0
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
Wiki User
∙ 8y ago
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history.
Find out more, please click https://www.indialoanservices.in
Indialoan Fino
Add your answer:
Earn +20 pts
What is the difference between a secured and unsecured passwords?
Secured passwords may be encrypted, unsecured ones may not.
What is the difference between unsecured and secured subordinated notes?
The first one is unsecured, the second one secured.
How do unsecure personal loans differ from secure ones?
The difference between an unsecured loan, and a secured loan is pretty substantial. A house, or a car is used as collateral and therefore secures the loan for the lender. For an unsecured loan, there is no collateral available to the lender.
What is the difference between unsecured priority and unsecured non priority?
priority debts must be pais IN FULL, non-priority does not.
What is the difference between interest and markup?
Difference between interest and mark up
What are the difference between interest free and conventional banking system?
difference between interest and interest free financing
What is the difference between unsecured priority and unsecured non-priority?
Examples of unsecured priority debts are, child and/or spousal support, delinquent taxes, rent and utility arrears, any fines or restitution(s) that have been ordered by the court. Unsecured non-priority are, store cards, unsecured personal loans (unless held by a bank where the person has accounts), credit cards, and so forth.
Difference between interest-bearing and non-interest-bearing debt?
Difference between interest-bearing and non-interest-bearing note.
What is the difference between private and public-interest groups?
Private interest groups are those with personal stakes on an issue. Public interest groups are those groups that advance the concerns of the public at large.
What is the difference between a traditional and a personal CV?
what is the difference between a 'traditional' and a 'personal' CV
What is the difference between a secured and unsecured bond when posting a bond to get out of jail?
a secured means you either have the money or the property a unsecured means u can use a bail bondsman to get out
What is the difference between riba and interest?
interest is the part of riba.
