Anyone applied for a personal loan for a $100,000? What's the APR? How tough is the approval process? Any info will be of great help.
What do you want to do with it my friend? Hope itβs epic.
Pay off my home loan in India which is financed at 9% APR
1. It's no guarantee that you get personal loan at 6%, it starts at around 6% 2. If you are trying to save 3% in interest, also consider exchange rate fluctuations. It could easily work in your favor or against at 3% margin
How much in the home loan?
About a 150k usd
When did you take the home loan? The banks charges max interest in the first 4 years. So if it's around 4 years ago then no point paying it off. But if it's just recent, personal loan at lesser APR makes sense. Do you have a good credit score?
OP: did you avail the loan from USA?
Terrible idea.
Not so much if you TC is 400k