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Home Improvement Loan Rate What is the approximate rate of interest on a loan or renovation? A home equity loan would be 5-8% and a personal loan would be 10-20%. Of course, depending on your credit rating. I just received a $ 10,000 mortgage for 7.125% by WellsFargo. If the signing of a loan in my box a month ago, and the rate was 11.1% compared to $ 3,000. Posted on February 4, 2010.
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