Hi
Just wondering, does anyone have any experience with these ?
- at first glance, the rate looks good with a 7.75% APR quoted, but when one commences the application process online, they soon see this message:
How does one qualify for the 7.75% APR, or is it at "the descretion" of the lending institution (which I think is actually GE Money ?) ?
Also, any idea if there is a penalty for an early repayment of the loan ?
Cheers
G>
Just wondering, does anyone have any experience with these ?
- at first glance, the rate looks good with a 7.75% APR quoted, but when one commences the application process online, they soon see this message:
The repayment amount shown above is based on a monthly repayment plan, using an APR of 7.75%. Please contact us for more details on the application of the APR and rates that are charged in connection with these loans.
Please note: the rate you will receive on your EBS Personal Loan may range from 7.75% to 12.20% APR.
The actual rate to be charged will be specified at the time of credit decision and will be contained in your loan agreement. The above APR figure is indicative only.
How does one qualify for the 7.75% APR, or is it at "the descretion" of the lending institution (which I think is actually GE Money ?) ?
Also, any idea if there is a penalty for an early repayment of the loan ?
Cheers
G>