<ul><li>Rates on personal loans are increasing, with the average fixed rate on a three-year loan for well-qualified borrowers at 14.39% and a five-year loan at 20.39% as of May 3, 2025.</li><li>Personal loan rates fluctuate based on credit score and other factors, with higher credit scores generally leading to lower interest rates.</li><li>Lenders determine and set their own personal loan rates, so it's important to compare rates from different lenders to secure the best deal.</li><li>When considering a personal loan, it's advisable to assess the necessity, understand the loan requirements, and compare offers from various institutions.</li></ul>

This Week’s Personal Loan Rates: May 6, 2025—Rates Are On The Rise

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