Personal loan rates increased last week but highly qualified borrowers can still secure reasonable rates.
The average fixed rate on a three-year personal loan for borrowers with a credit score of at least 720 was 13.93% as of May 31, 2025, up from 12.99% the previous week.
Well-qualified borrowers can receive rates below the average, influenced by factors such as credit profile and chosen loan terms.
It is advisable to shop around for the best rates when considering a personal loan, as rates vary among lenders and depend on factors like credit score and loan term.