Typical interest rate on financing training package

Hey guys,

You know training companies tend to offer finance packages for their training?

Do you know roughly what percentage they tend to offer?

5%? 10%?

Some brokers do but do not be tempted

Always visit before paying any money etc

Training companies don’t set the rate of interest at which they lend money. Money is lent by various credit sources, banks etc, and they will set the interest rate based on your credit score, personal income, other outstanding debts etc in much the same way as if you were to go directly to a bank and ask for a loan.
Sometimes the best way to pay for training if you don’t have the cash saved up is to apply for a credit card that offers 0% on purchases and use that to pay for your training

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The best finance rate has to be 0% - as on a 0% credit card.

I believe our finance provider is 19.9%.

Hope this helps, Pete :laughing: :laughing: