If you get a 5-year personal loan at 6%, you’d pay about $97 per month and you’d be debt-free in 5 years with a total interest bill of $800,” says Ted Rossman, senior industry analyst at ...

The average credit card interest rate in the first quarter of 2022 was 16.17%, compared to 9.41% for a 24-month personal loan, according to Federal Reserve data.

Key points Personal loan interest is not tax-deductible on a general basis, but certain uses could potentially qualify you to deduct interest or expenses paid. Certain lenders may restrict your ...

HDFC Bank personal loan interest rates for July 2025 range from 10.90% to 24% p.a., with flexible tenure, eligibility based on credit score, income, and minimal documentation.

In general, personal loan rates are almost always lower than the interest on a credit card, but they can still add substantial costs to your borrowed amount. You can find a wide range of ...