Welcome to LiquiLoans | Personal loans starting from 11% (2024)

FAQs

Is 11% interest on a personal loan high? ›

In general, the higher your credit score, the lower the rate will be. Individuals with excellent credit, which is defined as any FICO credit score between 720 and 850, should expect to find personal loan interest rates at about 9% to 13%, and many of these individuals may even qualify for lower rates.

Deciding what constitutes a good APR for a personal loan therefore relies on various factors. Personal Loan APR: The suitability of an annual percentage rate (APR) for a personal loan varies based on several factors but typically ranges between 6% and 12%.

Liquiloans personal loans interest rates start from 11% p.a. for loan amounts of up to Rs 10 lakh and repayment tenures of up to 3 years.

Lenders can expect a net pre-tax yield ranging upto 7.50% to 10% XIRR Max. on the net invested amount. LiquiLoans (NDX P2P Private Limited), however, does NOT guarantee any returns. In the past, our Lenders have earned an average return up to 10.5% - 12% XIRR depending on the scheme opted by them.

Avoid loans with APRs higher than 10% (if possible)

“That is, effectively, borrowing money at a lower rate than you're able to make on that money.”

Flexi Says: An interest rate of 11 percent means that for every 100 units of currency (e.g., dollars, euros, etc.) you have invested or borrowed, you will earn or owe 11 units of currency as interest.

In the event of cancellation of services due to any avoidable/unavoidable reasons we must be notified of the same in writing at info@liquiloans.com / customercare@liquiloans.com. Cancellation request should be placed within 24 hours of agreement.

What is a Liqui loan? ›

Liquiloans is a Peer to Peer Lending platform founded by Achal Mittal and Gautam Adukia who have previously co-founded a successful rental platform 'Rentomojo'.

How do you know if the interest rate you're offered is good for you? A good personal loan interest rate depends on your credit score: 740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit)

LiquiLoans is an RBI Regulated Peer-to-Peer (P2P) Non-Bank Finance Company (NBFC) providing a lending platform that connects prime retail (creditworthy) borrowers and lenders in order to facilitate retail loans (largely no-cost emi consumer loans).

A problem loan is one of two things: a commercial loan that is at least 90 days past due, or a consumer loan that is at least 180 days past due. If a bank has 500 loans and 10 of them are problem loans, the problem loan ratio for this bank would be 1:50, or 2%.

P2P lending can be riskier than traditional lending. That's because there's a higher risk of default, so lenders are more likely to lose money. In exchange for the additional risk, however, P2P lenders usually charge a higher interest rate, which can help offset the risk of losing money.

At this time, 10% is a good interest rate for a personal loan for a borrower with good credit. Anything below the national average personal loan interest rate, set by the Federal Reserve, is considered a good personal interest rate. Borrowers with poor credit scores will likely be offered a higher interest rate.

A good personal loan interest rate depends on your credit score: 740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit) 580 to 669: Around 18% (look for loans for fair credit)

What is a high-interest loan? A high-interest loan has an annual percentage rate above 36%, the highest APR that most consumer advocates consider affordable.

Yes, 12% is a good personal loan rate because it is below the market average. Applicants with a credit score of 660 to 850 could qualify for a personal loan with a 12% APR if they choose the right lender and have enough income to afford the loan.