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coolcloo1019
04-29-2008, 05:00 PM
Do banks give out small loans for say $2000 or so? I've got the money but I'd rather pay it off in a few payments than all at once. Any ideas?
Strangeholliday
04-29-2008, 05:02 PM
Yea.. The rate is less than desirable but yes you can get a personal loan for that amount.
clear
04-29-2008, 05:14 PM
Yea www.eloan.com www.bankrate.com
Joe
04-29-2008, 05:23 PM
If you're a member of a CU, they do this for a not so bad rate...
coolcloo1019
04-29-2008, 07:10 PM
If you're a member of a CU, they do this for a not so bad rate...

Unfortunately, I'm not a member of a credit union.
XtremeVision
04-29-2008, 10:55 PM
Go to the Bank or join a credit union, they will put a hold on your money and let you borrow against it at a very low rate. When you make a payment, that amt becomes freed up. So as you pay it down, your money is free. You can pay it off at anytime. This might be what you want to do.
Strangeholliday
04-30-2008, 10:29 AM
Unfortunately, I'm not a member of a credit union.

wherever you bank.. you can get this done.. what kind of term do you want? usually its pretty short..
coolcloo1019
04-30-2008, 10:30 AM
Go to the Bank or join a credit union, they will put a hold on your money and let you borrow against it at a very low rate. When you make a payment, that amt becomes freed up. So as you pay it down, your money is free. You can pay it off at anytime. This might be what you want to do.

If there's going to be a hold on it anyways and it not be available to me, why wouldn't I just take out the money and use it from my bank account and not pay any interest rate on it and pay it back as I please? I'm lost on that one.
Strangeholliday
04-30-2008, 10:30 AM
Go to the Bank or join a credit union, they will put a hold on your money and let you borrow against it at a very low rate. When you make a payment, that amt becomes freed up. So as you pay it down, your money is free. You can pay it off at anytime. This might be what you want to do.

+1 yep.. This is also a great way for a young adult to establish some credit easily..
MianoSM
04-30-2008, 11:01 AM
I believe your looking for a "signature loan".

Call your bank, or walk in and talk to a loan officer. It shouldn't be a problem if your credit is in good standing.
coolcloo1019
04-30-2008, 11:52 AM
I believe your looking for a "signature loan".

Call your bank, or walk in and talk to a loan officer. It shouldn't be a problem if your credit is in good standing.

Yeah, I will talk to someone at the bank. Thanks for the suggestions.
Grangalan
05-07-2008, 10:25 AM
Yea Unsecured Personal Loan is the way to go in this matter. Kind of a crappy Interest rate but you shouldnt have a problem with the money