Maryland Best Personal Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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Maryland personal loan rates range from 4.99% to 28.00% APR, verified by MonitorBankRates as of October 13, 2026. Current personal loan options available to borrowers in Maryland include: Freedom Of Maryland Federal Credit UnionFreedom Of Maryland Federal Credit Union1304 E Churchville Rd, Bel Air, MD, 21014A5.0 ★Texas Ratio: 12.84% offering Debt Consolidation Loan at 4.99% APR, Har-co Credit UnionHar-co Credit Union30 N Hickory Ave, Bel Air, MD, 21014 3249A5.0 ★Texas Ratio: 9.57% offering Personal Loan at 5.74% APR, Aberdeen Proving Ground FCUAberdeen Proving Ground FCU996 Beards Hill Rd # Rt, Aberdeen, MD, 21001 1733A+5.0 ★Texas Ratio: 4.35% offering Personal Loan at 6.59% APR, Dexsta Federal Credit UnionDexsta Federal Credit Union975 E Pulaski Hwy, Elkton, MD, 21921 6357A5.0 ★Texas Ratio: 6.88% offering Personal Loans at 6.99% APR, and Signal Financial Federal Credit UnionSignal Financial Federal Credit Union3015 University Blvd W, Kensington, MD, 20895 1936A+5.0 ★Texas Ratio: 4.25% offering Signature Loan at 6.99% APR. Personal loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across Maryland side-by-side. Maryland personal loan rates currently start as low as 4.99% APR from Freedom Of Maryland Federal Credit Union at 1304 E Churchville Rd, Bel Air, MD, 21014. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in Maryland.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Maryland. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: October 13, 2026
Maryland Personal Loan Rates
Rate quoted based on 36 month term, $1,000 up to $30,000; Rates available on approved credit; 0.25% discount with e-Statements and automated payments on select collateral loans
As low as; A loan for anything in your life. Vacations, weddings, medical costs, adoption costs, and much more. A fixed term low rate personal loan can help. We're here to help you get the right loan personalized for your unique situation.
Includes .25% auto pay rate discount.
- Oct 4, 20266.59%▲ from 6.49%
- Sep 16, 20266.49%first recorded
No additional details available.
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
As Low As; Loan amounts of $500 - $30,000
$500; As Low As; Loan amount $500 to $25,000
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
No additional details available.
As Low As; Minimum Loan Amount: $200
As Low As; APR based on member credit history
No additional details available.
Additional APR listed for this product: 9.49%, 9.75%, 11.75%, 12.00%. As Low As
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
As Low As; Personal Loans
As Low As
No additional details available.
Maximum APR: 18.00%. Signature rates include discounts for automatic payment and discounts under the Member Loyalty Program. Total rate discounts cannot exceed 1.50%. Rates, terms, and conditions vary based on creditworthiness and other qualifications and are subject to change. Payment examples do not include debt protection coverage. APR as low as
As Low As; Amount financed: up to $20,000
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
As Low As; Amount: $500+; APR* (As low as)
No additional details available.
No additional details available.
As Low As; quick funding, no application fees, and no payment for 45 days.
- Oct 7, 20268.04%▲ from 7.79%
- Sep 15, 20267.79%first recorded
As Low As
Includes .25% auto pay rate discount.
- Oct 4, 20268.29%▲ from 8.19%
- Sep 16, 20268.19%first recorded
As Low As; Rate determined by credit score; Floor rate 3.5%, maximum 18%; No annual fee
As Low As; APR based on member credit history
As Low As; Loan amounts of $5,000 - $30,000
As Low As; Amount: $500/$15,000
- Oct 13, 20268.50%▲ from 8.25%
- Sep 14, 20268.25%first recorded
Credit Score: 750+; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As
No additional details available.
