Considering a personal loan? Here’s exactly what you can expect to pay for one this week, based on your credit score

Considering a personal loan? Here’s exactly what you can expect to pay for one this week, based on your credit score
·5 min read

For those with excellent credit, the average personal loan APR for the week beginning October 18th was 13.47% for a three-year loan, and 14.29% for a five-year loan, according to data released Monday from Bankrate. What is a personal loan? A personal loan is a loan issued by an online lender, bank, or credit union, usually in an amount ranging from about $1,000 to $100,000.

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