Nathan asked in Business & FinanceCredit · 10 years ago

Would you expect a private consumer loan to have a higher or lower interest rate?

Would you expect a private consumer loan to have a higher or lower interest rate than a home mortgage? (In your answer be sure to use one of the core principles of money and banking)

A. Mortgage rates are always higher

B. Interest rates are roughly equivalent

C. Private loans rates are generally higher

D. none of the above

5 Answers

  • ?
    Lv 7
    10 years ago
    Best Answer

    C. Consumer loan is unsecured and risk factor is greater so interest rate is higher

  • Anonymous
    10 years ago

    Why spend a long time hassle with the banks high rates over acquiring of a loan when you can totally have a full guaranteed access to the funding of your future investment plans at a 0.6% interest rate which can also give you a peace of mind.

    If you really need a loan for both personal and business, debt settlement or car loan, contact the company via email:

    How much do you want to borrow:

    Repayment Period:

    Do you have a mortgage:

    Yes /No

    What is the reason for your loan:

    How much is left to pay on your mortgage:

    Residence status:

  • WJ
    Lv 5
    10 years ago

    Consumer loan rates are generally higher than a mortgage loan.

    Source(s): work at a bank
  • Anonymous
    10 years ago

    I saw your mail, so i decicided to let you know how i got my loan. I am Mrs. Joy White, six months ago my only son took ill, he was

    diagnosed of a heart disease, i was told by the insurance company, that

    my insurance won't cover my sons medical care.

    As a mother, i was devastated, owing to the fact that i just lost

    my husband a few years ago, so i started looking for money, because my

    job was not paying enough to cover my son's bill, i looked for help from

    family and friends but there was non coming, i went to the bank and

    was told that, they could not grant me a loan, because i had no


    Finally, just as i gave up hope on lenders on the Net because of

    scams, i met a lady chaitu from China who told me of Mr. Frank Smith, i

    tried him and he gave a loan for $90,000usd, today my baby boy is doing

    well, i am not telling you this for you to feel sorry for me, rather i

    am telling you so that you can help me thank him and if you are ever in

    need of a loan you can contact him via Thanks for reading my testimony, and God bless all the good people.

    Best regards,

    Mrs. Joy

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  • 10 years ago


    Good day,

    I am Mr John Clarke the C.E.O. of the above company, we offer loan to all who are in need of financial help,if interested contact this email for more informations

    you need to fill the form bellow.

    Full Name:.......





    phone number.............

    amount needed............

    loan duration................


    Mr John Clarke(C.E.O)

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