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The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly. (iStock)
Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before.
For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between June 6 and June 12:
- Rates on 3-year fixed-rate loans averaged 15.83%, up from 15.57% the seven days before and from 14.16% a year ago.
- Rates on 5-year…
