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  1. #1
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    Default % interest rate for long term deposits. Best deals?

    Wondering how much is the rate for bank deposits in pesos for one year or so.
    I always was told % is very high. Any good option. Bank websites dont give those numbers....
    Cheers!

  2. #2
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    You get better rates on personal loans in pesos at this time. Lots better. Just make sure the collateral is there.

  3. #3
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    Quote Originally Posted by Castellamonte View Post
    You get better rates on personal loans in pesos at this time. Lots better. Just make sure the collateral is there.
    I agree. Personal loans are the way to go now but make sure, I mean 100% sure, you dont lend any money without collateral. Be it the title to a property, the title to a car. Probably your best bet would be to find a lawyer that is already doing this. He will look into the collateral to make sure it is legit and no other liens are present. Image someone tells you they want to borrow $1M pesos and they hand you a fake title of a property; how would you tell its fake?

  4. #4
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    I now a guy who was in the loan bus, He ended up getting beatin to death and thats after they got him to hand over all of the loan agreements, nobody was ever caught.

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