Personal Loan
What are the current interest rates for a personal loan of $21,000 what would be the monthly payment and time?
Can you get a personal loan for 4 or 5 years? If the loan will be be used for home improvement is it best to get that type of loan? Just need help in making a decision. Specific advice requested.
The rate would really depend on where you are located. If at all possible, a loan secured by an asset (i.e home) will be markedly less expensive in terms of interest. 5 years is a reasonable term for a personal loan of that size.
For rates and payment calculators, visit your bank’s website -any of them worth doing business with should have calculators built in to their website.
Again, much of this depends on your geographic location.
There is a lot of competition in the U.S for lending, shop around to different banks and let each know when you got a lower rate somewhere else. It will be surprising how their best offer improves when they know another lender has a better rate.