Virginia Best Personal Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Virginia personal loan rates range from 6.50% to 11.74% APR, verified by MonitorBankRates as of October 13, 2026. Current personal loan options available to borrowers in Virginia include: General Electric Employees Federal Credit UnionGeneral Electric Employees Federal Credit Union2300 Wards Rd Ste E, Lynchburg, VA, 24502A5.0 ★Texas Ratio: 8.00% offering Personal Loan - Special fixed up to 15 months at 6.50% APR, Congressional Federal Credit UnionCongressional Federal Credit Union10461 White Granite Dr, Oakton, VA, 22124A5.0 ★Texas Ratio: 8.63% offering Personal Loan at 6.69% APR, Richmond Virginia Fire Police Credit UnionRichmond Virginia Fire Police Credit Union900 Hermitage Rd, Richmond, VA, 23220 2001A+5.0 ★Texas Ratio: 1.81% offering Unsecured/Personal Loans at 6.75% APR, Signal Financial Federal Credit UnionSignal Financial Federal Credit Union44747 Brimfield Dr, Ashburn, VA, 20147 5920A+5.0 ★Texas Ratio: 4.25% offering Signature Loan at 6.99% APR, and Hopewell Chemical Federal Credit UnionHopewell Chemical Federal Credit Union702 Elm St, Hopewell, VA, 23860A+5.0 ★Texas Ratio: 1.11% offering Signature Loans 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 Virginia side-by-side. Virginia personal loan rates currently start as low as 6.50% APR from General Electric Employees Federal Credit Union at 2300 Wards Rd Ste E, Lynchburg, VA, 24502. 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 Virginia.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Virginia. 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
Virginia Personal Loan Rates
As Low As; Special fixed up to 15 months; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
As Low As; Minimum of $30,000 loan
As Low As; Rates increase 0.25% if no autopay
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
Published APR range: 6.99% to 15.99%.
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
Published APR range: 7.00%-14.00%.
As Low As
As Low As; Rates increase 0.25% if no autopay
Published APR range: 7.49% - 18.00%. $1,000 - $50,000. Fixed Rate.
Published APR range: 7.49% - 18.00%. $1,000 - $50,000. Fixed Rate.
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; Rate/APR as low as; Personal loan, term 0-24 Months
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
As Low As; Fixed APR
As Low As; Loan Amounts: $1,000-$1500; Sample
- Oct 8, 20267.74%▲ from 6.99%
- Sep 17, 20266.99%first recorded
As Low As; Financing: Up to $50,000
As Low As; Rates increase 0.25% if no autopay
Maximum Amount: $10,000
As Low As; Loan Amount: $500+
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%
Published APR range: 7.99% to 17.99%. Credit qualifications apply
As Low As; Rates increase 0.25% if no autopay
As Low As; Rate/APR as low as; Personal loan, term 25-36 Months
If eligible for all possible discounts
- Oct 7, 20268.00%▼ from 9.49%
- Sep 15, 20269.49%first recorded
No additional details available.
Credit Grade: A
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
APR as low as
As Low As; Loan Amount: $2,500+
Published APR range: 8.24% - 18.00%.
If eligible for all possible discounts
- Oct 7, 20268.25%▼ from 8.50%
- Oct 2, 20268.50%▼ from 9.74%
- Sep 15, 20269.74%first recorded
No additional details available.
As Low As; Loan Amount: $3,000+
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
As Low As; Rate effective as of 03/01/2026; Listed APRs assume excellent credit and include discounts
As Low As; $50,000 maximum loan amount
As Low As; Rates increase 0.25% if no autopay
As Low As; Rate/APR as low as; Personal loan, term 37-48 Months
as low as
If eligible for all possible discounts
- Oct 7, 20268.50%▲ from 8.25%
- Oct 2, 20268.25%▼ from 9.99%
- Sep 15, 20269.99%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.
As Low As; Fixed APR
As Low As; Loan amounts $500 - $20,000; credit score 670 minimum; limited-time offer; loan proceeds for debt consolidation only, paid directly to creditors
As Low As; Loan Amounts: $3,001-$6,500; Sample
- Oct 8, 20268.74%▲ from 7.99%
- Sep 12, 20267.99%first recorded
Published APR range: 8.75% - 17.75%.
As Low As; APR* as low as
No additional details available.
