1

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

2
  • 1
    This would certainly depend on locale, but beyond that, answers are probably a matter of opinion. – NL - Apologize to Monica Aug 28 '14 at 21:36
  • For what country? – serakfalcon Aug 29 '14 at 8:39
3

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 or ask your own question.