Personal loan question?

My local credit union, Campus Federal, has a Signature Loan. For 15K the interest rate would be 10.5% and you can spread it out over 1-5 years. No processing or origination fee and no penalty for early payoff.

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Are there any other banks that offer 4-5% interest range for a personal loan?

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bwahahaha. good one.

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10.5% sounds very high. Are there any other banks that offer 4-5% interest range for a personal loan?

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Really not that high at all. When you get those low interest rates like 4 and 5 % the bank is lending on a house or a car. They have no clue what you are doing with the 15k so naturally there is more risk. More risk...higher rate. You could move that 15k around on a 0% credit card....

I've seen some in the neighborhood of 7%, but this is with a local bank, excellent credit score, solid work history (documented income) and established relationship with said bank.

If you are missing any of the above, expect the rate to jump . . . if it isn't there already.

On the other hand, if you have cash and don't mind paying to borrow your own money, get a CD secured loan at any bank. They will usually charge a few points over what they are paying you for the CD, so it winds up being a 3-4% loan. Like I said though, you have to have cash and be willing to pay that spread for the convenience of not spending it now.

Plenty of local banks in Houston still doing both of these, but be prepared to move your banking relationship to their bank if you want the loan.

you could try prosper.com - it is a site that is built around peer-to-peer lending