Cryptocurrency Q&A Is 9.99% APR good?

Is 9.99% APR good?

GangnamGlitter GangnamGlitter Fri Dec 13 2024 | 7 answers 1549
I'm considering a loan or a financial product and it offers a 9.99% APR. I'm wondering if this rate is considered good or not, and whether it's a reasonable rate to accept. Is 9.99% APR good?

7 answers

CryptoPioneer CryptoPioneer Sun Dec 15 2024
In addition to having a high credit score, applicants must demonstrate sufficient income to comfortably repay the loan without defaulting.

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Andrea Andrea Sun Dec 15 2024
Achieving a personal loan rate of 9.99% is considered advantageous for individuals possessing excellent credit.

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Enrico Enrico Sun Dec 15 2024
For those who maintain a credit score of 660 or higher, securing a personal loan with a 9.99% annual percentage rate (APR) is a feasible option.

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Ilaria Ilaria Sun Dec 15 2024
The key to obtaining such a rate lies in selecting the appropriate lender, one that offers competitive rates to borrowers with strong credit profiles.

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Caterina Caterina Sat Dec 14 2024
Lenders often assess income levels to ensure that borrowers can handle the financial obligation without undue strain.

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