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Personal loan interest rates on most unsecured loans range between 4.99% and 36%. Comparing rates, monthly payments, and repayment terms from different lenders can help you find a loan that works for your budget.

Average personal loan interest rates for 2019

You can get personal loans from several different sources, including online lenders, banks, and credit unions. Here are your options when it comes to finding a personal loan:

Interest rates for personal loans from online lenders

While you can find low-interest loans from banks and credit unions, online lenders often offer the most competitive rates. Plus, you can typically get your money quickly; some lenders will disburse your funds in as little as one business day.

The personal loan companies in the tables below compete for your business through Credible. You can request rates from all of these partner lenders by filling out just one form (instead of one form for each) and without affecting your credit score.

LenderRatesLoan Amounts 
avant

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Fixed: 9.95% - 35.99% APR$2,000 up to $35,000Get Rates

Loan terms
• 2 - 5 years

Loan uses
• Debt consolidation, emergency expense, life event, home improvement, and other purposes

Residency
• Must be a resident in the U.S. with a valid Social Security number

Time to get funds
• As soon as the next business day

Avant personal loans review

best egg

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Fixed: 5.99% - 29.99% APR$2,000 up to $35,000Get Rates

Loan terms
• 3 - 5 years

Loan uses
• Credit card refinancing, debt consolidation, home improvement, and other purposes

Residency
• Must be a U.S. Citizen or a Permanent Resident Alien
• Can't be a resident of IA, VT, or WV

Time to get funds
• As soon as one day

Best egg personal loans review

freedomplus

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Fixed: 5.99% - 29.99% APR$10,000 up to $35,000Get Rates

Loan terms
• 2 - 5 years

Loan uses
• Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes

Residency
• Must be a resident in the U.S. with a valid Social Security number

Time to get funds
• Loan decisions as soon as the same day

Freedomplus personal loans review

lendingclub

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Fixed: 6.95% - 35.89% APR$1,000 up to $40,000Get Rates

Loan terms
• 3 - 5 years

Loan uses
• Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes

Residency
• Must be a U.S. Citizen or Resident Alien with a valid Social Security number and physical address, currently residing in the U.S.

Time to get funds
• As soon as a few days

LendingClub personal loans review

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lendingpoint

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Fixed: 9.99% - 35.99% APR$2,000 up to $25,000Get Rates

Loan terms
• 2 - 4 years

Loan uses
• Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes

Residency
• Must be a U.S. Citizen or Permanent Resident with a verifiable Social Security number

Time to get funds
• As soon as the next business day

lightstream

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Fixed: 3.99% - 16.99% APR $5,000 up to $100,000Get Rates

Loan terms
• 2 - 7 years

Loan uses
• Credit card refinancing, debt consolidation, home improvement, and other purposes

Residency
• Borrower must reside in the U.S.

Time to get funds
• As soon as the same business day

LightStream personal loans review

marcus

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Fixed: 5.99% - 28.99% APR
(For NY residents: 5.99% - 24.99% APR)
$3,500 up to $40,000Get Rates

Loan terms
• 3 - 6 years

Loan uses
• Credit card refinancing, debt consolidation, home improvement, and other purposes

Residency
• Must be a U.S. Citizen or Resident Alien with a valid Social Security number and physical address, currently residing in the U.S.

Time to get funds
• Between 1 - 4 business days, once approved

Marcus personal loans review

payoff

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Fixed: 5.99% - 24.99% APR$5,000 up to $35,000Get Rates

Loan terms
• 2 - 5 years

Loan uses
• Debt consolidation and credit card consolidation only

Residency
• Borrower can't reside in DC, DE, IA, LA, MA, MD, MI, MN, MS, NC, NE, NV, OH, OK, VA, VT, WA, WI, or WV

Time to get funds
• As soon as 3 - 6 business days

Payoff personal loans review

prosper

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Fixed: 6.95% - 35.99% APR$2,000 up to $35,000Get Rates

Loan terms
• 3 - 5 years

Loan uses
• Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes

Residency
• Must be a U.S. resident with a bank account and Social Security number