As Low As; Rates as low as. APR=Annual Percentage Rate
Maximum Amount: $10,000
Rates range from 8.90% to 17.90%. Loans range from a minimum of $500 to a maximum loan amount of $20,000.
Published APR range: 8.95% - 17.95%.
As Low As; Loan Amount: $5,000+
Borrow $500 to $50,000
As Low As; Rates subject to credit score; Personal loans available as low as 8.99% APR for qualified borrowers; Rate current as of October 1, 2026
As Low As; Rates as low as. APR=Annual Percentage Rate
As Low As; Rates based on approved credit
As Low As; Rate/APR as low as; Personal loan, term 49-60 Months
as low as
Published APR range: 9.00% to 18.00%. The APR received will be within the range disclosed above. The rate will be based on each member's creditworthiness, term of the loan, and value of collateral offered compared to amount of loan. Please ask for the rate that you may qualify for.
Published APR range: 9.00 to 17.00%.
As low as
- Oct 4, 20269.25%▲ from 9.00%
- Sep 25, 20269.00%first recorded
As low as; Personal Loan
as low as
No additional details available.
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As; Loan Amount: $5,000+
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
As Low As; $50,000 maximum loan amount
As Low As; APR up to 20.69%; Rates effective: January 29, 2026
as low as
As low as
- Oct 4, 20269.50%▲ from 9.25%
- Sep 25, 20269.25%first recorded
Published APR range: 9.50% - 18.00%. Personal Loan; APR Range
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
As Low As; Fixed APR
As Low As; Loan Amounts: $6,501-$10,000; Sample
- Oct 8, 20269.74%▲ from 8.99%
- Sep 12, 20268.99%first recorded
As low as
- Oct 4, 20269.75%▲ from 9.50%
- Sep 25, 20269.50%first recorded
As Low As
APR range: 9.75% - 17.99%
Maximum Amount: $10,000
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
Up to $50,000
Published APR range: 9.99% - 16.99%.
Amount Financed: $21,000.00; Credit Grade: Rate based on evaluation of credit history
Published APR range: 9.99% to 18.00%. Effective October 1, 2026
As Low As; Lowest available rate, quoted rate may be higher based on credit criteria
APR as low as; No collateral required. Up to 35 months to repay.
As Low As; Actual rate will vary depending on applicant's credit ratings and length of loan term; Membership eligibility is required
As Low As; Rates (APR) as low as 9.99%; subject to membership length, credit score, and credit approval
As Low As; Loan Amount: $500 - $15,000
Payment Example: $106.21 (based on $5,000)
Published APR range: 9.99% - 17.99%.
As low As*:
Credit Grade: A
No additional details available.
Loan amount: $5,000 and less; APR range 10.00% - 21.00%; Rate based on credit worthiness
No additional details available.
As low as
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
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As; Loan Amount: $500 - $15,001
As low as; Personal Loan
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As
As Low As; $50,000 maximum loan amount
As Low As; Fixed APR
No additional details available.
As low As*:
Daily Periodic Rate: .0288
As Low As; Amount Limit: Up to $50,000
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; Fixed APR
As Low As; Loan Amounts: $10,001-$20,000; Sample
- Oct 8, 202610.74%▲ from 9.99%
- Sep 12, 20269.99%first recorded
As Low As; Loan Amount: $500 - $15,002
As Low As; Rates as low as. APR=Annual Percentage Rate
As Low As; APR* as low as
No additional details available.
Maximum Amount: $10,000
As Low As; Unsecured Loans
- Oct 4, 202610.99%▲ from 8.99%
- Sep 16, 20268.99%first recorded
Published APR range: 10.99% - 17.99%. Amount Financed: $15,000.00; Credit Grade: Rate based on evaluation of credit history
As Low As; Fixed APR
As Low As; Maximum Terms Available: Up to 36 Months; Personal loans are unsecured
Approximate Payment Example: $543.64 (borrow $25,000)
As low As*:
No additional details available.
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
Published APR range: 11.24% - 18.00%. APR varies according to credit history of applicant(s)
No additional details available.
No additional details available.
As Low As; $500 and up; Personal Loan Rates section
As Low As
- Sep 18, 202611.49%▲ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; $50,000 maximum loan amount
Published APR range: 11.50% - 18%.
No additional details available.
Fixed rate Debt Consolidation loan or a Personal Convenience loan.
No additional details available.
