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Looking to get a loan for a business investment opportunity but with the rates for unsecured loans around 15% in Australia it makes the investment a little bit more risky than it needs to be. Is it possible to benefit from the lower rates overseas if you can prove a good capacity to pay that loan?
Any replies much appreciated.
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We are experiencing banks in the US going under because of bad morgages. The credit supply is very tight now. the US government is going to bail out banks with trillions of dollars to get lending flowing again. It is unlikely that you can get an unsecured loan in the US.
Australian credit history is not valid in the US
Joseph MBA
http://www.mbacalculator.com