what is the interest rate on personal loans

Best answer

10% to 28%

People also ask

  • What is a good interest rate for a personal loan?

  • A good interest rate on a personal loan depends on your credit score. In general, you should look for a rate below the average APR 鈥?10.3 percent to 12.5 percent for excellent credit, 13.5 …

  • Is personal interest required on a personal loan?

  • Personal interest is required on a wide range of personal loan products. Product options will have varying benefits and interest rates charged to borrowers. Generally, a borrower鈥檚 credit profile will be a significant factor influencing the rate of interest that they are obligated to pay.

  • What is personal interest?

  • Personal interest is the interest paid on personal and consumer loans. The benefits and interest rates involved with a loan will vary greatly based on loan type.

  • What is the average personal loan interest rate in 2021?

  • Personal loan interest rates currently range from about 3 percent to 36 percent, depending on your credit score. As of July 7, 2021, the average personal loan interest rate is 10.49 percent.

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