Is this Good? $2,500 @ APR 9.25%, Fixed Monthly payments @ $80 For 36 months?


1 Answers

PJ Stein Profile
PJ Stein answered

It would all depend on your credit score and if the loan is secured in some way. If it is an unsecured personal loan, from what I have just looked up on line it is not a bad rate. If you belong to a credit union they would most likely be your best bet for the lowest rate.

3 People thanked the writer.
Jann Nikka
Jann Nikka commented
Hi, Loan would be from a bank, not possible from credit union.
What about $160 For 18 mos?
PJ Stein
PJ Stein commented
Either way the money comes out the same. It would depend on your budget. If it were me and I could comfortably swing the $160 for half the time I would do that. But I hate carrying debt so I like paying things off quickly. If $160 is going to make it too tight financially, I would go with the $80 and just pay extra when I can.
Jann Nikka
Jann Nikka commented
Thank you for your help 😎

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