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October 3rd, 2006, 20:10
| #1 |
| Old Skool  Join Date: Dec 2005 Location: Vegas
Posts: 1,962
|  Lowest rate loan? I'm considering a private loan to finish up flying. (multi + some single time building) Anyone have an idea of who's the cheapest? I know Pilot Finance is quite pricey for a loan. just looking for collective input. thanks.
__________________ Looking for work. Comm Single/Multi 835 TT 13 Multi |
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October 3rd, 2006, 23:11
| #2 |
| Senior Member  Join Date: May 2003 Location: Colorado Springs
Posts: 813
| Re: Lowest rate loan? Try prosper.com It is peer-to-peer lending. Basically you request a loan amount, lets say $10,000. Suppose I've got $1000 to invest. I offer to loan you $1k at a specific interest rate. Other people also bid on your loan. Once your loan has enough bidders anyone else wanting a piece of your loan has to offer a lower interest rate than someone else who already has a chunk of your loan. Go to the website, they explain it much better than I do. Bottom line is you'll probably get a better rate than you would at a bank and investors get a better return on their money. |
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October 4th, 2006, 01:15
| #3 | |
| Old Skool Join Date: Dec 2005 Location: Vegas
Posts: 1,962
| Re: Lowest rate loan? Quote:
__________________ Looking for work. Comm Single/Multi 835 TT 13 Multi | |
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