Rates for a 3-year fixed-rate personal loan are trending downward again after previously edging upward. Meanwhile, 5-year rates ticked up, but only by 0.30%. Borrowers can take advantage of the most interest savings over the life of their loan with a 3-year personal loan right now.
Whether a personal loan is right for you often depends on multiple factors, including what rate you can qualify for. Comparing multiple lenders and their rates could help ensure you get the best possible personal loan for your needs.
All Credible marketplace lenders offer fixed-rate loans at competitive rates. Because lenders use different methods to evaluate borrowers, it’s a good idea to request personal loan rates from multiple lenders so you can compare your options.
