Personal Loans — Rates & Calculator 2026
Unsecured rates from 30 lenders · FRED 24-mo 11.86% — pick a bank or enter your own rate.
Personal Loan Payment
Amount, term and rate — bank or manual. Extra $/mo accelerates payoff.
Federal Reserve · quarterly updates
| Lender | APR from | Max | Your payment (24 mo) ? |
|---|---|---|---|
| Upstart ★ Best | 6.40% | $50k | — |
| LightStream ★ Best | 6.49% | $100k | — |
| Wells Fargo ★ Best | 6.74% | $100k | — |
| Marcus by Goldman Sachs | 6.99% | $40k | — |
| Upgrade | 7.40% | $50k | — |
| Regions Bank | 7.49% | $50k | — |
| U.S. Bank | 7.74% | $50k | — |
| Discover | 7.99% | $40k | — |
| TD Bank | 7.99% | $50k | — |
| Truist | 7.99% | $100k | — |
| Citizens Bank | 7.99% | $100k | — |
| Huntington Bank | 8.24% | $50k | — |
| Fifth Third Bank | 8.24% | $50k | — |
| PNC Bank | 8.49% | $35k | — |
| First Tech CU | 8.49% | $50k | — |
| Navy Federal CU | 8.74% | $50k | — |
| Navy Federal CU 2 | 8.74% | $50k | — |
| SoFi | 8.99% | $100k | — |
| Bank of America | 8.99% | $50k | — |
| Capital One | 8.99% | $50k | — |
| Ally Bank | 8.99% | $50k | — |
| KeyBank | 8.99% | $50k | — |
| BMO Harris | 8.99% | $50k | — |
| Best Egg | 8.99% | $50k | — |
| M&T Bank | 9.49% | $50k | — |
| Citibank | 9.99% | $50k | — |
| Chase | 9.99% | $50k | — |
| PenFed CU | 9.99% | $50k | — |
| Alliant CU | 9.99% | $50k | — |
| American Express | 9.99% | $40k | — |
Starting rates for excellent credit. Your payment = monthly payment for the Amount and Term you set above, at that lender’s APR from — formula P·r·(1+r)^n/((1+r)^n−1) (r=APR/12, n=months). Updates live as you change Amount/Term.
What a personal loan costs in 2026
The Federal Reserve’s 24-month commercial-bank average is 11.86% (2026-05-01). Private starting offers on this page begin at 6.40% (Upstart) and range to ~10% for prime borrowers. All numbers are live from official sources — updated automatically. Use the calculator to see how $15k over 36 months at 11.86% compares to a bank “from” rate.
24 vs 36 vs 60 months — trade-off
Short terms (24 mo) minimize total interest but raise the monthly; 60 mo does the opposite. Add Extra / mo to model snowball payments — e.g., $50 extra on $15k at 11.86% cuts interest and months as shown in Payoff. Origination fees are not in APR here — ask the lender and add them to principal when comparing.
How to compare lenders correctly
- Sort by Your payment column — it recalculates live as you change amount/term.
- Check Max: Marcus caps $40k, SoFi $100k — match to your need.
- Fixed APR only here; no variable personal loans in this dataset.
- Pre-approval is soft-pull — shop 3 “Best” without hurting score.
When personal beats alternatives
Personal wins for consolidating high-APR card debt (cards avg ~20% vs personal ~11.86%) and for mid-size one-time needs. It loses to auto (collateral = lower rate) and to 0% intro cards if you can repay in 12–18 months. The 24-point FRED chart above shows personal rates fell from ~12.5% in 2024 to 11.86% now — still elevated vs 2021 (~9%).
Sources: the Federal Reserve 24-month average (FRED G.19) and LifeIndexData 30-bank file (2026-09-10). Not financial advice. Disclaimer · All loans
Frequently asked questions
What data does this page show?
Compare 6.40% from 30 lenders (best) vs FRED 24-mo 11.86% national avg. Use 24/36/60-mo calculator with extra payment, live table and 24-mo trend. Updated 2026.
How current are the figures?
All figures reflect 2026 and update automatically from official sources.
Where do the numbers come from?
All figures are compiled from official U.S. government public data and refreshed automatically. LifeIndexData is 100% free to use and fully independent: we are not affiliated with, sponsored by, or compensated by any bank, lender or financial institution, and advertising never influences our data or rankings.
How do I cite this page?
LifeIndexData. "Personal Loans From 6.40% — FRED 11.86% Avg, 30 Banks, Calculator (2026)" (2026). https://lifeindexdata.com/usa/tools/loans/personal/
Is this financial advice?
No. All data is informational only — see our Disclaimer before making decisions.