From March 3 to March 8, average fixed interest rates on three-year personal loans dropped from 14.02% to 13.21% for borrowers with a credit score of at least 720.
For five-year personal loans, rates fell from 19.89% to 18.79%.
Interest rates for personal loans vary based on credit profile and the lender.
Consider personal loans only when necessary and compare rates from different lenders.