Personal Term Loans
A Personal Term Loan is a loan where an individual borrows a fixed amount
and repays it over a set period with fixed or variable interest rates.
Benefits: Predictable monthly payments, flexible terms, and no
collateral required.
Considerations: Requires good credit and may have higher interest rates compared to secured loans.
- Dollar Amount: $50K – $500K
- Term: 5-7 Years
- Buy Rate: 9 – 15%
- Revenue Requirement: $50K of taxable income on PTR’s Time
in Business: N/A Credit Score: 680+ Restricted States: None - Restricted Industries: None
- ABD/Neg Days: N/A Fees: None
- Prepays: N/A
- Commission: 2.5% of the 15% Fee