bank rates

Personal Loans Can Cost A Little Or A Lot

With no home equity to tap, and credit cards slashing lending limits, cash-strapped consumers are turning to old-fashioned personal loans.

With no home equity to tap, and credit cards slashing lending limits, cash-strapped consumers are turning to old-fashioned personal loans.

These fixed-rate, short-term, unsecured loans require regular monthly payments, much like a mortgage or car loan.

The interest rate can range from quite good to quite high, depending on your credit score.

Citibank, for example, is promoting personal loans that cost anywhere from 10.49% APR to 28.49% APR.

If you’re in a hurry, you can apply online for up to $10,000 and get an approval (or rejection) in a matter of minutes.

If you need between $10,000 and $50,000 you have to apply over the phone or at a Citi branch.

There is no application fee, repayment plans run from two to five years, and the money is usually deposited in your checking account within three to five days of approval.

To qualify you must have at least $250 in a Citi checking, savings or money market account, or hold a Citi mortgage or credit card.

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Comments (6)
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6 Existing Comments
  1. sangiovese said:
    on May 8th at 09:09 pm

    question: why does Bankaholic.com only have ONE posting a day? one would think that they would have several postings. guess they only post when someone actually pays to have the publicity.

  2. Personal Loans Connect said:
    on May 20th at 12:12 am

    Looks like my articles get rewritten and published as brand new all over the internet.

  3. RateRunner said:
    on May 20th at 04:05 pm

    Dear Personal Loans Connect: We had never heard of you until you put this comment on our blog. We find it interesting that this post was published on May 8 and your post (which is absolutely identical to what we have here) was posted late on May 11. Who is copying who, dude?

  4. Pam said:
    on June 4th at 06:45 pm

    I am not blaming you at all. My articles were written about a month before they ended on my site. We distributed this article way before we added it to our website as we were simply looking for back links.

    All is good.

  5. Pam said:
    on June 4th at 06:47 pm

    It would be nice to get a follow link though.

  6. RateRunner said:
    on June 28th at 09:01 am

    Pam: That is nonsense. We wrote this post totally independent on your site. You didn’t “distribute” anything to us. You took our story word for word. Put it on your site and want a back link?! Not likely.