Rates to expect from personal Line of Credits?
I was recently offered an unsecured line of credit of $25,000 with a rate of 9.30%. This is the result of TD Prime Rate + 6.35%.
Is this a good rate? What rates would you normally expect to have from other banks or institutions? I'm planning on mainly using this to cover unexpected expenses and some investments.
Is this a good rate? What rates would you normally expect to have from other banks or institutions? I'm planning on mainly using this to cover unexpected expenses and some investments.