Our personal loan services is to assist you for just about any purpose, including debt consolidation, an unexpected medical bill, a new appliance, a vacation, or even a student loan. You pay the money back—including interest—in monthly installments over time, usually two to five years.
The interest you pay is expressed as an annual percentage rate (APR). The average APR on a personal loan is 9.41% as of June 2020, but it can range from 6% to 36% depending on your creditworthiness, including an examination of your income, debts, and credit score.