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.
7 answers
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.
Andrea
Sun Dec 15 2024
Achieving a personal loan rate of 9.99% is considered advantageous for individuals possessing excellent credit.
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.
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.
Caterina
Sat Dec 14 2024
Lenders often assess income levels to ensure that borrowers can handle the financial obligation without undue strain.