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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%.
Impact of the Fed rate hike on personal loans. Interest rates are the amount of interest due per period on a loan. They are typically expressed as an annual percentage of the loan amount due.
The average personal loan interest rate for borrowers with excellent credit is between 10.73 percent and 12.5 percent. But if your credit score is categorized as average — or 630 to 689 — the ...
Consolidate high-interest debt like credit cards or personal loans into your mortgage, ... If you already have a low fixed-rate mortgage (say 3%), taking a new loan at today's higher rates (around ...
Potentially high rates. Interest rates on personal loans can vary significantly based on your credit score, ranging from 7% up to a whopping 30% or higher. Higher rates can substantially increase ...
Not only will consolidating your credit card debt simplify your repayment process, it can also save you thousands of dollars in interest accrual, as personal loans have an average interest rate of ...
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