Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for both 3- and 5-year loans compared to the previous seven days.
For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between Sep. 20 and Sep. 26:
- Rates on 3-year fixed-rate loans averaged 11.47%, down from 11.93% the previous seven days and up from 10.70% a year ago.
- Rates on 5-year fixed-rate loans averaged 15.50%, down from 15.95% the previous seven days and up from 14.35% a year ago.
