How Can I Get A Loan With A 3-5% Interest Rate If I Have No House?

There are different kinds of Loans which one can achieve at low rates. It is not necessary that you own a house to obtain a loan. There are different financial institutions which cater different kind of customer needs by offering them customized products. One way of getting a cheaper loan is by pledging the Government Securities with the bank if you own them.  Other Option is you can get funding against the mutual fund units if you hold them.

Most of the times the parent institution of mutual fund is a bank which offers its mutual fund unit holders to obtain loan by pledging those units with the financial institution. The rule is very simple. The more liquid your security is lesser rates you will get at which you can enjoy the loan. Thinking of getting an unsecured loan at the rates between 3 and 5% is almost impossible until your financial institution offer them at monthly rates which is the case with most of credit card service providers because they charge 2 to 3% interest rates monthly on outstanding amounts against your credit card bills. Another way of getting a loan at that price is to ask your friend to lend money to you at this price and if he agrees you can really get a cheap loan.