Personal Loan Rates Edge Higher;
Signature at 11.075%

Personal loan rates leaned slightly higher this week in another quiet stretch. Signature loans, the purest unsecured product, rose 0.074 points to 11.075% APR, holding the top of the steady range, and debt consolidation rose 0.062 points to 10.815% from its small reporting pool. Both moves were modest, the kind of fractional drift that has defined the segment for weeks, with unsecured rates holding near 11%.

📊 Week-over-week data for all 3 personal loan segments tracked by MonitorBankRates.com.

NATIONAL: National average personal loan rates leaned slightly higher for the week ending June 15, 2026, in another quiet week for the segment. Signature loans, the pure unsecured products underwritten on creditworthiness alone, rose 0.074 points to 11.075% APR and held the top of the steady range. Debt consolidation loans rose 0.062 points to 10.815% APR from the smallest of the three reporting pools. The broad personal loan category reading moved up more sharply this week, a change tied to the mix of lenders reporting in that category rather than to a market repricing, as covered below. The overall personal loan average was 10.967% APR across 5,441 verified quotes.

Signature loans rose 0.074 points to 11.075% APR across 1,109 reporting institutions, holding their place as the steady rate leader. These are the purest form of unsecured credit, approved on a signature and a credit history with no collateral and no required use. The week’s move was fractional and in line with the slow drift the segment has shown all spring. Reported rates ranged from 1.990% to 24.990% APR, the wide band that says almost everything about unsecured lending: with no collateral behind the loan, the rate a borrower gets is driven overwhelmingly by credit profile.

Debt consolidation loans rose 0.062 points to 10.815% APR across 90 reporting institutions, the lowest rate of the three and the smallest pool. Read that one with some caution. The segment’s thin coverage, a function of how few lenders brand debt consolidation as a separate product rather than a use case for a general personal loan, makes its average more sensitive to week-to-week composition than the broader segments. For borrowers folding in high-APR credit card balances, where revolving rates commonly run 18% to 25%, even an unsecured loan near 10.8% can mean real savings.

The broad personal loan category showed a calculated average of 12.305% APR this week across 1,227 reporting institutions. That reading is up sharply from last week, but it reflects a change in the segment’s reporting pool rather than a market repricing: the number of lenders in the category fell, and the institution-weighted calculated average pulled away from the record-level average in a way that signals a composition shift, not a move in what borrowers are being quoted. The dependable reads this week are signature and debt consolidation, which moved only fractionally. Rates in the general segment spanned 1.990% to 36.000% APR, with the realistic range for most qualified borrowers landing between roughly 8% and 14%.

Personal loans sit in their own corner of the consumer credit market: unsecured, quick to underwrite, and flexible in use. The trade-off is the rate, since with no collateral behind the loan, lenders price the added default risk into the APR. The steadily measured segments near 11% this week sit roughly 5.4 points above current new auto loan rates at 5.649% and 4.7 points above the 30-year fixed mortgage at 6.365%. Against credit card APRs, which commonly run 18% to 25% on revolving balances, a personal loan still offers meaningful savings for borrowers who qualify and prefer a fixed payoff to a revolving balance.

Like auto loans, personal loan rates do not follow the Fed closely. They are built mostly from each lender’s funding costs and the credit risk of an unsecured borrower, and that risk premium is what keeps them near 11% while secured loans sit around 6%. With the Federal Reserve holding its benchmark at 3.50% to 3.75% since December, and expected to hold again at its meeting this week on June 16-17, there is little policy pressure moving these rates, so they have stayed elevated and range-bound. The fractional moves in signature and debt consolidation this week are noise within that range, not a shift in it.

Among the steadily measured segments, signature at 11.075% sits about 0.260 points above debt consolidation at 10.815%, the usual ordering with the purest unsecured product on top and the use-specific product below. The general personal loan reading is set aside from that comparison this week given its reporting-pool change. For borrowers weighing whether to fold revolving balances into a single fixed payment, the debt consolidation calculator compares a blended consolidation rate against current card balances. Borrowers can also compare what lenders quote in their state, such as Florida personal loan rates, and track how the segment averages move on the national personal loan rate trends page.