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Secured Signature LoansHow much interest charges you with a neighbor for a loan over $ 3,500 for 9 MOS 1 year?

on a non-guaranteed loan signature.

The previous answer was right - do not lend money to people you know - you're not a bank! However, to answer your question, the prevailing rate for unsecured personal loan is around 14%. I would therefore cost 25%!

Seriously, your neighbor should be going to the bank, or have a credit card, they should be running their bills - not to put too much pressure on you!

what difference does it make, you'll never see a penny refunded. you saw your neighbor is coming.

If you are thinking of getting a loan, then you need to know about the basics before starting. If you understand the basic dos and don'ts of loans, you'll be better prepared to find the best loan for your needs. Whatever type of loan for which you apply, you must follow these basic rules to help you find the best deal. When searching for a loan, it pays to do research. Look for lenders agree as much as you can, so you can find the very best deal. There are pages online <! - Allows you to compare loan rates from a variety of lenders. As the online search, check your big banks and mortgage lenders for deals too. You can find the loan you need here

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If possible, try to avoid taking secured loans. If the amount you need to borrow is small or if you have good enough credit to borrow without collateral, then do so. Although unsecured loans have higher rates, they are less risky because your home will not be at risk if you can not make payments.Try and get a loan in the shortest period -> you can afford. Taking loans in 10 years or more can be risky, and you can not be sure what your financial situation will be at this time.

you do not lend to neighbors or family.

It is the work of the bank. They are equipped to examine the credit quality of the person and made a reasonable decision. you're not.

the most likely outcome is that you'll be your $ 3,500

Posted on September 4, 2010.
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