Loan Details
$
%
mos
Common terms: 24, 36, 48, 60, 84 months
%
Typically 1–8% of loan amount
Monthly Payment
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—
Total Interest
—
cost of borrowing
Total Cost
—
principal + interest
Effective APR
—
inc. origination fee
Amortization Summary
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|
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Personal Loan Rates by Credit Score (2025)
Personal loan APRs vary widely based on your credit profile, income, and lender. Here are current benchmarks to help you evaluate an offer:
| Credit Score | Credit Tier | Typical APR Range | Monthly on $15K / 36mo |
|---|---|---|---|
| 760+ | Excellent | 5.99% – 10.99% | $456 – $491 |
| 720–759 | Very Good | 10.99% – 14.99% | $491 – $520 |
| 680–719 | Good | 14.99% – 19.99% | $520 – $558 |
| 640–679 | Fair | 19.99% – 26.99% | $558 – $606 |
| Below 640 | Poor | 26.99% – 36%+ | $606+ |
💡 Tip: Always compare the APR (Annual Percentage Rate), not just the interest rate. APR includes origination fees and gives a true cost comparison across lenders.
Frequently Asked Questions
What credit score do I need for a personal loan?
Most lenders require a minimum credit score of 580–600, but you'll need 680+ to qualify for competitive rates. The best personal loan rates are reserved for borrowers with scores of 720 or higher. Some lenders specialize in bad credit personal loans (scores below 580) but charge much higher rates — often 30–36% APR. If your score is below 640, consider improving it first or using a secured loan to access better terms.
How much can I borrow with a personal loan?
Personal loan amounts typically range from $1,000 to $100,000, with most lenders offering $2,000–$50,000. The amount you're approved for depends on your income, debt-to-income ratio (DTI), and credit score. Lenders generally want your total monthly debt payments (including the new loan) to be below 40–50% of your gross monthly income.
What's the difference between secured and unsecured personal loans?
Unsecured personal loans require no collateral and are approved based on creditworthiness — these are the most common. Secured personal loans require collateral (savings account, car, or other asset), which reduces the lender's risk and usually means lower rates. If you default on a secured loan, the lender can seize the collateral. Most "personal loans" you see advertised are unsecured.
Should I use a personal loan to pay off credit card debt?
If you can get a personal loan at a lower rate than your credit card APR, debt consolidation can save significant money. Average credit card APR is around 20–24%, while personal loan rates for good credit borrowers are 10–15%. On $10,000 of debt, a 10% personal loan vs a 22% credit card saves about $1,200+ in interest over 36 months. Just avoid running up the cards again after paying them off — that's the most common pitfall.
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