National Personal Loan Rate Trends
Track weekly average personal loan rates nationwide, compiled from 8,500+ U.S. banks and credit unions. Compare current averages, week-over-week changes, and state-by-state variations.
Current National Personal Loan Rate Trends
National Personal Loan fell 0.063 points this week to 10.672%, down from 10.735% last week.
Personal loan rates are determined primarily by borrower creditworthiness, income, and debt-to-income ratio — not collateral. As unsecured products, they carry higher APRs than secured loans (mortgages, auto loans) but are faster to obtain and more flexible in use. Credit unions consistently offer the most competitive personal loan rates in the market.
Debt consolidation loan rates track closely with general personal loan averages. The key variable is whether the consolidation rate is lower than the weighted average rate of the debts being consolidated — typically high-APR credit cards. For borrowers with 700+ credit scores, credit union consolidation loans often achieve this threshold.
These averages are calculated from 5,247 verified personal loan rate quotes collected across 2,062 banks and credit unions reporting nationally — updated daily by MonitorBankRates.com's proprietary systems. Rates reflect what real licensed institutions are actually quoting, not published rate sheet estimates.
National Personal Loan Rate Trends
Daily average rates since March 15, 2026. Hover over the chart to see exact rates for each day.
Averages from 5,247 rate quotes across 2,062 U.S. banks & credit unions • As of May 3, 2026
Historical Personal Loan Rate Trends
Quarterly average personal loan rates at U.S. credit unions, 1994–present. Different methodology from the daily chart above — this series reflects portfolio rates that credit unions self-report to NCUA each quarter.
Based on reporting credit unions (latest quarter, U.S.).
Source: MonitorBankRates.com analysis of NCUA Call Report data, 1994–present.
Quarterly weighted averages calculated from credit union rate filings, weighted by personal loan portfolio balance.
State-by-State Personal Loan Rate Comparison
Current average Personal Loan APR by state, compared to the national average of 10.672%.
