Historical personal-loan rate benchmark

24-month personal-loan rates at commercial banks

Percent APR, not seasonally adjusted. Sources checked 2026-11-09. Annual and quarterly observations are kept separate; the source-release date identifies the vintage used.

Annual observations: 2016–2025

2016–2020 uses the June 2021 archived release; 2021–2025 uses the November 2026 release. This is not a single latest-revised data vintage.

Chart scale: 0% to 15%. The table provides exact values and source vintages.

Recent quarterly observations

How to read this benchmark

• Annual 2016–2020 values are the archived June 7, 2021 release snapshot; annual 2021–2025 and recent quarterly values use the November 6, 2026 release. Sources and vintage dates are shown per row.
• The source describes commercial-bank personal-loan rates as unweighted averages of each bank’s most common rate in the first calendar week of the middle month of each quarter.
• The reported rates are APRs under Regulation Z. They should not automatically be used as note interest rates in payment formulas.
• The benchmark does not represent all lenders, a credit-score tier, an eligibility threshold, or a promise of a future rate.
• Historical observations can be revised; preserve the release date when refreshing.
• This is a combination of dated release snapshots, not a single latest-revised historical download. Do not interpret an annual-to-quarterly change as a like-for-like year-over-year move.

These observations describe the specified commercial-bank series. They are not current offers, a whole-market average or a quote for a credit-score group. Read the methodology in the Federal Reserve source release.

Compare a real offer separately

Keep disclosed APR separate from the contractual note rate used in the payment formula. Use the equal-cash comparison with the actual fee basis and note rate. The CSV is a dated source snapshot, not a live feed.

Refresh method: review the official release’s 24-month personal-loan row, time-period headings and methodology. Preserve the source URL, vintage and check date for each observation.

Percentage points are not the same as a percentage change

A move from 10% to 12% is an increase of two percentage points. Relative to the starting 10%, it is a 20% increase. The same numerical change does not translate directly into a dollar installment change: principal, term, note rate and fees still matter.

Do not estimate a “fair” personal rate by subtracting a credit-score adjustment from this series. The source does not supply that adjustment, and the site has no measured approval or personal-pricing model.