Maryland Best Personal Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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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: 11.68% offering Debt Consolidation Loan at 4.99% APR, Har-co Credit UnionHar-co Credit Union30 N Hickory Ave, Bel Air, MD, 21014 3249A+5.0 ★Texas Ratio: 3.63% 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: 3.85% offering Personal Loan at 6.49% APR, InFirst Federal Credit UnionInFirst Federal Credit Union4003 Branch Ave, Temple Hills, MD, 20748A+5.0 ★Texas Ratio: 4.59% offering Personal Loan 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: 3.10% offering Signature Loan at 6.99% APR. Personal loan rates as of September 22, 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: September 22, 2026
Maryland Personal Loan Rates
Rate quoted based on 36 month term, $500 up to $30,000 for an Anything Loan or borrow $1,000 up to $30,000 for a Debt Consolidation Loan. Rates and terms may be different as determined by collateral and individual credit worthiness. 0.25% discount with e-Statements and automated payments from a Freedom FCU Savings or Checking account on select loan types. (Rate discount is only available on collateral loans listed with the posted 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.
As Low As; Personal Loan
As Low As
Loan amounts of $500 - $30,000
Rates are subject to change and based on creditworthiness. Other rates may apply.
As Low As
Minimum Loan Amount: $200
As Low As; Rate applies to 5.99%, 5.99%, 5.99%
With Direct Payment Discount
No additional details available.
As Low As
As Low As
No additional details available.
Minimum Loan Amount:
As Low As; quick funding, no application fees, and no payment for 45 days.
No additional details available.
Maximum APR: 18.00%. The Signature rates above 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
Amount Financed: up to $20,000
As Low As
As Low As; Minimum Loan Amount: $500+
No additional details available.
No additional details available.
Includes .25% auto pay rate discount.
Minimum Loan Amount:
With Direct Payment Discount
$15,000 maximum
Rates start as low as; For personal, line of credit and credit cards the rate is determined by your credit score. Your APR will never fall below our current floor rate of 3.5% and will never be greater than 18%. No annual fee.
As Low As; Rate applies to 5.99%, 5.99%, 5.99%
No additional details available.
Loan amounts of $5,000 - $30,000
Minimum Loan Amount:
No additional details available.
No additional details available.
$500 - $50,000
As Low As; Minimum Loan Amount: $7,500+
As Low As; *
As Low As
Our American Freedom Loan functions in much the same way as our other personal loans. The key difference with this type of loan is that it relies on the length of the borrower's employment. Borrower must have at least three years of job history.
$15,000 maximum
Includes .25% auto pay rate discount.
As Low As
Minimum Loan Amount: $5,000
No additional details available.
Loan Amount: $500 min
No additional details available.
As Low As
As Low As;
No additional details available.
No additional details available.
Includes a 0.5% discount for enrolling in automatic payments. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. Rates as of 2-14-2026. Your APR may be as low as 9.99% or as high as 17.49% for the term of your loan. The lowest rate quoted assumes excellent credit, a loan term of 36 or 48 months, and includes a 0.5% APR discount for enrollment in automatic payments at the time of loan origination.
As low as
As Low As*
As Low As
No additional details available.
As Low As
As Low As
No additional details available.
($500-$30,000*)
As Low As
Includes .25% auto pay rate discount.
As low as
No additional details available.
As Low As*
No additional details available.
No additional details available.
No additional details available.
As Low As
Maximum Loan Term = 36 Months; Maximum Loan Amount = $6,000
Includes .25% auto pay rate discount.
As low as
No additional details available.
As Low As; Signature (unsecured)
No additional details available.
As low as
As Low As*
No additional details available.
As Low As
($2,500-$30,000*)
No additional details available.
As Low As;
As Low As*; Balance: 49 - 60 Months <em>>$10,000</em>
As Low As
$25,000 maximum
As Low As; Signature (unsecured)
Loan Amount: $2,000 min
As Low As; Signature (unsecured)
No additional details available.
As low as
No additional details available.
No additional details available.
No additional details available.
