The current average personal loan interest rate is 12.37%. Excellent credit results in the lowest rates — and poor credit may have rates over 30%. Other aspects of your finances, like DTI and income, affect the rate you’re offered. ...
study, the average personal loan interest rate is 12.46 percent as of Jan. 29, 2025. The rate you get depends on factors like your credit score, the type of lender you apply with and even where you live. Followpersonal loan ratetrends and compare lenders to score a competitive rate. ...
Average Interest Rate on a Personal Loan In 2024, the average personal loan interest rate fluctuated. By September, it was 25.94%. The rate you pay will depend on the lender and your credit score. Secured personal loans may come with lower rates than unsecured loans. It's smart to shop...
Last updated 03/26/2024 by Miron Lulic Edited by Andrew Latham Fixed Interest Rates 5 more Our analysis of personal loan interest rates shows a wide price dispersion. This means consumers are paying more than they should for credit. The good news is financial technology tools can help reduce...
The best personal loan lenders of 2024 Best for flexibility:LightStream Personal Loans Best for debt consolidation:Happy Money Best for refinancing high-interest debt:SoFi Personal Loans Best for smaller loans:PenFed Personal Loans Best for next-day funding:Discover Personal Loans ...
Interest rates range from 8.99% to 25.49% after applying discounts. SoFi is unique in offering ways to reduce your interest rate further. For example, you can shave 0.25% off your loan interest rate by establishing autopay. This extends to another 0.25% with money direct deposits into a SoFi...
But a really good credit profile is one that will get you the lowest personal loan interest rate possible. While 580 may be enough to get a loan, you may need to score well above 700 to get the best rate. Part of having good creditworthiness will be maintaining a relatively low credit ...
What is a personal loan? How and where do you get one and what is required to qualify? Browse Investopedia’s expert-written library to learn more.
Loan AmountsInterest RatesLoan Repayment TermsFees Discover 3.6 Short-term loans $2,500 to $40,000 6.99% to 24.99% 36 to 84 months Late fees LendingPoint 4 Fast funding $2,000 to $36,500 7.99% to 35.99% 24 to 60 months Origination and late fees LightStream 4 Low interest rate $5,...