Personal loan rates are the amount of interest a lender will charge on this type of lending vehicle. Actual rates charged to borrowers for personal loans can vary depending on a number of factors. As it is with all loans, the lower interest rates and fees happen to be, the less the overall cost of the loan will be. Personal loan rates tend to vary from lender to lender. They can also differ based on a person’s credit standing. The better credit standing, the more likely it is rate offered will be lower.

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4 Factors that Contribute to Fluctuating Interest Rates on Personal Loans

There are large-scale and individual factors that work together to create fluctuating interest rates. When you apply for a personal loan, your loan rates... »

How a Recession Can Affect Personal Loan Rates

The national credit market directly affects personal loan rates. During a recession, the national credit market suffers tremendously. As business and people alike default... »

Convincing Your Private Loan Lender to Lower Interest

A private loan lender may be more willing to lower your private loan interest rate and provide you with a better deal. In not... »

Tracking Private Loan Rate Trends

The private loan rate trends for personal loans can be tracked in order to determine patterns and opportunities for borrowing. Private loan rates mirror the... »