The Top 5 Personal Loans with the Lowest Interest Rates


If you’re looking for a personal loan but don’t know where to start, this article is for you. We’ll discuss the top loan options available, including the average interest rate you can expect to pay.

The average interest rate on personal loans.

By credit score, the average interest rate for personal loans

Credit rating Average interest rate for loans
720-850 10.3%-12.5%
690-719 13.5%-15.5%
630-689 17.8%-19.9%
300-629 28.5%-32.0%

The national average personal loan interest rate.

The average interest rate for bank-issued personal loans with terms of two years is tracked by the federal reserve. This rate is considerably less than the average personal loan apr nationwide.
Average personal loan apr from banks over 24 months.

Year Personal loan apr on the average
2020 9.65%
2019 10.36%
2018 10.32%
2017 10.13%

The average interest rate on a personal loan in 2021.

By credit score, the average interest rate for personal loans

Credit rating Aprs for personal loans on average
720-759 13.32%
680-719 17.82%
640-679 22.16%
As of april 2021, rates

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