Personal Loan Rates by Credit Score
| Credit Score | Typical APR | Rating |
|---|---|---|
| 740+ | 6-10% | Excellent |
| 670-739 | 10-15% | Good |
| 580-669 | 15-25% | Fair |
| Below 580 | 25-36% | Poor |
Personal Loan Calculator
Estimate monthly payments and total cost for unsecured personal loans.
Loan Breakdown
📐 How We Calculate — Learn about our calculation methodology, data sources, and quality standards.
Frequently Asked Questions
What is a good interest rate for a personal loan?
Excellent credit (740+) gets 6-10%. Good credit (670-739) gets 10-15%. Fair credit usually sees 15-25%.
Does a personal loan affect my credit score?
Applying causes a small temporary dip from the hard inquiry. The loan can help your score through credit mix diversity and payment history. Consolidation lowers credit utilization.
Should I consolidate debt with a personal loan?
Yes, if the personal loan rate is lower than your current debts. Just don't keep adding to those credit card balances afterward.