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
As Low As; summary rate from Personal Loans overview card
Borrow $500 to $50,000
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 20268.99%▲ from 8.49%
- Sep 14, 20268.49%first recorded
As Low As; Amount: $7,500+; APR* (As low as)
As Low As; Rates based on approved credit
$500; As Low As; Loan amount $500 to $25,000
As Low As; Amount: $1,000/$15,000
As Low As; Minimum Loan Amount: $5,000
APR is based on evaluation of applicant's credit. Your actual APR may vary. Not all will qualify for the lowest rate. Not all will be approved.
As Low As; Variable consumer loan rate as of August 1, 2026; Minimum loan $500; Min. APR for variable rate unsecured financing is 6.00% (except promotions); Max. APR for variable rate financing is 18%
- Oct 13, 20269.25%▼ from 10.75%
- Sep 17, 202610.75%first recorded
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Includes .25% auto pay rate discount.
- Oct 4, 20269.29%▲ from 9.19%
- Sep 16, 20269.19%first recorded
No additional details available.
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 20269.49%▲ from 9.24%
- Sep 14, 20269.24%first recorded
As Low As; Up to $5,000 per signature; Terms of 12 to 60 Months
As Low As; Variable consumer loan rate as of August 1, 2026; Minimum loan $5,000; Min. APR for variable rate unsecured financing is 6.00% (except promotions); Max. APR for variable rate financing is 18%
- Oct 13, 20269.50%▼ from 11.00%
- Sep 17, 202611.00%first recorded
No additional details available.
Loan rates are tier-based and priced according to members' individual credit ratings.
As Low As; Variable consumer loan rate as of August 1, 2026; Minimum loan $10,000; Min. APR for variable rate unsecured financing is 6.00% (except promotions); Max. APR for variable rate financing is 18%
- Oct 13, 20269.75%▼ from 11.25%
- Sep 17, 202611.25%first recorded
No additional details available.
Rate Discount: as low as 9.74%
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 20269.99%▼ from 10.49%
- Sep 14, 202610.49%first recorded
$500; As Low As; Loan amount $500 to $25,000
Amount: $2,500.00 or more; As Low As
As low as
As Low As; Signature Loans rates effective as of April 1, 2026
As low as
APR=Annual Percentage Rate. Personal Loans $1,000 or less, have a fixed rate of 18.00% APR. Maximum term = 24 months.
- Oct 6, 202610.00%▼ from 10.99%
- Sep 30, 202610.99%first recorded
As Low As; includes a 0.25% discount for enrolling in automatic payments. Existing Citi customers with an eligible checking or savings accounts, or a Citi credit card, may be eligible for up to $50,000. Rates as of 9-29-2026. Your APR may be as high as 18.49% for the term of your loan. The lowest rate quoted assumes excellent credit, a loan term of 36 or 48 months, and includes a.25% APR discount for enrollment in automatic payments at the time of loan origination. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. If you are in default, your APR may increase by 2.00%. Rates subject to change without notice.
- Oct 7, 202610.24%▲ from 9.99%
- Sep 27, 20269.99%first recorded
Rate Discount: as low as 9.99%
Rates current as of September 30, 2026
- Oct 9, 202610.24%▲ from 9.99%
- Sep 22, 20269.99%first recorded
As Low As; Loan amount: $500-$30,000*; Monthly payment per $1,000 borrowed: $32.38 (not a rate); Fixed APR
As Low As; Signature Loans rates effective as of April 1, 2026
No additional details available.
Rate Discount: as low as 10.24%
As Low As; Personal Loans
As Low As; APR* as low as
- Oct 4, 202610.49%▲ from 9.99%
- Sep 12, 20269.99%first recorded
As Low As
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 202610.49%▼ from 10.74%
- Sep 14, 202610.74%first recorded
No additional details available.
As Low As; Signature Loans rates effective as of April 1, 2026
Maximum Loan Amount: $6,000
Includes .25% auto pay rate discount.
