Personal Loan Rate Trends

Current Personal Loan Rate Trends

Personal Loan fell 0.206 points this week to 10.681%, down from 10.886% 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 5,441 verified personal loan rate quotes collected across 1,980 banks and credit unions reporting from all 50 states — updated daily by MonitorBankRates.com's proprietary systems. Rates reflect what real licensed institutions are actually quoting, not published rate sheet estimates.

Personal Loan Rate Trends

Daily average rates since March 15, 2026. Hover over the chart to see exact rates for each day.

Averages from 5,441 rate quotes across 1,980 U.S. banks & credit unions • As of Jun 17, 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 average of 10.681%.