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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 lower for 3-year loans and higher 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 August 1 and August 7:
- Rates on 3-year fixed-rate loans averaged 15.88%, down from 16.49% the seven days before and up from 15.34% a year ago.
- Rates on…
