Is there laws capping bank loan intrest rates?
gapeachstucknbamaland asked: I was approved for a personal unsecured loan with my bank for $5000 for 60 mths at 162.00 a month. After doing the math I would be paying $4900.00 extra for interest. Which is like 32% interest. Is that illegal if not it should be.
No, I called that bank back to ask the [...]
October 14, 2008
• Tags: Bank Loan, Intrest Rates, Loan Rates, Personal Loan, Personal Unsecured Loan • Posted in: Personal Finance • 5 Comments
