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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.
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
Personal loans often come with lower interest rates than credit cards. As of July 2024, the average personal loan rate is 12.38 percent, while the average credit card rate is 20.73 percent.
Personal loan and interest rate statistics. The average personal loan interest rate is 12.36%. ... The Today Show. Kia recalls more than 80,000 vehicles over airbag and seat belt issue.
The average interest rate on a three-year personal loan from a credit union is 10.58 percent, ... The Today Show. Kia recalls more than 80,000 vehicles over airbag and seat belt issue.
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