How lenders decide interest rates
Lenders follow many factors to decide what interest rates they’ll charge. A large factor for lenders is their risk level. When you choose a lender who prefers low risk applicants, they can offer lower interest rates than others.
However, some lenders are willing to approve applicants with a low credit scores. These lenders examine each applicant on their merits and rely less on credit reports. Even if you have a low credit score, provided you have a steady income and can financially afford the loan, it is possible to find a suitable lender. The better your credit history, the better interest rate you can expect on a personal loan offer, as most lenders like to work with customers they consider lower risk.
Secured lending can be cheaper than unsecured. When talking to our Jade representatives we will educate you on all the possibilities to save on your loan rates.
Using Jade to find a personal loan for you means that you can find a lender that will provide you with an affordable loan that fits your financial situation. Your Jade personal loan broker will work with you and compare personal loans to find the most suitable loan.