What is the average interest rate on a small personal loan? and Phone Call with President about Student Loans

What is the average interest rate on a small personal loan?

I'm looking at buying a car and need around $ 2000. My mom would co-sign the loan because I have no credit. I would probably make the loan out for 36 months. What can I expect in interest and could I pay the loan off early if i wanted to?


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Answer by Not My Real Name or Face
First, I don't know that a bank will write up a $ 2,000 loan even with a co-signer who has perfect credit. A cash advance place will and charge you 20% interest. Doesn't your mom have a credit card that allows cash advances? She can just do it off of that and you can pay her off. The interest will be high but I think it is the best you will do.

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Phone Call with President about Student Loans


Image by MDGovpics
Governor O'Malley takes phone call with president about student loans by Tom Nappi at Governor's Office, State House, Anapolis, Maryland

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