Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average Signature Loan Rate Rises to 11.348% While Personal Loan Rate Falls to 11.140%
Signature loan rates rose 0.015 percentage points to 11.348% between October 29 and November 4, while personal loan rates fell 0.013 percentage points to 11.140% APR and debt consolidation loan rates fell 0.013 percentage points to 10.981%. A personal loan's rate is fixed once the loan is signed.
Rates on signature loans rose 0.015 percentage points to an average 11.348% APR between October 29 and November 4. Average personal loan rates fell 0.013 percentage points to 11.140%, and debt consolidation loan rates fell 0.013 percentage points to 10.981%.
Key takeaways
- Signature loan rates rose 0.015 percentage points to 11.348% APR, from 11.333% on October 29, on 909 institutions and 2,146 rates.
- Personal loan rates fell 0.013 percentage points to 11.140%, from 11.153%; debt consolidation loan rates fell 0.013 percentage points to 10.981%, from 10.994%.
- The Federal Reserve held its target range at 3.75% to 4.00% on October 28; a personal loan's rate is fixed once the loan is signed.
- Borrowing $15,000 over 48 months at the 11.140% personal loan average runs about $388.70 a month, with roughly $3,658 in total interest.
Signature loan rates rose 0.015 percentage points to 11.348%
Personal loan rates by category, national average APR since April 13
Average APRs from MonitorBankRates.com's nightly collection, the same series this report's figures come from, updated daily.
Signature loan rates averaged 11.163% on September 30, 11.291% on October 14, 11.252% on October 22, 11.333% on October 29 and 11.348% on November 4. Personal loan rates averaged 10.998%, 11.044%, 11.098%, 11.153% and 11.140% on the same dates, from 1,647 institutions and 3,925 rates.
Debt consolidation loan rates fell 0.013 percentage points to 10.981% on a pool of 170 institutions
Debt consolidation loan rates averaged 10.498% on September 30, 10.674% on October 14, 10.821% on October 22, 10.887% on October 28, 10.994% on October 29 and 10.981% on November 4. The average moved 0.107 percentage points between October 28 and October 29, on a pool of 170 institutions and 329 rates, the smallest of the three categories; with a pool that size, a few institutions entering or leaving can move the average. The rate any borrower is offered in these categories depends on credit profile.
Change since October 29, by loan category (percentage points)
This report's averages, October 29 to November 4. Red bars rose; green bars fell.
Personal loan APRs by category, October 29 and November 4
| Loan Category | October 29 APR | November 4 APR | Change Since October 29 |
|---|---|---|---|
| Signature Loans ▲Unsecured, based on your signature and credit | 11.333% | 11.348% | ▲ +0.015 |
| Personal Loans ▼The main category; deepest lender pool | 11.153% | 11.140% | ▼ -0.013 |
| Debt Consolidation Loans ▼Loans marketed for combining balances; small reporting pool | 10.994% | 10.981% | ▼ -0.013 |
| Compare live offers: signature loans · all personal loan rates | |||
| All APRs are national averages of what real licensed lenders are actually quoting to borrowers, not promotional teaser rates or rate aggregator estimates. This comparison runs October 29 to November 4, 2026. The debt consolidation category draws from a small reporting pool. Source: MonitorBankRates.com. | |||
Personal loan averages are 0.253 percentage points above where they stood on September 5
Personal loan rates averaged 10.887% on September 5 and 11.140% on November 4. Signature loan rates went from 11.059% to 11.348%, a difference of 0.289 percentage points, and debt consolidation loan rates from 10.575% to 10.981%, a difference of 0.406 percentage points. The Federal Open Market Committee raised its range to 3.75% to 4.00% on September 16 and held it on October 28. A personal loan's rate is fixed once the loan is signed, so a change in the average reaches only offers on loans not yet signed.
Monthly payment on a $15,000, 48-month personal loan at the November 4 averages
At the 11.140% personal loan average, borrowing $15,000 over 48 months runs about $388.70 a month with roughly $3,658 in total interest. At the 11.348% signature loan average the same loan runs about $390.22 a month. The credit card payoff calculator shows how long a balance takes to clear at a chosen payment, and the budget calculator sets monthly income against expenses to show what a loan payment leaves; both start from today's average rates, computed daily from more than 8,000 banks and credit unions, and state figures can be loaded. Borrowers comparing local lenders can line up Ohio personal loan rates against these national averages, and category history is on our personal loan rate trends page.
Personal loan averages on November 4
Signature loans average 11.348%, personal loans 11.140%, and debt consolidation loans 10.981%. The rate an individual borrower is offered depends on credit profile, loan term, and lender.
Data Coverage & Methodology
All APRs in this report are calculated from rates collected directly from institution websites by MonitorBankRates.com's proprietary systems, tracking what real licensed lenders are actually quoting to borrowers, not promotional teaser rates or rate aggregator estimates.
As of November 4, 2026, these averages were calculated from 6,400 individual rates verified across the three categories; the latest collection ran November 3, 2026. The table below shows how many lenders reported rates in each category.
| Loan Category | Institutions | Rates Verified |
|---|---|---|
| Personal Loans | 1,647 | 3,925 |
| Debt Consolidation Loans | 170 | 329 |
| Signature Loans | 909 | 2,146 |
| Total | 6,400 |
Category counts overlap because a lender's products can match more than one category.
This report is for general information and is not financial advice. The APR any borrower receives depends on credit profile, loan term, and lender; confirm current offers with lenders before making decisions.
