What do you think of 77% interest for a 2yr loan?

Is it too high for a $10K private loan i.e. from a loan shark? Or is it about the average? Don%26#039;t compare the rate to the banks%26#039; instead compare it to other private loans you know of.

Thanks.

What do you think of 77% interest for a 2yr loan?honda finance

i think it is about 35% to high!!!

What do you think of 77% interest for a 2yr loan? loan

A private loan (person to person) can be ANYTHING they want - 100%; all they need is for you to agree.|||its daylight robbery - pure and simple. U shoulnt pay anything higher than 30%|||I think a loan from a loan shark is a really stupid idea. What do you need 10 grand for?

I did the maths. Your weekly repayment would be $210 a week, over 2 years. You will pay $10341 in interest on top of the $10000 you%26#039;re paying back. That%26#039;s over double what you borrowed!

A private loan should be no more than about 24% and even that is exorbitant. Go to a bank or something. I am sure someone will lend you money at a less crippling interest rate.

Seriously, do you really need the burden of those kinds of repayments and the risk of broken kneecaps?|||Probably best to have a rest.looks like you can get some ideas here.http://loan.online-supporthome.info/home...