Time to get funds
• On average, within 5 days of accepting your offer

Prosper personal loans review

upstart

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Fixed: 7.99% - 35.89% APR$1,000 up to $50,000Get Rates

Loan terms
• 3 - 5 years

Loan uses
• Debt consolidation, credit card refinancing, home improvement, and other purposes

Residency
• Borrower can't be a resident of CT, CO, IA, MA, MD, VT, or WV

Time to get funds
• Within a day of clearing necessary verifications

Upgrade personal loans review

upstart

View details
Fixed: 8.89% - 35.99% APR$1,000 up to $50,000Get Rates

Loan terms
• 3 - 5 years

Loan uses
• Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes

Residency
• Must be a U.S. Citizen or Permanent Resident with a verifiable Social Security number

Time to get funds
• As soon as the next business day

Upstart personal loans review

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All APRs reflect autopay and loyalty discounts where available | LightStream payment example | Read more about Rates and Terms

Interest rates for personal loans from banks

If you have a checking or savings account with a brick-and-mortar bank, it’s a good idea to check with your local branch to see if it offers personal loans. Existing customers can often qualify for a loan with competitive interest rates because they already have a relationship with the bank. Typically, rates from banks can range from 5.99% to 24.99%.

LenderAmount
Citizens Bank$5,000-$50,000
Wells Fargo$3,000 - $100,000
CitiBank$2,000 - $50,000
PNC Bank$1,000 - $35,000
TD Bank$2,000 - $50,000
Fifth Third Bank$2,000 - $25,000
Lender amounts are accurate as of May 2019

Interest rates for personal loans from credit unions

Credit unions are nonprofit organizations. Because their focus isn’t on big returns, they’re able to pass on the savings to their members in the form of low-interest loans. Typically, rates from credit unions can range from 6.49% to 17.99%.

LenderAmount
PenFed Credit Union$500 - $25,000
USAA$2,500 - $20,000
Fairwinds Credit Union$1,000 and up
Alliant$1,000 - $50,000
Lender amounts are accurate as of May 2019

Interest rates based on credit scores

The rate a lender offers you is dependent on many different factors, including:

  • Your credit score
  • The amount you borrow
  • The selected repayment term

In general, an excellent credit score will help you get the lowest available rate. By contrast, if you have fair or even poor credit, you’ll likely end up with a higher interest rate.

Personal loan lenders with some of the lowest rates

Taking out a personal loan can be a smart way to save money on a major purchase or to accelerate your debt repayment. By working with a reputable lender, you can save yourself time and frustration. We’ve researched interest rates and loan terms to find the best lenders out there. Here are three personal loan lenders that offer the lowest interest rates as of June 2019.

LightStream

Fixed rates from 3.99% - 16.99% APR

If you have good credit, LightStream offers some of the best rates of any online lender. You can borrow up to $100,000 to fund major expenses like home renovations, car repairs, or debt consolidation. Plus, you can get your money within one business day of being approved.

Check out our LightStream review for more info.

Marcus

Fixed rates from 5.99% - 28.99% APR
(For NY residents: 5.99% - 24.99% APR)

With Marcus, you can borrow up to $40,000 and have up to six years to pay it off. There are no fees and you can choose a monthly payment option that works for your budget.

Check out our Marcus review for more info.

Payoff

Fixed rates from 5.99% - 24.99% APR

Payoff is an online lender that offers some unique benefits. Not only can you borrow up to $35,000, but Payoff also offers flexible repayment options. If you lose your job, they’ll work with you on payments so you can get back on your feet.

Check out our Payoff review for more info.

How to get the lowest personal loan interest rates

Before submitting your application for a personal loan, it’s a good idea to shop around and compare offers from several different lenders to get the best rates. But don’t worry; this doesn’t have to be a time-consuming process.

Credible makes it easy. Just enter how much you want to borrow and you’ll be able to compare multiple lenders and their rates so you can choose the one that makes the most sense for you.

Compare Rates Now