Personal Loan Rates Have Dropped More Than 10%. Here Are 4 Steps to Locking in the Best Rate

Personal Loan Rates Have Dropped More Than 10%. Here Are 4 Steps to Locking in the Best Rate

If you've been thinking about getting a personal loan, now might be a good time to apply. From Aug. 29 to Sept. 3, the average interest rates for three-year personal loans fell 10.04%, while the rate for a five-year loan decreased 4.56%. When you take out a personal loan, you get a lump sum of money that can then be used for whatever you want.