Personal Loan Weekly Rates | The bank rate

Personal loan interest rates remain unchanged from last week as of Wednesday January 12 at 10.28%. Bankrate conducts a weekly survey of major lenders and monitors personal loan interest rates week after week, tracking any changes. The national weekly average for personal loan interest has remained flat throughout the past month, dropping from 10.27% to 10.28% in the first week of 2022.

Comparison of the best personal loan rates

While personal loan interest rates have remained stable on average, different lenders offer different rates and overall experiences. Below are rates for some of the best personal lenders of 2022. These lenders performed well in the 2022 Bankrate Awards, each winning a superlative category.

Lender

APR

Amount of the loan

Minimum credit score

Discount rate superlative

LightStream

4.98%

$5,000 to $100,000

700

Ideal for home improvement and debt consolidation

Marcus of Goldman Sachs

6.99%

$3,500 to $40,000

660

best online lender

TD Bank

6.99%

$2,000 to $50,000

660

The best of a bank

Reached

8.94%

$1,000 to $50,000

Nothing

Ideal for borrowers with bad credit

best egg

5.99%

$2,000 to $50,000

640

Ideal for borrowers with fair credit

Figure

5.75%

$5,000 to $50,000

670

Ideal for borrowers with good credit

Axos

6.49%

$5,000 to $50,000

720

Ideal for borrowers with excellent credit

Personal loan rate by credit score

The interest rates you qualify for depend on the overall health of your credit. Below are the average interest rates for borrowers, ranging from excellent to bad credit, based on data from Bankrate.

Credit score

Average loan interest rate

Excellent (720-850)

10.3%-12.5%

Good (690-719)

13.5%-15.5%

Good (690-719)

13.5%-15.5%

Just (630-689)

17.8%-19.9%

Bad (300-629)

28.5%-32.0%

How to Compare Personal Loan Rates

When applying for a personal loan, there are many factors to consider. Here are some of the things you should think about before choosing a personal lender:

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