Reported 2 days ago
As of July 23, 2025, the average personal loan rate stands at 12.64% for borrowers with a 700 FICO score, while the lowest available rate is at 6.49%. Personal loans are often a better alternative to credit card debt due to lower interest rates, making them attractive for purposes like debt consolidation and emergencies. It's essential for borrowers to assess their credit score and shop around between banks, credit unions, and online lenders to find the best available rates.
Source: YAHOO