Right time for loan

Hey,
with the way that the market is going at the moment, Oil prices going up, the cost of living shooting through the roof, is it a good time to get involved in a personal loan, because the government may drop interest rate to alleviate the pressure that has been placed on families?
Cheers

[bjl584]

Re: Right time for loan

More info please. Age? Income? Amount of loan? What are you using it for? Etc.......

[sweeps]

Re: Right time for loan

Rising inflation results in rising interest rates. Not to mention the economy sizzled in the last quarter, believe it or not. So I wouldn't count on interest rates dropping much if at all.

[disneysteve]

Re: Right time for loan

is it a good time to get involved in a personal loan,

There's never a "good" time to take a personal loan unless there is some significant financial need that you have to meet. I don't think economic conditions matter one way or the other.

Why are you in need of a loan? What will you be using the money for?