A good personal loan interest rate is one that's at or below the national average, but getting a good APR on a personal loan depends on your credit score and debt-to-income ratio, among other factors.
How to get a low interest rate on a personal loan The average rate for a 24-month personal loan is 8.73%, according to the most recentFederal Reserve data. However, this average rate has been sliding since 2018, when it was 10.32%. It's also important to remember that these are just ...
And if you’re willing to provide upfront collateral, a secured personal loan also has lower borrowing costs. Lender:Loan Amount:APR:Min. Credit Score:Best For: To find the best personal loans for good credit, see our marketplace. It has several competitively-priced products issued by the...
Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production. ...
Your personal loan APR will be decided based on your credit score, credit history and income, as well as other factors like the loan's size and term. Some of these factors you can control; some might be out of your hands. As you begin to search for a personal loan, it can be helpf...
Be cautious when doing this though, since your relationship with the cosigner could be harmed if you fail to pay off your loan and they’re left with the bill. What is a good APR for a car loan? A good APR is, like interest rates, one that is as low as possible. They ...
Even if you plan to pay your credit card bill in full each month and avoid interest altogether, understanding what’s considered a good rate can be helpful. As a rule, excellent-credit applicants have no trouble qualifying for the best rates. But what is a good APR for a credit card?
Consolidate your personal debt TheChase Slate®card,for example, gives you a 0% APR for a full 15 months, and all without a balance transfer fee of any kind.With this offer, you could transfer several high-interest debts and save hundreds – or even thousands of dollars – over the int...
Name APR Min. credit score Loan amount Best Egg personal loans Finder Score: 3.8 / 5: ★★★ 7.99% to 35.99% 640 $2,000 to $50,000 Fast and easy personal loan application process. See options first without affecting your credit score. Go to siteView details Compare Upstart personal...
you will know exactly when you’ll be debt-free. Discover Personal Loans lets you choose how long you’d like to repay your loan—from 36 to 84 months. With Discover Personal Loans, for example, if you get approved for a $15,000 loan at 12.99% APR for a term of 72 months, you’...