Transform Your Space Instantly Low Unsecured Loan Rates
Real-World Examples and Statistics
The average interest rate for personal loans in the United States varies, but as of 2023, it typically ranges from 6% to 36% depending on your credit score and lender1. For borrowers with excellent credit, rates as low as 5.99% are achievable, which can significantly reduce the cost of borrowing2. Consider a $10,000 loan over a three-year term: at 6% interest, your monthly payment would be approximately $304, while at 10%, it jumps to about $323, illustrating the impact of even a few percentage points.