I found an online loan company offering 7% APR with no credit history.Is it good or bad APR?

  • 1
    This would certainly depend on locale, but beyond that, answers are probably a matter of opinion. Commented Aug 28, 2014 at 21:36
  • For what country? Commented Aug 29, 2014 at 8:39

1 Answer 1


I would say this is a good APR if you're putting down no collateral. In fact, I'd be rather suspicious of such a low rate with no credit history. What is the term of the loan?

Not the answer you're looking for? Browse other questions tagged .