- Oct 4, 202610.54%▲ from 10.44%
- Sep 16, 202610.44%first recorded
Credit Score: 700-749; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As; Payment Example ($20,000 Loan Amount): 60 Payments of $431.76
Rate Discount: as low as 10.49%
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; $500 minimum
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; Minimum loan $500
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Includes .25% auto pay rate discount.
- Oct 4, 202610.79%▲ from 10.69%
- Sep 16, 202610.69%first recorded
Rate Discount: as low as 10.74%
As Low As; APR* as low as
- Oct 4, 202610.99%▲ from 10.49%
- Sep 12, 202610.49%first recorded
As Low As; Fixed rate; APR (1) as low as
As Low As; Loan amount: $2,500-$30,000*; Fixed APR
Amount: $1,001.00 - $2,500.00; As Low As
No additional details available.
As Low As; Signature Loans rates effective as of April 1, 2026
As Low As; Amount: $15,000.01/$25,000
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; $5,000 minimum
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; Minimum loan $5,000
APR is based on evaluation of applicant's credit. Your actual APR may vary. Not all will qualify for the lowest rate. Not all will be approved.
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; $10,000 minimum
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; Minimum loan $10,000
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
No additional details available.
As Low As; APR* as low as
- Oct 4, 202611.49%▲ from 10.99%
- Sep 12, 202610.99%first recorded
As Low As
- Sep 18, 202611.49%▲ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; Personal Lending Rates
As Low As; Loan amount: $5,000-$30,000*; Fixed APR
No additional details available.
As Low As; Signature Loans rates effective as of April 1, 2026
As Low As; APR* as low as; >$10,000
- Oct 4, 202611.99%▲ from 11.00%
- Sep 12, 202611.00%first recorded
Term: Flexible terms available; As Low As; APR shown is for applicant with credit scores 735 or higher; Rates apply to new loans to Patriot; Rates effective as of September 2, 2026
For anyone interested in a quick and easy loan. All personal loans approved in the amount of $2,999.00 or less will be granted at an 18.00% APR.
Credit Score: 650-699; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
As Low As; Signature Loans rates effective as of April 1, 2026
As Low As; Minimum loan amounts apply
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Credit Score: 600-649; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
As Low As; Loan Amount: $1,000 (minimum loan amount); $20.00 processing fee; Interest rate stated in footnote: 13.50%
Variable
Credit Score: Under 600; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
APR=Annual Percentage Rate. Personal Loans $1,000 or less, have a fixed rate of 18.00% APR. Maximum term = 24 months.
- Oct 6, 202618.00%▲ from 10.99%
- Sep 30, 202610.99%first recorded
No additional details available.
Maryland Personal Loan Rates
As low as; A loan for anything in your life. Vacations, weddings, medical costs, adoption costs, and much more. A fixed term low rate personal loan can help. We're here to help you get the right loan personalized for your unique situation.
Includes .25% auto pay rate discount.
- Oct 4, 20266.59%▲ from 6.49%
- Sep 16, 20266.49%first recorded
No additional details available.
As Low As; Loan amounts of $500 - $30,000
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
No additional details available.
As Low As; Minimum Loan Amount: $200
As Low As; Personal Loans
As Low As
As Low As; Amount: $500+; APR* (As low as)
As Low As; quick funding, no application fees, and no payment for 45 days.
- Oct 7, 20268.04%▲ from 7.79%
- Sep 15, 20267.79%first recorded
As Low As
Includes .25% auto pay rate discount.
- Oct 4, 20268.29%▲ from 8.19%
- Sep 16, 20268.19%first recorded
As Low As; Rate determined by credit score; Floor rate 3.5%, maximum 18%; No annual fee
As Low As; Loan amounts of $5,000 - $30,000
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
As Low As; summary rate from Personal Loans overview card
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 20268.99%▲ from 8.49%
- Sep 14, 20268.49%first recorded
As Low As; Amount: $7,500+; APR* (As low as)
As Low As; Minimum Loan Amount: $5,000
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Includes .25% auto pay rate discount.
