AVOlio wroteThat's some good info @Gamer, thanks.
From the second link that you provided, the lowest interest rate that I saw was with Emirates Lebanon Bank at 7.3%
Just make sure you add fees and other charges to calculate the true borrowing rate. With the way they calculate loans here, a $10,000 loan for 5 years at 5% interest will run you about $208 per month (10,000 + (5*(.05*10000))/60). If they add in some bs fee, stamps and other stuff say for 200 a year, then your effective interest interest rate would be higher. Based on the simple interest they use in the US and UK, the effective rate on the first loan is close to 8% and the second loan is closer to 10%.
The loans here are calculated in full with the total amount of interest worked into the initial loan amount (so loan would be 12500, not 10000) while the loans in the US and UK only base the interest on the amount of the loan still outstanding so you could prepay them and pay less interest while the loans here do not give you a good reason to prepay.
