Interest rates vary from one person to another. Circumstances are unique, which is why interest rates can differ between each customer that we have. However, we do provide an estimate for your loan. This way, you will have an idea about how much the loan would cost you.
Please note that Loans Unlimited does not determine your interest rate. Rather, our panel of over 30 lenders decides on the rate based on certain factors. After taking time to look at your application, these lenders will select the reasonable interest rate for you, which will depend on your case.
Some of these factors include your living situation, such as whether you are boarding, renting, or mortgaged. They will also examine your work history and other relevant things, such as the length of employment in your current job. Other important considerations include your credit score and age of credit file (for those with previous loans). If you have a bad credit history, it’s time to repair it. Read this guide for some helpful tips.