- Oct 4, 20269.29%▲ from 9.19%
- Sep 16, 20269.19%first recorded
No additional details available.
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 20269.49%▲ from 9.24%
- Sep 14, 20269.24%first recorded
As Low As; Up to $5,000 per signature; Terms of 12 to 60 Months
No additional details available.
Rate Discount: as low as 9.74%
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 20269.99%▼ from 10.49%
- Sep 14, 202610.49%first recorded
Amount: $2,500.00 or more; As Low As
As low as
APR=Annual Percentage Rate. Personal Loans $1,000 or less, have a fixed rate of 18.00% APR. Maximum term = 24 months.
- Oct 6, 202610.00%▼ from 10.99%
- Sep 30, 202610.99%first recorded
As Low As; includes a 0.25% discount for enrolling in automatic payments. Existing Citi customers with an eligible checking or savings accounts, or a Citi credit card, may be eligible for up to $50,000. Rates as of 9-29-2026. Your APR may be as high as 18.49% for the term of your loan. The lowest rate quoted assumes excellent credit, a loan term of 36 or 48 months, and includes a.25% APR discount for enrollment in automatic payments at the time of loan origination. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. If you are in default, your APR may increase by 2.00%. Rates subject to change without notice.
- Oct 7, 202610.24%▲ from 9.99%
- Sep 27, 20269.99%first recorded
Rate Discount: as low as 9.99%
As Low As; Loan amount: $500-$30,000*; Monthly payment per $1,000 borrowed: $32.38 (not a rate); Fixed APR
No additional details available.
Rate Discount: as low as 10.24%
As Low As; APR* as low as
- Oct 4, 202610.49%▲ from 9.99%
- Sep 12, 20269.99%first recorded
As Low As
As Low As; Fixed rate; APR (1) as low as
- Oct 5, 202610.49%▼ from 10.74%
- Sep 14, 202610.74%first recorded
Includes .25% auto pay rate discount.
- Oct 4, 202610.54%▲ from 10.44%
- Sep 16, 202610.44%first recorded
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
Rate Discount: as low as 10.49%
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Includes .25% auto pay rate discount.
- Oct 4, 202610.79%▲ from 10.69%
- Sep 16, 202610.69%first recorded
Rate Discount: as low as 10.74%
As Low As; APR* as low as
- Oct 4, 202610.99%▲ from 10.49%
- Sep 12, 202610.49%first recorded
As Low As; Fixed rate; APR (1) as low as
As Low As; Loan amount: $2,500-$30,000*; Fixed APR
Amount: $1,001.00 - $2,500.00; As Low As
No additional details available.
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
No additional details available.
As Low As; APR* as low as
- Oct 4, 202611.49%▲ from 10.99%
- Sep 12, 202610.99%first recorded
As Low As
- Sep 18, 202611.49%▲ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; Personal Lending Rates
As Low As; Loan amount: $5,000-$30,000*; Fixed APR
No additional details available.
As Low As; APR* as low as; >$10,000
- Oct 4, 202611.99%▲ from 11.00%
- Sep 12, 202611.00%first recorded
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Rates based on credit worthiness. Not all applicants will qualify for the lowest loan rate.
Variable
APR=Annual Percentage Rate. Personal Loans $1,000 or less, have a fixed rate of 18.00% APR. Maximum term = 24 months.
- Oct 6, 202618.00%▲ from 10.99%
- Sep 30, 202610.99%first recorded
Maryland Debt Consolidation Loan Rates
Rate quoted based on 36 month term, $1,000 up to $30,000; Rates available on approved credit; 0.25% discount with e-Statements and automated payments on select collateral loans
As Low As; Amount: $1,000/$15,000
As Low As; Amount: $15,000.01/$25,000
Maryland Signature Loan Rates
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
$500; As Low As; Loan amount $500 to $25,000
As Low As; APR based on member credit history
No additional details available.
