Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average Personal Loan Rates Rise to 11.098% as Signature Loan Rates Fall to 11.252%
Signature loan rates fell 0.039 points to 11.252% between October 14 and October 22, while personal loan rates rose 0.054 points to 11.098% APR and debt consolidation loan rates rose 0.147 points to 10.821%. A personal loan's rate is fixed once the loan is signed.
Rates on signature loans fell 0.039 points to 11.252% between October 14 and October 22. Average personal loan rates rose 0.054 points to 11.098% APR, and debt consolidation loan rates rose 0.147 points to 10.821%, the largest change of the three, from a reporting pool of 119 institutions.
Key takeaways
- Signature loan rates fell 0.039 points to 11.252%, from 11.291% on October 14.
- Personal loan rates rose 0.054 points to 11.098% APR, from 11.044% on October 14; debt consolidation loan rates rose 0.147 points to 10.821%, from a reporting pool of 119 institutions.
- The Federal Reserve's target range has been 3.75% to 4.00% since September 16; a personal loan's rate is fixed once the loan is signed.
- Borrowing $10,000 over 36 months at the 11.098% personal loan average runs about $327.85 a month, with roughly $1,803 in total interest.
Signature loan rates fell 0.039 points to 11.252%
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 11.206% on September 23, 11.201% on September 30, 11.291% on October 14 and 11.252% on October 22. Personal loan rates averaged 11.009% on September 23, 11.013% on September 30, 11.044% on October 14 and 11.098% on October 22. The October 22 averages come from 1,696 institutions reporting signature loans and 1,673 reporting personal loans.
Debt consolidation loan rates rose 0.147 points to 10.821%, after 10.503% on September 30 and 10.674% on October 14. That average comes from 119 reporting institutions, the smallest pool of the three, and 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 14, by loan category (percentage points)
This report's averages, October 14 to October 22. Red bars rose; green bars fell.
Personal, signature and debt consolidation APRs on October 22
| Loan Category | October 14 APR | October 22 APR | Change Since October 14 |
|---|---|---|---|
| Signature Loans ▼Unsecured, based on your signature and credit | 11.291% | 11.252% | ▼ -0.039 |
| Personal Loans ▲The main category; deepest lender pool | 11.044% | 11.098% | ▲ +0.054 |
| Debt Consolidation Loans ▲Loans marketed for combining balances; small reporting pool | 10.674% | 10.821% | ▲ +0.147 |
| 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 14 to October 22, 2026. The debt consolidation category draws from a small reporting pool. Source: MonitorBankRates.com. | |||
Personal loan averages since the Fed's September 16 increase
The Federal Reserve raised its target range to 3.75% to 4.00% on September 16, its first increase since 2023, and the range has not changed since. Personal loan rates averaged 10.899% that day and 11.098% on October 22, 36 days later, a difference of 0.199 points. 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. Lenders price offers from a borrower's credit profile, the loan term, and their own standards.
A $10,000 personal loan over 36 months at the October 22 average
At the 11.098% personal loan average, borrowing $10,000 over 36 months runs about $327.85 a month with roughly $1,803 in total interest. The debt consolidation calculator compares existing balances against a new loan, and the budget calculator sets monthly income against expenses to show what a payment leaves; both use rate data computed daily from more than 8,000 banks and credit unions. Borrowers comparing local lenders can line up Georgia personal loan rates against these national averages, and category history is on our personal loan rate trends page.
Where personal loan averages stand on October 22
Personal loans average 11.098%, signature loans 11.252%, and debt consolidation loans 10.821%. A personal loan's rate is fixed once signed. 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 October 22, 2026, these averages were calculated from 7,959 individual rates verified at 2,741 banks and credit unions; the latest collection ran October 21, 2026. The table below shows how many lenders reported rates in each category.
| Loan Category | Institutions | Rates Verified |
|---|---|---|
| Personal Loans | 1,673 | 4,405 |
| Debt Consolidation Loans | 119 | 213 |
| Signature Loans | 1,696 | 4,276 |
| Total (distinct institutions) | 2,741 | 7,959 |
Category counts overlap because a lender's products can match more than one category; the total row counts each institution once across the full personal loan universe.
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.
