Personal Loan Rates Rise Again;
Signature Crosses 11%

Personal loan APRs rose for a second straight week, and the rate leader crossed a line. Signature loans edged up to 11.002%, over 11% for the first time in this run, while personal loans, the flagship category with the deepest reporting pool, posted the week’s largest move, up 0.026 points to 10.708%. Debt consolidation inched up to 10.927%. The overall average sits at 10.816%, and the three categories stay bunched within a third of a point, all now pressing the high end of the range they have held for weeks.

📊 Full personal loan data: 1,781 institutions tracked across all 50 states.

NATIONAL: National personal loan rates rose for a second straight week the week ending July 6, 2026, with all three tracked categories higher. Signature loans, the rate leader, edged up 0.006 points to 11.002%, crossing the 11% line. Personal loans, the flagship category, posted the week’s largest move, up 0.026 points to 10.708% on the deepest reporting pool of the three, and debt consolidation loans inched up 0.005 points to 10.927%. The overall average rose to 10.816%.

Signature loans made the headline by a fraction. The category rose 0.006 points to 11.002%, its first read over 11% in this run, after sitting just shy of the line at 10.996% a week ago. Signature loans are unsecured and fixed-rate, so they carry the risk premium that comes with no collateral, and they have held the top of this board for weeks. Crossing 11% on a six-thousandths move is a milestone of rounding more than momentum, but the direction underneath it is real: the category has now firmed two weeks running.

The more telling move came from the flagship. The personal loan category rose 0.026 points to 10.708%, the week’s largest change, and unlike most weeks when the biggest move comes from the thinnest pool, this one comes from the deepest: more than 1,100 institutions and over 2,600 verified quotes. When the cleanest read on the board moves the most, the move means something. Debt consolidation, by contrast, was quiet, up 0.005 points to 10.927%; its small reporting pool of 85 institutions makes its sharp weeks unreliable, but a five-thousandths week needs no asterisk. The signature-to-debt-consolidation spread held at 0.075 points, essentially unchanged.

For borrowers, the spread between the categories matters less than the spread within them. The three averages sit within about a third of a point of one another, but the rates behind them run from roughly 2% for the strongest credit profiles to the high-20% ceiling for the weakest, so a single borrower’s APR depends far more on credit score, loan term, and lender than on which category the loan is labeled. Anyone weighing whether to fold high-rate balances into a single fixed payment can run the numbers on consolidating before applying, and comparing offers across lenders, including local options on Virginia personal loan rates, is where the real savings sit.

Two all-up weeks in a row change the texture of this board without changing its shape. Signature is still the most expensive, personal loans the cheapest, debt consolidation between them, all within a third of a point. What is different is that the firming now shows up in the deep pools, not just the thin ones: the flagship category’s 0.026-point rise across more than 1,100 institutions is the kind of move that reflects actual lender pricing rather than sample churn. It is drift, and modest drift at that, but for unsecured borrowers the drift has run one direction for two weeks and the whole board now sits in the high-10% to just-over-11% range.

Personal loans sit further from the Federal Reserve than almost any other product on this site. The Fed held the federal funds rate at 3.50% to 3.75% on June 17 for a fourth straight meeting, the first under new Chair Kevin Warsh, and leaned hawkish in its projections, but unsecured personal loan APRs are priced on the borrower’s credit tier, the loan term, and each lender’s appetite for risk far more than on the policy rate. An elevated, parked rate environment keeps these costs firm, and two straight weeks of gentle firming fits that backdrop exactly. For a borrower, the lever that moves the rate is not the Fed; it is credit score and how many lenders you ask. Category-by-category movement is tracked on the personal loan rate trends page.