topic Re: Personal loan rates in Personal Finance

Personal loan rates

Sbrooks1 — Sat, 22 Apr 2023 17:51:45 GMT

What can you expect with excellent > 800 on all for an unsecured personal loan in todays market. What would you guys say is a good rate in this day and time. Thanks in advance!!

Re: Personal loan rates

Sleekride — Sat, 22 Apr 2023 18:23:02 GMT

Expect 8 + % minimum.

Re: Personal loan rates

CreditCuriosity — Sat, 22 Apr 2023 18:26:12 GMT

Rates are probably around 8-10% depending on term and obviously whom you use and purpose of loan and amount of loan etc. Lightstream use to have the lowest rates back when I had one with excellent credit not still sure if that is case or not

Re: Personal loan rates

Kforce — Sat, 22 Apr 2023 21:25:56 GMT

@CreditCuriosity wrote:
Rates are probably around 8-10% depending on term and obviously whom you use and purpose of loan and amount of loan etc. Lightstream use to have the lowest rates back when I had one with excellent credit not still sure if that is case or not

^^^^ This

Average from three of my CU's.

Used ( $30,000 Loan, Other - Reason, 830 - Ficos, $150,000 Income )

Numbers will depend on your real answers to the loan questions, profile, income, etc

12 -- 36 months = 9.39

36 -- 48 months = 9.99

60 -- 72 months = 10.24

Re: Personal loan rates

fury1995 — Sun, 23 Apr 2023 20:53:10 GMT

@Sbrooks1 wrote:
What can you expect with excellent > 800 on all for an unsecured personal loan in todays market. What would you guys say is a good rate in this day and time. Thanks in advance!!

You could also check with Amex Personal Loans

I've been offered up to $40K @ 6.98% for up to 48 months.

Re: Personal loan rates

pinkandgrey — Sun, 23 Apr 2023 21:44:00 GMT

Agreed. Probably around 10%.

Check Marcus and Discover. I've had both and they gave decent rates and made the whole process absurdly easy.

Re: Personal loan rates

Sbrooks1 — Wed, 26 Apr 2023 00:46:10 GMT

Went with Pen Fed, best rate for my loan terms for 60 months @ 10.2. Miss the days of 8 % personal loans but overall a really easy process. It is my 2nd personal loan with them, other paid off, but both times painless. Did realize I needed to cut some cards because I cant be trusted, so closed over 130000 in credit limit after paying off 40000 balance. Only kept PF and care credit for dog emergencies. No more mangaing multiple cards for me.

Re: Personal loan rates

MeredithLepore — Tue, 02 May 2023 08:57:56 GMT

10.2% is a good rate in today's market, so kudos. Closing those cards will certainly make it easier to manage CCs moving forward!