Personal Loan Rate Trends

Current Personal Loan Rate Trends

Personal Loan rose 0.083 points this week to 11.091%, up from 11.008% last week.

Personal loan rates are determined primarily by borrower creditworthiness, income, and debt-to-income ratio, not collateral. As unsecured products, they carry higher APRs than secured loans (mortgages, auto loans) but are faster to obtain and more flexible in use. Credit unions consistently offer the most competitive personal loan rates in the market.

Debt consolidation loan rates track closely with general personal loan averages. The key variable is whether the consolidation rate is lower than the weighted average rate of the debts being consolidated, typically high-APR credit cards. For borrowers with 700+ credit scores, credit union consolidation loans often achieve this threshold.

These averages are calculated from 7,879 verified personal loan rate quotes collected across 2,724 banks and credit unions reporting from all 50 states, updated daily by MonitorBankRates.com's proprietary systems. Rates reflect what real licensed institutions are actually quoting, not published rate sheet estimates.

State-Level Personal Loan Rate Heatmap

Hover over a state to see its current Personal Loan average APR, rank and weekly change. Click any state to view its complete historical trend report.

States colored by quartile of current Personal Loan APR averages. Hover any state for its rate, rank and weekly change; click to open that state’s trend page. Rates shown to two decimals on the map, three in the tooltip.

Download map (PNG) Free to reuse with the citation shown on the image.

Weekly Personal Loan Rate Reports

Weekly average personal loan rate data releases from MonitorBankRates.com.

For Media, Researchers & Financial Professionals

The personal loan rate averages on this page are calculated from our database of over 8,500 banks and credit unions actively reporting APRs across all 50 states. Our proprietary systems collect and verify lending rates daily, tracking what real licensed institutions are actually offering to borrowers, not dealer-arranged or promotional financing.

Unlike rate comparison sites that show only a handful of institutions, MonitorBankRates maintains a continuously updated personal loan rate database spanning community banks, regional lenders, large institutions, and credit unions across all 50 states. This scale allows us to calculate averages that reflect the full lending landscape, not just the most aggressive advertisers, giving consumers, journalists, and financial professionals a more accurate benchmark for current personal loan APRs.

Journalists, financial professionals, and academic researchers are welcome to cite and reference this data for editorial, research, and educational purposes. Please attribute MonitorBankRates.com when referencing our figures, and optionally link to https://www.monitorbankrates.com/personal-loan-rates/trends/. For custom data pulls, contact us here.

Personal Loan Rate Trends

Daily average rates since April 13, 2026. Hover over the chart to see exact rates for each day.

Averages from 7,879 rate quotes across 2,724 U.S. banks & credit unions • As of Oct 16, 2026

Historical Personal Loan Rate Trends

Quarterly average personal loan rates at U.S. credit unions, 1994 to present. Different methodology from the daily chart above, this series reflects portfolio rates that credit unions self-report to NCUA each quarter.

Based on reporting credit unions (latest quarter, U.S.).
Source: MonitorBankRates.com analysis of NCUA Call Report data, 1994 to present. Quarterly weighted averages calculated from credit union rate filings, weighted by personal loan portfolio balance.

Complete State Trends Data