20:27:50 · 6 answers · asked by thespaceofmyheart 1 in Business & Finance ➔ Personal Finance
you don't need a personal loan. you need a car loan. wamu makes car loans. if you have excellent or decent credit and controlled debt, verifiable income, and job stability you should get the loan.
banks have tighten their credit (loan) standards due to the national real estate loan crisis.
try looking up credit unions in your area and see if you qualify. credit unions normally have the lowest rates. never get an adjustable rate on a car loan.
a 10% rate on a car loan is outrageously high. if credit is not so hot, you may be stuck with it. you can refi the loan later when interest rates drop, maybe as early as September 18th 2007, or wait until that time to buy and finance at the lower rate. just check with the bank to confirm they have lowered their rates due to the expected FED rate cut.
capitalone.com has many auto programs avail on line. i don't work for them. also try financing through the dealer if it is a large outfit.
2007-08-23 21:00:42 · answer #1 · answered by Net Advisor™ 7 · 1⤊ 0⤋
People with poor credit feel that it is difficult to get personal loans. However, there are many financial companies and banks that provide loans to bad credit applicants. Bad credit personal loans are generally soughtThe interest rates on secured loans are lower than unsecured loans. However, there is always the risk of losing your house or property if the loan is not repaid.
2007-08-24 06:06:30 · answer #2 · answered by Anonymous · 0⤊ 1⤋
You don't want a personal loan, you want a CAR loan. The best place for that is don't buy a car you can't pay cash for. The second best is ANY bank. I can beat 10.5% on a credit card.
2007-08-24 01:05:11 · answer #3 · answered by STEVEN F 7 · 1⤊ 0⤋
you can try prosper.com
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2007-08-24 06:44:50 · answer #4 · answered by John Loves Jenn 4 · 0⤊ 2⤋
Bank is the only best way to get loan. Don't rely on fake agent
2007-08-23 20:33:44 · answer #5 · answered by Anonymous · 0⤊ 2⤋
Your parents. You have 50-50 chance, same chances you will get from financial institutions. Seriously, I would also recommend Credit Unions, they have lower interest rates and more lenient than banks.
2007-08-23 20:40:18 · answer #6 · answered by Potentate 4 · 0⤊ 1⤋
Credit unions have good interest rates.. check them out.
2007-08-23 20:34:54 · answer #7 · answered by Anonymous · 1⤊ 0⤋