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
- Interest rates for personal loans from banks
- Interest rates for personal loans from credit unions
- Interest rates based on credit scores
- Personal loan lenders with some of the lowest rates
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.
| Lender | Rates | Loan Amounts | |
|---|---|---|---|
 | Fixed: 9.95% - 35.99% APR | $2,000 up to $35,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 5.99% - 29.99% APR | $2,000 up to $35,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 5.99% - 29.99% APR | $10,000 up to $35,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 6.95% - 35.89% APR | $1,000 up to $40,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 9.99% - 35.99% APR | $2,000 up to $25,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 3.99% - 16.99% APR | $5,000 up to $100,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 5.99% - 28.99% APR (For NY residents: 5.99% - 24.99% APR) | $3,500 up to $40,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 5.99% - 24.99% APR | $5,000 up to $35,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 6.95% - 35.99% APR | $2,000 up to $35,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 7.99% - 35.89% APR | $1,000 up to $50,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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 | Fixed: 8.89% - 35.99% APR | $1,000 up to $50,000 | Get Rates |
Loan terms Loan uses Residency Time to get funds |
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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%.
| Lender | Amount |
|---|---|
| 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 |
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%.
| Lender | Amount |
|---|---|
| PenFed Credit Union | $500 - $25,000 |
| USAA | $2,500 - $20,000 |
| Fairwinds Credit Union | $1,000 and up |
| Alliant | $1,000 - $50,000 |
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.