# Loan percentage
**URL:** https://forums.speedlife.net/t/loan-percentage/41822
**Category:** NYSpeed Off Topic
**Created:** [January 14, 2008, 1:43pm UTC](https://forums.speedlife.net/t/loan-percentage/41822 "2008-01-14T13:43:09Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@ldiablo233](https://forums.speedlife.net/u/ldiablo233)
#### Post date: [January 14, 2008, 1:43pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/1 "2008-01-14T13:43:09Z")
On average what would be the total payback of a $500 loan?
Quickest payments made,paid off early(if it helps).
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### Author:  [@bracketracer](https://forums.speedlife.net/u/bracketracer)
#### Post date: [January 14, 2008, 1:47pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/2 "2008-01-14T13:47:02Z")
:wtf:
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### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [January 14, 2008, 1:52pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/3 "2008-01-14T13:52:30Z")
> [@ldiablo233"](#):
>
> On average what would be the total payback of a $500 loan?
> Quickest payments made,paid off early(if it helps).
umm the quickest woudl be next day… with 1 payment of 500 dollars…
seriously… dude…:lolham:
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### Author:  [@Boomin99GT](https://forums.speedlife.net/u/Boomin99GT)
#### Post date: [January 14, 2008, 2:01pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/4 "2008-01-14T14:01:20Z")
$500 loan? Ask family/friend to burrow $500 bucks? I dunno who burrows $500?
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [January 14, 2008, 2:06pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/5 "2008-01-14T14:06:32Z")
[http://www.finaid.org/calculators/loanpayments.phtml](http://www.finaid.org/calculators/loanpayments.phtml)
Lets say 6 months at 18% interest:
Loan Balance: $500.00
Adjusted Loan Balance: $500.00
Loan Interest Rate: 18.00%
Loan Fees: 0.00%
Loan Term: 0 year
Minimum Payment: $50.00
Monthly Loan Payment: $87.76
Number of Payments: 6
Cumulative Payments: $526.58
Total Interest Paid: $26.58
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### Author:  [@Boomin99GT](https://forums.speedlife.net/u/Boomin99GT)
#### Post date: [January 14, 2008, 2:07pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/6 "2008-01-14T14:07:32Z")
Will a bank give you a $500 loan? Just get a credit card and make payments if whatever your buying will accept a CC.
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### Author:  [@nitroinsane](https://forums.speedlife.net/u/nitroinsane)
#### Post date: [January 14, 2008, 2:11pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/7 "2008-01-14T14:11:47Z")
this a personal loan honestly is it needed? if you need 500 dollars i am going to go out on the limb say your credit score isnt very high. so you will probably need a co signer, your best bet is to save the money.
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### Author:  [@ldiablo233](https://forums.speedlife.net/u/ldiablo233)
#### Post date: [January 14, 2008, 2:56pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/8 "2008-01-14T14:56:01Z")
Thanks Fry,500 is the minimum for banks I’m just trying to get a motor at a great price before its sold and haven’t started my job yet.I don’t have any credit,but the application went through I just need to find someone to have it sent to their bank account cause I don’t have that either.Never needed one always paid off the books and had someones bank account for paypal or money orders. I don’t have anyone to borrow money from,people usually borrow from me lol.And frankly I’m sick of my car being broke and taking the bus in the freezing cold.
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### Author:  [@02svtfocus](https://forums.speedlife.net/u/02svtfocus)
#### Post date: [January 14, 2008, 3:06pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/9 "2008-01-14T15:06:21Z")
what motor are you buying
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### Author:  [@66impalass](https://forums.speedlife.net/u/66impalass)
#### Post date: [January 14, 2008, 3:11pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/10 "2008-01-14T15:11:33Z")
wow, this thread just seems shady
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### Author:  [@ldiablo233](https://forums.speedlife.net/u/ldiablo233)
#### Post date: [January 14, 2008, 3:14pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/11 "2008-01-14T15:14:44Z")
2.4 dohc srt4 pistons,rods,seals,pumps,new bearings…
the pistons and rods are like 900 alone new.
whats shady about it lol^?I don’t know anything about loans,banks,credit cards,mortages,pretty much any type of debttype/saving things.
and so I don’t have to start another thread is 1000cc enough for a turbo build?
and what advantages of getting aftermarket cams,just the ability to adjust?
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [January 14, 2008, 3:22pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/12 "2008-01-14T15:22:09Z")
Oh boy.
1000cc injectors?
How much time have you spent researching what you are doing?
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### Author:  [@ldiablo233](https://forums.speedlife.net/u/ldiablo233)
#### Post date: [January 14, 2008, 3:27pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/13 "2008-01-14T15:27:24Z")
I’ve got all the turbo stuff down,but I forgot about the injectors,plus I went by lbs.
The guy selling me the engine said hes got some “1000cc injectors,500HP+ clutch,etc for a turbo build”,so I figured thats enough since he knows what he’s talking about.
and about the loan,if I get it sent to someone elses bank,they won’t have any trouble from the bank right?
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### Author:  [@02svtfocus](https://forums.speedlife.net/u/02svtfocus)
#### Post date: [January 14, 2008, 3:29pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/14 "2008-01-14T15:29:30Z")
just get a certified check
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [January 14, 2008, 3:31pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/15 "2008-01-14T15:31:19Z")
Typically the bank will give you a check, which in this case the best way to go would probably be to deposit into your account and bring the seller cash since it’s a pretty small amount. Unless you aren’t meeting face to face, in which case someone else will have to chime in with the most secure way to handle that…
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### Author:  [@ldiablo233](https://forums.speedlife.net/u/ldiablo233)
#### Post date: [January 14, 2008, 3:40pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/16 "2008-01-14T15:40:40Z")
ya i’d be with my friend to cash it,then pick up the engine with cash.
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### Author:  [@Justin](https://forums.speedlife.net/u/Justin)
#### Post date: [January 14, 2008, 4:55pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/17 "2008-01-14T16:55:26Z")
:picard: No job and trying to borrow money. :picard: X10000000
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### Author:  [@JustinH](https://forums.speedlife.net/u/JustinH)
#### Post date: [January 14, 2008, 5:35pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/18 "2008-01-14T17:35:17Z")
sounds like you should be driving a 500 dollar car
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### Author:  [@nitroinsane](https://forums.speedlife.net/u/nitroinsane)
#### Post date: [January 14, 2008, 5:57pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/19 "2008-01-14T17:57:28Z")
he is.
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### Author:  [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [January 14, 2008, 6:01pm UTC](https://forums.speedlife.net/t/loan-percentage/41822/20 "2008-01-14T18:01:41Z")
i still think you should make 40K or higher just to sign up here.
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