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 ...

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.

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 ...

The average personal loan interest rate for consumers with good credit (690 to 719 credit score) is currently 16.48%, according to aggregate, anonymized offer data from users who pre-qualified for ...

Personal loans can be an excellent option if you want to consolidate high-interest debts or need cash for a home improvement project or other major expense and can afford repayment. Not only are ...