Additional APR listed for this product: 9.49%, 9.75%, 11.75%, 12.00%. As Low As
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
Maximum APR: 18.00%. Signature rates include discounts for automatic payment and discounts under the Member Loyalty Program. Total rate discounts cannot exceed 1.50%. Rates, terms, and conditions vary based on creditworthiness and other qualifications and are subject to change. Payment examples do not include debt protection coverage. APR as low as
As Low As; Amount financed: up to $20,000
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
No additional details available.
As Low As; APR based on member credit history
As Low As; Amount: $500/$15,000
- Oct 13, 20268.50%▲ from 8.25%
- Sep 14, 20268.25%first recorded
Credit Score: 750+; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
No additional details available.
Borrow $500 to $50,000
$500; As Low As; Loan amount $500 to $25,000
APR is based on evaluation of applicant's credit. Your actual APR may vary. Not all will qualify for the lowest rate. Not all will be approved.
As Low As; Variable consumer loan rate as of August 1, 2026; Minimum loan $500; Min. APR for variable rate unsecured financing is 6.00% (except promotions); Max. APR for variable rate financing is 18%
- Oct 13, 20269.25%▼ from 10.75%
- Sep 17, 202610.75%first recorded
As Low As; Variable consumer loan rate as of August 1, 2026; Minimum loan $5,000; Min. APR for variable rate unsecured financing is 6.00% (except promotions); Max. APR for variable rate financing is 18%
- Oct 13, 20269.50%▼ from 11.00%
- Sep 17, 202611.00%first recorded
Loan rates are tier-based and priced according to members' individual credit ratings.
As Low As; Variable consumer loan rate as of August 1, 2026; Minimum loan $10,000; Min. APR for variable rate unsecured financing is 6.00% (except promotions); Max. APR for variable rate financing is 18%
- Oct 13, 20269.75%▼ from 11.25%
- Sep 17, 202611.25%first recorded
$500; As Low As; Loan amount $500 to $25,000
As low as
As Low As; Signature Loans rates effective as of April 1, 2026
Rates current as of September 30, 2026
- Oct 9, 202610.24%▲ from 9.99%
- Sep 22, 20269.99%first recorded
As Low As; Signature Loans rates effective as of April 1, 2026
As Low As; Personal Loans
As Low As; APR* as low as
- Oct 4, 202610.49%▲ from 9.99%
- Sep 12, 20269.99%first recorded
As Low As; Signature Loans rates effective as of April 1, 2026
Maximum Loan Amount: $6,000
Credit Score: 700-749; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
As Low As; Payment Example ($20,000 Loan Amount): 60 Payments of $431.76
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; $500 minimum
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; Minimum loan $500
As Low As; APR* as low as
- Oct 4, 202610.99%▲ from 10.49%
- Sep 12, 202610.49%first recorded
As Low As; Signature Loans rates effective as of April 1, 2026
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; $5,000 minimum
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; Minimum loan $5,000
APR is based on evaluation of applicant's credit. Your actual APR may vary. Not all will qualify for the lowest rate. Not all will be approved.
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; $10,000 minimum
As Low As; Fixed Consumer Loan Rates as of December 1, 2025; Minimum loan $10,000
As Low As; APR* as low as
- Oct 4, 202611.49%▲ from 10.99%
- Sep 12, 202610.99%first recorded
As Low As; Signature Loans rates effective as of April 1, 2026
As Low As; APR* as low as; >$10,000
- Oct 4, 202611.99%▲ from 11.00%
- Sep 12, 202611.00%first recorded
Term: Flexible terms available; As Low As; APR shown is for applicant with credit scores 735 or higher; Rates apply to new loans to Patriot; Rates effective as of September 2, 2026
For anyone interested in a quick and easy loan. All personal loans approved in the amount of $2,999.00 or less will be granted at an 18.00% APR.
