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Key takeaways. The current average personal loan interest rate is 12.36%. Excellent credit results in the lowest rates — and poor credit may have rates over 30%.
Advertised interest rates range from 8% to 36%, though the average interest rate on a two-year personal loan was 11.92% as of May 2024, according to the Federal Reserve Bank of St. Louis.
Personal loan interest rates are typically lower than credit card rates. Loan amount: Around $1,000 to $50,000. Average interest rate: 12.38 percent (as of July 31, 2024)
The average personal loan interest rate for borrowers with excellent credit is between 10.73 percent and 12.5 percent. But if your credit score is categorized as average — or 630 to 689 — the ...
The average personal loan interest rate as of March 20, is 12.10 percent. Though further rate hikes are unlikely, rates remain at historic highs. How the Fed impacts fixed vs. variable-rate loans .
Higher interest rates. The current average personal loan interest rate is 12.21 percent. But, as a fair credit borrower, you can expect to get an interest rate between roughly 18 percent and 32 ...
Personal loan interest rates have hit an all-time high this year, with the average rate currently sitting at 11.54 percent. Borrowers in good credit health with an excellent score are more likely ...
The average personal loan interest rate is currently 12.18 percent, meaning borrowers who struggle with credit are likely to receive even higher rates. Lender fees: Individual lenders have their ...