($5,000-$30,000*)
As Low As
No additional details available.
As Low As
As Low As
The rate displayed is the lowest rate and not all applicants qualify for the lowest rate.
Variable rate loan. APR determined by adding % Above Index column to U.S. Prime Rate. Rates subject to change monthly.
Term: Flexible terms available; Annual Percentage Rate (APR) shown is for applicant with credit scores 735 or higher. Rates apply to new loans to Patriot. Example: $7,500 loan, monthly payment will be $249.07 for 36 months at 11.99%. Other rates and terms available. Rates may change without notice. All loans subject to credit approval. Rates effective as of September 2, 2026
As Low As
variable rate of Wall Street Prime + Margin; The Annual Percentage Rate(APR) will change on the 1st day of each quarter (January, April, July, and October) based on the interest rate Index. The Index is the Prime Rate published in the Wall Street Journal on the last day of each quarter plus a margin of 5.50%. The APR will never be more than 18.00% or the maximum rate allowed by NCUA, whichever is less. Any increase in the annual percentage rate as a result of an increase in the Index will result in higher payments. Your monthly payment for a variable rate line of credit balances will be 2.5% of the outstanding balances, however, your minimum payments will never be less than $10.00
For anyone interested in a quick and easy loan.
No additional details available.
No additional details available.
As low as
As Low As
As Low As;
No additional details available.
No additional details available.
Annual Percentage Rate (APR) $1000 minimum loan amount. $20.00 processing fee. Interest rate is 13.50%. Example: $1,000 loan with a 17.37% APR would have a monthly payment of $89.55. Rates may change without notice. All loans subject to credit approval.
For anyone interested in a quick and easy loan. All personal loans that are approved in the amount of $2,999.00 or less will be granted at an 18.00% APR.
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.
As Low As; Personal Loan
Loan amounts of $500 - $30,000
Rates are subject to change and based on creditworthiness. Other rates may apply.
Minimum Loan Amount: $200
With Direct Payment Discount
As Low As
No additional details available.
Minimum Loan Amount:
As Low As; quick funding, no application fees, and no payment for 45 days.
As Low As; Minimum Loan Amount: $500+
Includes .25% auto pay rate discount.
Minimum Loan Amount:
With Direct Payment Discount
Rates start as low as; For personal, line of credit and credit cards the rate is determined by your credit score. Your APR will never fall below our current floor rate of 3.5% and will never be greater than 18%. No annual fee.
No additional details available.
Loan amounts of $5,000 - $30,000
Minimum Loan Amount:
No additional details available.
As Low As; Minimum Loan Amount: $7,500+
Our American Freedom Loan functions in much the same way as our other personal loans. The key difference with this type of loan is that it relies on the length of the borrower's employment. Borrower must have at least three years of job history.
Includes .25% auto pay rate discount.
Minimum Loan Amount: $5,000
No additional details available.
No additional details available.
As Low As;
Includes a 0.5% discount for enrolling in automatic payments. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. Rates as of 2-14-2026. Your APR may be as low as 9.99% or as high as 17.49% for the term of your loan. The lowest rate quoted assumes excellent credit, a loan term of 36 or 48 months, and includes a 0.5% APR discount for enrollment in automatic payments at the time of loan origination.
As low as
As Low As*
As Low As
No additional details available.
($500-$30,000*)
Includes .25% auto pay rate discount.
As low as
As Low As*
No additional details available.
No additional details available.
Includes .25% auto pay rate discount.
As low as
No additional details available.
No additional details available.
As low as
As Low As*
No additional details available.
($2,500-$30,000*)
No additional details available.
As Low As;
As Low As*; Balance: 49 - 60 Months <em>>$10,000</em>
No additional details available.
As low as
No additional details available.
No additional details available.
No additional details available.
($5,000-$30,000*)
No additional details available.
The rate displayed is the lowest rate and not all applicants qualify for the lowest rate.
Variable rate loan. APR determined by adding % Above Index column to U.S. Prime Rate. Rates subject to change monthly.
As low as
No additional details available.
