Personal Loan Rates by State (May 2026) — All 50 States | State Loan Rates

Personal Loan Rates by State — All 50 States (May 2026)

Last updated: May 21, 2026 · Rates updated daily

Personal loan rates currently range from 8.5% to 35% APR depending on your credit score, loan amount, and lender. Unlike mortgages, personal loans are unsecured — no collateral required. Commonly used for debt consolidation, home improvement, and major purchases.

Excellent credit

8.5–12%

720+ score

Good credit

12–18%

680–719 score

Fair credit

18–28%

620–679 score

Average APR

~11.3%

All borrowers

Typical term

2–7 years

Most lenders

Personal loan tip: Rates vary enormously by lender — the same borrower can see a 5–10% difference between lenders. Always get quotes from at least 3 lenders including your bank, a credit union, and an online lender. Credit unions consistently offer the most competitive rates.

Personal Loan Rates — All 50 States

Click any state to see detailed rate comparisons and local market information.

Alabama6.45% APR › Alaska6.60% APR › Arizona6.53% APR › Arkansas6.43% APR › California6.65% APR › Colorado6.60% APR › Connecticut6.67% APR › Delaware6.57% APR › Florida6.45% APR › Georgia6.50% APR › Hawaii6.85% APR › Idaho6.55% APR › Illinois6.55% APR › Indiana6.46% APR › Iowa6.45% APR › Kansas6.46% APR › Kentucky6.44% APR › Louisiana6.52% APR › Maine6.60% APR › Maryland6.65% APR › Massachusetts6.70% APR › Michigan6.50% APR › Minnesota6.52% APR › Mississippi6.44% APR › Missouri6.48% APR › Montana6.57% APR › Nebraska6.46% APR › Nevada6.52% APR › New Hampshire6.62% APR › New Jersey6.68% APR › New Mexico6.50% APR › New York6.72% APR › North Carolina6.48% APR › North Dakota6.46% APR › Ohio6.48% APR › Oklahoma6.47% APR › Oregon6.63% APR › Pennsylvania6.55% APR › Rhode Island6.65% APR › South Carolina6.46% APR › South Dakota6.47% APR › Tennessee6.47% APR › Texas6.58% APR › Utah6.58% APR › Vermont6.63% APR › Virginia6.58% APR › Washington6.62% APR › West Virginia6.45% APR › Wisconsin6.50% APR › Wyoming6.55% APR ›

Understanding Personal Loan Rates

Personal loans are unsecured installment loans — no collateral required. Interest rates are significantly higher than mortgage rates due to this higher risk. The average personal loan APR is approximately 11–12%, ranging from below 9% for excellent credit to above 30% for poor credit.

The most common use of personal loans is debt consolidation — rolling high-interest credit card balances into a single lower-rate personal loan. If you’re paying 22–25% on credit card debt, a 12% personal loan can save substantial interest.

Personal loan rates vs credit score

Your credit score is the single biggest factor. Scores above 720 typically qualify for 8–12% rates. Scores 680–720 often see 12–18%. Below 680, rates climb quickly — many lenders charge 20–35% for scores below 620.

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Frequently Asked Questions

What are today’s personal loan rates?

As of May 2026, personal loan APRs range from ~8.5% for excellent credit (720+) to 35%+ for poor credit. The average across all borrowers is ~11.3%.

What credit score do I need for a personal loan?

Most lenders require 580–600 minimum. For the best rates (under 12% APR), aim for 720+.

Personal loan vs home equity loan?

Home equity loans offer lower rates (6–9%) but put your home at risk. Personal loans are faster, unsecured, and better for amounts under $30,000–$50,000.

How do I get the best personal loan rate?

Improve your score to 720+, compare 3–5 lenders, consider a credit union, and choose the shortest term you can afford.

Disclaimer: Rates shown are for informational purposes only. State Loan Rates is not a lender or broker. Always verify rates with lenders. Full disclaimer