Best Medical Loans of December 2023
What Are the Current Personal Loan Rates?
The average personal loan rate is 11.54% as of December 6, according to a Bankrate survey. Personal loan interest rates are trending higher over the past several months, increasing by about half-a-point since early July:
Personal loan rates vary widely based on creditworthiness. Borrowers with very good or excellent credit scores will see much lower interest rates than those with fair or poor credit. Often, borrowers with bad credit will apply for a secured personal loan that uses an asset as collateral in order to achieve lower rates:
Bankrate Averages
What Is a Medical Loan?A medical loan is typically an unsecured personal loan that can be used for medical expenses. An unsecured loan does not require collateral. Your l...