Personal Loan Rates Climb;
Signature Hits 11.313%

Personal loan rates climbed this week, and the board reshuffled for the first time all summer. Signature loans rose 0.127 points to 11.313%, stretching their run at the top, while the flagship personal loan category firmed 0.031 points to 10.724%, the top of its recent range and the week’s most trustworthy reading. Debt consolidation went hard the other way, plunging 0.302 points to 10.477% on the board’s smallest reporting pool and dropping below the flagship into last place. The overall average rose to 10.915%, and the Federal Reserve meets this week.

📊 Full personal loan data: 1,858 institutions tracked across all 50 states.

NATIONAL: Unsecured loan rates climbed the week ending July 27, 2026, with two of three categories higher and the board’s order changing for the first time this summer. Signature loans rose 0.127 points to 11.313%, extending their run at the top of the board, and the flagship personal loan category firmed 0.031 points to 10.724% on the deepest pool of the three. Debt consolidation loans plunged 0.302 points to 10.477%, falling below the flagship into last place. The overall average rose to 10.915%.

Take the reshuffle at face value first, then discount it properly. Debt consolidation’s 0.302-point drop to 10.477% is the largest single-week move any category here has posted this summer, and it flips the board’s order: the category sat above the flagship all season and now sits below it. But it printed from 82 reporting institutions and 134 quotes, the smallest pool we track in this vertical and smaller than it was a week ago, and at that size a handful of lenders entering, leaving, or repricing swings the average by tenths. The standing caution on this category applies with extra weight this week: the drop is real in the table and weak as evidence of anything happening in the broader market. Where it settles over the next few reports will tell us whether the new ordering means something.

Signature kept stretching, with the same caveat running the other direction. At 11.313%, the category has now risen two straight reports by a combined 0.311 points, and sits 0.589 points above the flagship, but its reporting pool has shifted both weeks, expanding sharply into mid-July and contracting since, so the climb blends genuine firming in unsecured pricing with a sample that will not hold still. The number worth trusting is the quiet one: the flagship’s 0.031-point rise to 10.724% came from the deepest, steadiest pool on the board and pushed the category to the top of the narrow band it has held for a month, 10.682 to 10.724, a range of barely four hundredths. That is modest, genuine firming, and it is this week’s only clean read.

For borrowers, the reshuffle changes nothing about how to shop. Category labels matter far less than credit tier, term, and lender: the rates behind these averages run from roughly 2% for the strongest profiles to a ceiling near 30% for the weakest, a range that dwarfs every gap in this report. Anyone weighing whether to fold high-rate balances into one fixed payment can compare payoff scenarios before applying, and quotes from several lenders, including local options on Michigan personal loan rates, remain where the real savings sit.

Strip the sample noise out and the unsecured market is doing something small but consistent: firming. The flagship has printed 10.682, 10.708, 10.693, and now 10.724 across four reports, never moving more than a few hundredths but finishing at the top of that range, and the overall benchmark has climbed three straight reports to 10.915%. Nothing about that resembles the drama in the two satellite categories; it resembles a market drifting up a basis point or three at a time in an environment where nothing is pushing borrowing costs down. The signature category’s two-week surge probably contains some of that same genuine firming, amplified by its unstable pool; the flagship tells us how much is real, and the answer is: a little, steadily.

Personal loans sit further from the Federal Reserve than almost any product on this site, which makes meeting week here mostly context rather than catalyst. The Fed gathers July 28 and 29, its first meeting since the June 17 hold that kept the funds rate at 3.50% to 3.75% for a fourth straight time, the first under new Chair Kevin Warsh, and markets widely expect a fifth hold; this report goes to press before the decision. Unsecured 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, and either likely outcome leaves that arithmetic intact: an elevated, parked environment keeps unsecured costs firm, and the lever that actually moves an individual’s rate remains credit score and the number of lenders asked. Category-by-category movement is tracked on the personal loan trends page.