Where can I go online to compare rates for a personal loan?
Question by LineQ: Where can I go online to compare rates for a personal loan?
I want to borrow some extra money for school (not a school loan). Is there any where I can go to find the best interest rates for a personal loan like they do for car insurance?
Best answer:
Answer by Andrea
http://www.bankrate.com will show you rates in your area. You should know that you have to have excellent credit to get a personal loan and also have the means to repay it.
A credit union is your best bet for a good rate and a safe lender to deal with.
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If you have okay credit you can go to a Bank or credit union.
I agree that bankrate.com is one of the best places to go.
Know that 10 to 15% is a high rate. Don’t go much higher than that. If you have some collateral ( a paid off car, a home, etc.) or a co-signer, the rate will be lower.