No additional details available.
Maryland Debt Consolidation Loan Rates
Rate quoted based on 36 month term, $500 up to $30,000 for an Anything Loan or borrow $1,000 up to $30,000 for a Debt Consolidation Loan. Rates and terms may be different as determined by collateral and individual credit worthiness. 0.25% discount with e-Statements and automated payments from a Freedom FCU Savings or Checking account on select loan types. (Rate discount is only available on collateral loans listed with the posted rates).
$15,000 maximum
$25,000 maximum
No additional details available.
Maryland Signature Loan Rates
As Low As
As Low As
As Low As; Rate applies to 5.99%, 5.99%, 5.99%
No additional details available.
As Low As
Maximum APR: 18.00%. The Signature rates above 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
Amount Financed: up to $20,000
As Low As
No additional details available.
$15,000 maximum
As Low As; Rate applies to 5.99%, 5.99%, 5.99%
No additional details available.
$500 - $50,000
As Low As
As Low As
Loan Amount: $500 min
As Low As
As Low As;
No additional details available.
As Low As*
No additional details available.
As Low As
As Low As
As Low As
No additional details available.
As Low As*
As Low As
Maximum Loan Term = 36 Months; Maximum Loan Amount = $6,000
As Low As; Signature (unsecured)
As Low As*
As Low As
As Low As*; Balance: 49 - 60 Months <em>>$10,000</em>
As Low As
As Low As; Signature (unsecured)
Loan Amount: $2,000 min
As Low As; Signature (unsecured)
As Low As
As Low As
As Low As
Term: Flexible terms available; Annual Percentage Rate (APR) shown is for applicant with credit scores 735 or higher. Rates apply to new loans to Patriot. Example: $7,500 loan, monthly payment will be $249.07 for 36 months at 11.99%. Other rates and terms available. Rates may change without notice. All loans subject to credit approval. Rates effective as of September 2, 2026
As Low As
variable rate of Wall Street Prime + Margin; The Annual Percentage Rate(APR) will change on the 1st day of each quarter (January, April, July, and October) based on the interest rate Index. The Index is the Prime Rate published in the Wall Street Journal on the last day of each quarter plus a margin of 5.50%. The APR will never be more than 18.00% or the maximum rate allowed by NCUA, whichever is less. Any increase in the annual percentage rate as a result of an increase in the Index will result in higher payments. Your monthly payment for a variable rate line of credit balances will be 2.5% of the outstanding balances, however, your minimum payments will never be less than $10.00
For anyone interested in a quick and easy loan.
As Low As
As Low As;
Annual Percentage Rate (APR) $1000 minimum loan amount. $20.00 processing fee. Interest rate is 13.50%. Example: $1,000 loan with a 17.37% APR would have a monthly payment of $89.55. Rates may change without notice. All loans subject to credit approval.
For anyone interested in a quick and easy loan. All personal loans that are approved in the amount of $2,999.00 or less will be granted at an 18.00% APR.
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 fell 0.521 points over the past 7 days to 9.543% APR.
Maryland signature loan rates fell 0.497 points over the past 7 days to 9.398% 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 9.54%, 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 | $229.67/mo | $160.27/mo | $125.72/mo | $105.11/mo |
| $10,000 | $459.34/mo | $320.53/mo | $251.44/mo | $210.23/mo |
| $15,000 | $689.01/mo | $480.80/mo | $377.16/mo | $315.34/mo |
| $25,000 | $1,148.36/mo | $801.33/mo | $628.59/mo | $525.57/mo |
| $35,000 | $1,607.70/mo | $1,121.86/mo | $880.03/mo | $735.80/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) | 9.54% | $377.16 | $3,103 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $3,047 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,581 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $6,173 |
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 $377 monthly loan payment is roughly 7.9% 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 1–3 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 3–5% | ● 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.
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?
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: 6.49% (Personal Loan)
- InFirst Federal Credit Union: 6.99% (Personal Loan)
- Signal Financial Federal Credit Union: 6.99% (Signature Loan)
