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Personal Loan Weekly Rates | Bankrate

Personal Loan Weekly Rates | Bankrate
Written by Publishing Team

Interest rates on personal loans remained unchanged from last week until Wednesday 12th January at 10.28 percent. Bankrate conducts a weekly survey of top lenders and monitors personal loan interest rates week by week, keeping track of any changes. The average weekly interest on national personal loans has remained flat throughout the past month, rising from 10.27 percent to 10.28 percent in the first week of 2022.

Compare top personal loan rates

While interest rates on personal loans have remained stable on average, different lenders offer different rates and general experiences. Here are the prices of some of the best personal loan lenders of 2022. These lenders have done well in the 2022 Bankrate Awards, and each of them won an excellent category.

the lender

April

loan amount

Minimum credit score

Preference Bank

LightStream

4.98%

$5000 – $100,000

700

The best for home improvement and debt consolidation

Marcus by Goldman Sachs

6.99%

$3500 – $40,000

660

Best online lender

bank 💰

6.99%

$2000 – $50,000

660

Better than the bank

cocky

8.94%

$1,000 – $50,000

Nobody

Best for borrowers with bad credit

best eggs

5.99%

$2000 – $50,000

640

Best for borrowers with fair credit

appearance

5.75%

$5000 – $50,000

670

Best for borrowers with good credit

exos

6.49%

$5000 – $50,000

720

Best for borrowers with excellent credit

Personal loan rates by credit score

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

Balance level

Average interest rate on the loan

Excellent (720-850)

10.3% – 12.5%

Good (690-719)

13.5% – 15.5%

Good (690-719)

13.5% – 15.5%

Adel (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 things you should consider before choosing a personal loan lender:

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