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+--- Thread: Credit interest (/Thread-credit-interest--64220)
Credit interest - brainstorm21 - 10-24-2020
<p>Why is the loan interest rate so different from each other among different banks?<br></p>
RE: Credit interest - MrStuden - 10-25-2020
I think it depends on the popularity of the Bank.
RE: Credit interest - Bookak - 10-25-2020
<p>Each Bank has its own credit rates, as it all depends on who sponsors this Bank. In other words, a state-sponsored Bank will have more resources and can keep lending rates lower than private banks. The second reason I think is the riskiness of the loan portfolio. If the loan is unsecured, the rate is always much higher than for secured loans. I also spent a long time choosing which company suits me best and was advised <a href="https://paydayinusa.com/">paydayinusa.com</a> and I remain satisfied to this day. I wish you to find a good Bank that you will work with.</p>
RE: Credit interest - AngelaJohnston - 10-28-2020
<p>
<!--StartFragment--></p><blockquote><p>Each Bank has its own credit rates, as it all depends on who sponsors
this Bank. In other words, a state-sponsored Bank will have more
resources and can keep lending rates lower than private banks. The
second reason I think is the riskiness of the loan portfolio. If the
loan is unsecured, the rate is always much higher than for secured
loans. I also spent a long time choosing which company suits me best and
was advised <a href="https://paydayinusa.com/">paydayinusa.com</a> and I remain satisfied to this day. I wish you to find a good Bank that you will work with.</p></blockquote><p><br></p><p>Thank you so much for the information, I learned something new.</p>