Keeping track of average personal loan rates can give you an idea of how much you’ll pay for a personal loan for debt consolidation, home improvement, emergencies or any other financial goal that requires quick funding with a fixed monthly payment. The average is often well below average credit card rates, making personal loans a great choice for credit card debt consolidation, so long as you qualify for those average rates.

The current average personal loan interest rate is 12.27%.

— Bankrate Monitor data for April 22, 2026

If you’re very rate-conscious, it’s also important to track how the lowest available rates are trending. You may qualify for a rate lower than current home equity or HELOC rates if you have excellent credit and know which lenders are offering the best rates.…