QUOTE(fareast @ Nov 13 2008, 04:54 PM) [snapback]4007161[/snapback]
anyone know a good bank with good interest to take a personal loan from? this will be my first time so I'm kinda worry. Thx
I'm going to have to assume that you are a student as this was posted in the Education Chat. If so, then it would behoove you to take out a federally guaranteed loan over a private loan with a variable rate. I believe STAFFORD is set at a fixed rate of 6.8% and if you are graduate student then you can apply for a gradPLUS loan that currently is at a fixed rate of 8.5% until 2013. That way, you can see if you can qualify for pell grants and subsidized STAFFORD loans, etc. before you resort to taking out a private loan.
I believe the interest rate of private loans will fluctuate on a monthly or quarterly basis according to the current Prime Rate, LIBOR, etc. The standard terms and conditions probably do not differ all that much between lenders.
This is a pretty helpful site:http://www.finaid.org/
If you're Canadian, then I guess it would be different. I have friends in dental school in the states who are from Canada and they have to take out private loans from the area of their established residence to pay for a whopping $$ in tuition and some of them live in Boston and Manhattan so they're also taking out a lot for their living expenses but I don't know anything about the types of loans that they are getting so I can't help you there.