Virginia Personal Loan Rates
As Low As; Special fixed up to 15 months; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
As Low As; Minimum of $30,000 loan
As Low As; Rates increase 0.25% if no autopay
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As
As Low As; Rates increase 0.25% if no autopay
As Low As; Rate/APR as low as; Personal loan, term 0-24 Months
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
As Low As; Fixed APR
As Low As; Loan Amounts: $1,000-$1500; Sample
- Oct 8, 20267.74%▲ from 6.99%
- Sep 17, 20266.99%first recorded
As Low As; Financing: Up to $50,000
As Low As; Rates increase 0.25% if no autopay
As Low As; Loan Amount: $500+
Published APR range: 7.99% to 17.99%. Credit qualifications apply
As Low As; Rates increase 0.25% if no autopay
As Low As; Rate/APR as low as; Personal loan, term 25-36 Months
If eligible for all possible discounts
- Oct 7, 20268.00%▼ from 9.49%
- Sep 15, 20269.49%first recorded
Credit Grade: A
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
APR as low as
As Low As; Loan Amount: $2,500+
If eligible for all possible discounts
- Oct 7, 20268.25%▼ from 8.50%
- Oct 2, 20268.50%▼ from 9.74%
- Sep 15, 20269.74%first recorded
No additional details available.
As Low As; Loan Amount: $3,000+
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
As Low As; Rate effective as of 03/01/2026; Listed APRs assume excellent credit and include discounts
As Low As; $50,000 maximum loan amount
As Low As; Rates increase 0.25% if no autopay
As Low As; Rate/APR as low as; Personal loan, term 37-48 Months
as low as
If eligible for all possible discounts
- Oct 7, 20268.50%▲ from 8.25%
- Oct 2, 20268.25%▼ from 9.99%
- Sep 15, 20269.99%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.
As Low As; Fixed APR
As Low As; Loan Amounts: $3,001-$6,500; Sample
- Oct 8, 20268.74%▲ from 7.99%
- Sep 12, 20267.99%first recorded
As Low As; APR* as low as
No additional details available.
Rates range from 8.90% to 17.90%. Loans range from a minimum of $500 to a maximum loan amount of $20,000.
Published APR range: 8.95% - 17.95%.
As Low As; Loan Amount: $5,000+
As Low As; Rates subject to credit score; Personal loans available as low as 8.99% APR for qualified borrowers; Rate current as of October 1, 2026
As Low As; Rate/APR as low as; Personal loan, term 49-60 Months
as low as
Published APR range: 9.00% to 18.00%. The APR received will be within the range disclosed above. The rate will be based on each member's creditworthiness, term of the loan, and value of collateral offered compared to amount of loan. Please ask for the rate that you may qualify for.
Published APR range: 9.00 to 17.00%.
As low as; Personal Loan
as low as
No additional details available.
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As; Loan Amount: $5,000+
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
As Low As; $50,000 maximum loan amount
As Low As; APR up to 20.69%; Rates effective: January 29, 2026
as low as
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
As Low As; Fixed APR
As Low As; Loan Amounts: $6,501-$10,000; Sample
- Oct 8, 20269.74%▲ from 8.99%
- Sep 12, 20268.99%first recorded
As Low As
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
Published APR range: 9.99% to 18.00%. Effective October 1, 2026
APR as low as; No collateral required. Up to 35 months to repay.
As Low As; Actual rate will vary depending on applicant's credit ratings and length of loan term; Membership eligibility is required
As Low As; Rates (APR) as low as 9.99%; subject to membership length, credit score, and credit approval
As Low As; Loan Amount: $500 - $15,000
As low As*:
Credit Grade: A
No additional details available.
As low as
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
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As; Loan Amount: $500 - $15,001
As low as; Personal Loan
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
As Low As
As Low As; $50,000 maximum loan amount
As Low As; Fixed APR
As low As*:
As Low As; Amount Limit: Up to $50,000
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; Fixed APR
As Low As; Loan Amounts: $10,001-$20,000; Sample
- Oct 8, 202610.74%▲ from 9.99%
- Sep 12, 20269.99%first recorded
As Low As; Loan Amount: $500 - $15,002
As Low As; APR* as low as
No additional details available.
As Low As; Unsecured Loans
- Oct 4, 202610.99%▲ from 8.99%
- Sep 16, 20268.99%first recorded
As Low As; Fixed APR
As Low As; Maximum Terms Available: Up to 36 Months; Personal loans are unsecured
As low As*:
As low as** ***; Loan Amounts: Minimum: $250, Maximum: $70,000
Published APR range: 11.24% - 18.00%. APR varies according to credit history of applicant(s)
No additional details available.
