Personal Loan Rates Today
Personal loan rates stand at 11.86% in the latest published reading of May 1, 2026, according to Federal Reserve Board (G.19), via FRED. Personal loan rates today from the Federal Reserve G.19 release, compared with average credit card APRs, so you can see whether consolidating actually lowers your rate.
Personal loan, 24-month bank rate
11.86%
Federal Reserve Board (G.19), via FRED, observation of May 1, 2026.
- One month ago
- 11.86%
- One year ago
- 11.57%
- 12-month high
- 11.86%
- 12-month low
- 11.14%
| Series | Now | Observed | 1 month ago | 1 year ago | 12-month change | 12-month range |
|---|---|---|---|---|---|---|
| Personal loan, 24-month bank rate | 11.86% | 11.86% | 11.57% | +0.29 pts | 11.14% – 11.86% | |
| Credit card APR, all accounts | 20.94% | 20.94% | 21.16% | -0.22 pts | 20.94% – 21.39% | |
| Federal funds rate | 3.63% | 3.63% | 4.33% | -0.70 pts | 3.63% – 4.33% |
Sources: Federal Reserve Board (G.19), via FRED; Federal Reserve Board (G.19), via FRED; Federal Reserve via FRED.
What moves personal loan rates
- Credit score, which drives more of the spread on unsecured personal loans than on any other consumer product.
- The absence of collateral. Nothing backs the loan, so pricing sits above secured borrowing and below credit cards.
- Term and amount. Two- and three-year loans price below five- and seven-year ones.
- Origination fees, often deducted from the amount you receive, which is why APR matters more than the quoted rate.
We publish what has been observed and who published it. We do not forecast where this rate goes next.
Consolidating only works with a written payoff order
Get a plan that names the order, the rate and the date each balance clears, before you take another loan.
Get a payoff planEditorial disclosure — Some companies listed here are commercial brands. We select them editorially from public regulatory data and are never paid for placement or ranking. Read our full disclosure.
Frequently asked questions
Is a personal loan cheaper than a credit card?
On average yes, and the table on this page shows both Federal Reserve series so you can check the current gap. Consolidating only helps if the loan APR, including fees, is genuinely below your card APR and you stop adding to the card.
What rate will I be offered?
Personal loan pricing spreads widely by credit score. The published average sits in the middle of a range that runs from single digits to well above card rates for weaker files.