Credit Score: 650-699; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
As Low As; Signature Loans rates effective as of April 1, 2026
As Low As; Minimum loan amounts apply
Credit Score: 600-649; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
As Low As; Loan Amount: $1,000 (minimum loan amount); $20.00 processing fee; Interest rate stated in footnote: 13.50%
Credit Score: Under 600; A $40 Processing Fee is assessed on all loans except Shares Secured Loans
Maryland Personal Loan Rate Trends
Compare local Maryland personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Maryland personal loan rates rose 0.112 points over the past 7 days to 9.877% APR.
Maryland signature loan rates rose 0.023 points over the past 7 days to 9.928% APR.
Maryland Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Maryland figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current MD average personal loan APR of 9.88%, across the terms lenders serving Maryland most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $230.44/mo | $161.05/mo | $126.52/mo | $105.93/mo |
| $10,000 | $460.88/mo | $322.09/mo | $253.03/mo | $211.86/mo |
| $15,000 | $691.32/mo | $483.14/mo | $379.55/mo | $317.80/mo |
| $25,000 | $1,152.20/mo | $805.23/mo | $632.59/mo | $529.66/mo |
| $35,000 | $1,613.08/mo | $1,127.33/mo | $885.62/mo | $741.53/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Maryland
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the MD personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (MD average) | 9.88% | $379.55 | $3,218 | |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,932 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,466 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $6,058 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in Maryland
Prequalify With a Soft Credit Check
Most lenders serving Maryland will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Maryland data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured Maryland auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a Maryland high-yield savings account costs nothing and earns interest instead of paying it
Maryland Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $380 monthly loan payment is roughly 8.0% of the median individual income in Maryland. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Maryland.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1 to 3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3 to 5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current MD average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Maryland personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Maryland directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Maryland. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in MD.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Personal Loans for Bad Credit in Maryland
A FICO score below 580 is considered poor and 580 to 669 is fair. You can still get a personal loan with bad credit, but expect an APR well above the best rates on this page, a smaller loan amount, or a request for collateral or a cosigner. Where you apply matters as much as your score.
Start With a Credit Union
Federal credit unions cannot charge more than 18% APR on most loans through September 10, 2027. Many weigh your income and membership history, not just your score.
Ask About a Payday Alternative Loan
Many federal credit unions offer PALs for small, short term needs, capped at 28% APR with an application fee of no more than $20. That is a fraction of what a payday lender charges.
Secure the Loan With Savings
A share secured or CD secured loan uses your own savings as collateral, so approval is easy and the APR is low. On time payments are reported to the credit bureaus and help rebuild your score.
Add a Cosigner or Co-borrower
A second applicant with stronger credit can lower your rate and raise the amount you qualify for. They are equally responsible for every payment.
Prequalify Before You Apply
Most lenders show an estimated rate with a soft credit check that does not affect your score. Compare APRs, including any origination fee, before you submit a full application.
Avoid Payday and Title Loans
The CFPB notes a typical payday fee of $15 per $100 equals an APR of almost 400% on a two week loan. A title loan puts your car at risk. A credit union loan costs far less.
Frequently Asked Questions
What credit score do I need for a personal loan in Maryland?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Maryland?
Are credit unions or banks better for personal loans in Maryland?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
Can I get a personal loan with bad credit in Maryland?
What is the maximum APR on a bad credit personal loan from a credit union?
What are the best personal loan rates in Maryland?
- Freedom Of Maryland Federal Credit Union: 4.99% (Debt Consolidation Loan)
- Har-co Credit Union: 5.74% (Personal Loan)
- Aberdeen Proving Ground FCU: 6.59% (Personal Loan)
- Dexsta Federal Credit Union: 6.99% (Personal Loans)
- Signal Financial Federal Credit Union: 6.99% (Signature Loan)