As Low As
- Sep 18, 202611.49%▲ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; $50,000 maximum loan amount
Fixed rate Debt Consolidation loan or a Personal Convenience loan.
No additional details available.
Virginia Debt Consolidation Loan Rates
Published APR range: 7.49% - 18.00%. $1,000 - $50,000. Fixed Rate.
As Low As; Loan amounts $500 - $20,000; credit score 670 minimum; limited-time offer; loan proceeds for debt consolidation only, paid directly to creditors
Published APR range: 8.75% - 17.75%.
As Low As; Lowest available rate, quoted rate may be higher based on credit criteria
Virginia Signature Loan Rates
As Low As; Signal Smart Plus members receive 0.25% discount; non-members add 0.25%
Published APR range: 6.99% to 15.99%.
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 Amount: $10,000
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%
Published APR range: 8.24% - 18.00%.
As Low As; Loan amounts $500 - $20,000; credit score 670 minimum; limited-time offer; loan proceeds for debt consolidation only, paid directly to creditors
As Low As; Rates as low as. APR=Annual Percentage Rate
Maximum Amount: $10,000
Borrow $500 to $50,000
As Low As; Rates as low as. APR=Annual Percentage Rate
As low as
- Oct 4, 20269.25%▲ from 9.00%
- Sep 25, 20269.00%first recorded
As low as
- Oct 4, 20269.50%▲ from 9.25%
- Sep 25, 20269.25%first recorded
Published APR range: 9.50% - 18.00%. Personal Loan; APR Range
As low as
- Oct 4, 20269.75%▲ from 9.50%
- Sep 25, 20269.50%first recorded
APR range: 9.75% - 17.99%
Maximum Amount: $10,000
Up to $50,000
Published APR range: 9.99% - 16.99%.
Payment Example: $106.21 (based on $5,000)
Published APR range: 9.99% - 17.99%.
Loan amount: $5,000 and less; APR range 10.00% - 21.00%; Rate based on credit worthiness
Daily Periodic Rate: .0288
As Low As; Rates as low as. APR=Annual Percentage Rate
Maximum Amount: $10,000
As Low As; $500 and up; Personal Loan Rates section
Virginia Personal Loan Rate Trends
Compare local Virginia 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.
Virginia personal loan rates fell 0.070 points over the past 7 days to 10.226% APR.
Virginia signature loan rates fell 0.005 points over the past 7 days to 9.543% APR.
Virginia 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 Virginia 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 VA average personal loan APR of 10.23%, across the terms lenders serving Virginia 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 | $231.25/mo | $161.87/mo | $127.36/mo | $106.79/mo |
| $10,000 | $462.49/mo | $323.73/mo | $254.71/mo | $213.58/mo |
| $15,000 | $693.74/mo | $485.60/mo | $382.07/mo | $320.38/mo |
| $25,000 | $1,156.23/mo | $809.34/mo | $636.78/mo | $533.96/mo |
| $35,000 | $1,618.73/mo | $1,133.07/mo | $891.50/mo | $747.55/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 Virginia
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 VA personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (VA average) | 10.23% | $382.07 | $3,339 | |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,811 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,345 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,937 |
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 Virginia
Prequalify With a Soft Credit Check
Most lenders serving Virginia 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 Virginia 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 Virginia 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 Virginia high-yield savings account costs nothing and earns interest instead of paying it
Virginia Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $382 monthly loan payment is roughly 9.0% of the median individual income in Virginia. 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 Virginia.
| 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 VA 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 Virginia 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 Virginia 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 Virginia. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in VA.
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 Virginia
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 Virginia?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Virginia?
Are credit unions or banks better for personal loans in Virginia?
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 Virginia?
What is the maximum APR on a bad credit personal loan from a credit union?
What are the best personal loan rates in Virginia?
- General Electric Employees Federal Credit Union: 6.50% (Personal Loan - Special fixed up to 15 months)
- Congressional Federal Credit Union: 6.69% (Personal Loan)
- Richmond Virginia Fire Police Credit Union: 6.75% (Unsecured/Personal Loans)
- Signal Financial Federal Credit Union: 6.99% (Signature Loan)
- Hopewell Chemical Federal Credit Union: 6.99% (Signature Loans)
