Is 13.99 APR good for a personal loan
A good personal loan interest rate depends on your credit score: 740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit) 580 to 669: Around 18% (look for loans for fair credit)
Is an APR of 21.99 good
A 21.99% APR is not good for mortgages, student loans, or auto loans, as it's far higher than what most borrowers should expect to pay and what most lenders will even offer. A 21.99% APR is reasonable for personal loans and credit cards, however, particularly for people with below-average credit.
Is 30 apr too high
Personal loan APRs tend to range from around 4% to 36%. A 30% APR is not good for credit cards. The average credit card APR is 22.15%. A 30% APR is very expensive for a mortgage.
Is 7.5 APR bad
Reviewed by Shannon Martin, Licensed Insurance Agent. “Unless you have poor credit or your loan term is 72 or 84 months, 7.5% is a bit high. Keep shopping around and you can probably find a better rate if you have decent credit. You should be able to find a rate of five percent to six percent if you're creditworthy.
Is 6.99 APR bad
Yes, 6.99% is a good personal loan rate. An APR of 6.99% is lower than the national average for a personal loan, and applicants will generally need excellent credit and a high income relative to their existing debt to qualify for a personal loan rate this low.
Is 6.99% APR bad
An APR of 6.99% is lower than the national average for a personal loan, and applicants will generally need excellent credit and a high income relative to their existing debt to qualify for a personal loan rate this low.
Is 8% a bad APR
The interest rates available to you depend largely on your credit score. with an interest rate of 8% is good! However, if your score is higher, an 8% interest rate is expensive. The average interest rate on a 60-month car loan as of September 2021 is 3.81%.
What does 7% APR mean
Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment.
Is 12% APR too high
A low credit card APR for someone with excellent credit might be 12%, while a good APR for someone with so-so credit could be in the high teens. If “good” means best available, it will be around 12% for credit card debt and around 3.5% for a 30-year mortgage. But again, these numbers fluctuate, sometimes day by day.
Is 5% APR too high
Avoid loans with APRs higher than 10% (if possible)
According to Rachel Sanborn Lawrence, advisory services director and certified financial planner at Ellevest, you should feel OK about taking on purposeful debt that's below 10% APR, and even better if it's below 5% APR.
