I was thinking about loan money for a personal reason from Bank of America so i want to know if this rate 8.99% is too high or not...i just want to know before i do the application.
2007-10-14 12:48:46 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
8.99% is not a bad rate. Depends on your credit score and other factors, you may or may not qualified for this low rate.
2007-10-14 17:09:31 · answer #1 · answered by Phoenix 3 · 0⤊ 0⤋
I borrowed some money from Bank of America 3 months ago to buy a home. The rate I got was 6.75%. I guess you can use that to see if it is high. Before I took that loan out. I financed a personal loan from CitiFinancial and my rate was 23%. I don't think 8.99 % is high but you may want to shop around.
Hope this helps
Todd
2007-10-15 06:35:39 · answer #2 · answered by todd s 1 · 1⤊ 0⤋
Ellis is correct, the Bank of America as mistaken your status here in the United States. As you're a permanent resident all you will need is your Permanent Resident Alien card/Form I-551/Green Card, a 2nd form of photo ID and proof of your current address to take out a student loan. Forms 1,2,4 and 5 do not apply to you, although you can use your passport as a 2nd form of photo ID.
2016-05-22 13:43:08 · answer #3 · answered by lanell 3 · 0⤊ 0⤋
Unless you go to a credit union, that is the best you're going to get on an unsecured loan.
Relax and celebrate with a drink or a session of love making.
2007-10-14 13:04:14 · answer #4 · answered by Steveo 5 · 0⤊ 0⤋
For a non-colateralized loan, 8.99% sounds pretty good to me.
2007-10-14 12:51:30 · answer #5 · answered by Tom S 3 · 0⤊ 0⤋
8.99% isn't too bad for an unsecured loan.
2007-10-14 12:52:01 · answer #6 · answered by bdancer222 7 · 0⤊ 0⤋
Not bad, but contact your local credit union. You usually can become a member for about $1.00 (really) and their rates are usually the best in town.......
2007-10-14 13:47:36 · answer #7 · answered by barb j 4 · 0⤊ 0⤋
Stay away from BOA, they are a screwed up company, and will flood you with offers like credit cards with loanshark rates.
2007-10-15 01:48:00 · answer #8 · answered by ANTHONY M 3 · 0⤊ 1⤋