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Saturday, November 10, 2007

Personal Loan rates remain unchanged in the United States Friday

Average rates on personal loans in the United States remained unchanged at 14.69 percent on Friday, according to a Bankrate.com survey of personal loan rates released Friday.


Someone taking out a $3,000 personal loan at the current average would pay $145.02 a month for the life of the 24-month loan.

The highest rate in the U.S. on personal loans was 21.00 percent; the lowest rate was 6.73 percent. Six months ago, the average rate was 14.45 percent.

Some institutions quote a range of rates, and not a single rate. When they do, Bankrate includes the midpoint of the range as an institution’s entry in the rate survey.

To see all of the results of Bankrate.com’s surveys, go to www.bankrate.com.


The Your Best Interest report is a daily service of Bankrate.com, a financial news and information service based in North Palm Beach, Fla. Bankrate surveys more than 300 financial products from more than 4,800 institutions in all 50 states.



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