lowest rate loan?

msog87

Banned
Dec 11, 2011
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I want a 5k loan, my credit score is above 800. the best rate at my bank is 5.5%, anyone know where I can beat that?
 
Take out a home equity line of credit. Most banks will give you their prime rate plus .5%
 
See Russell Oliver, The Cash Man - I'm sure his rates are low!
 
For that small amount it may be difficult, I have a capital one cc I believe is at 3.9%, allot of credit card company's send out promotional rates every now and then.

b d
 
I have a secured line of credit against my house at Prime + 0.0 and an unsecured line of Credit at BMO at Prime +2.0 (though it seems to fluctuate)

Current bank Prime = 3 percent.

So you're getting a fairly good quote.

Back in 90, when I bought my first car (a used car), I went to the CIBC to get a loan. I had just graduated from university and had a job making a whopping 35 grand a year, etc. They said they would not loan me the money unless my parents co-signed the loan. Bless her heart, my mom co-signed the loan. My rate at the time was 16.5 percent.
 
Secured line of credit is 4.5% 5.5 is good the difference is only 50 buck over a year on that amount. Amount is so small the % is not going to make a big difference
 
I want a 5k loan, my credit score is above 800. the best rate at my bank is 5.5%, anyone know where I can beat that?

Well, if you need it for a few months, then even an interest-free loan will not make a difference. If you need it for a long period of time, then you are lucky that banks do not know that you are almost broke and still willing to give it to you at 5.5% :)
 
Don’t spend the whole 5k on hookers and MPAs. Make sure you get a nice bottle of wine and a steak in there somewhere!
 
The interest on a 5000 loan over 1 year isn't all that much
 
I want a 5k loan, my credit score is above 800. the best rate at my bank is 5.5%, anyone know where I can beat that?

Harold the Jewellery Buyer. He sounds legit on his low budget commercials, and he certainly doesn't reinforce any stereotypes.
 
I say borrow up to 100k with this coronavirus we are all going to die in the next 3 months lmao so you dont have to pay yolo!!
 
Trump suggests that all banks around the world offer negative interest rates. so wait until then. imagine banks paying you to spend and borrow money.