Reported 4 days ago
In 2024, personal loan interest rates remained relatively stable, ending the year around 12.29%, despite expectations of Fed rate cuts. However, favorable economic conditions and improved credit availability may lead to lower rates in 2025, particularly for borrowers with good credit. Increasing demand for personal loans is being driven by the convenience of quick transactions through mobile apps. Consumers are advised to evaluate their financial health and credit scores before borrowing, as managing debt effectively is crucial for securing the best loan rates.
Source: YAHOO