Average personal loan rate
Personal loan, 24 months
11.86%
Source: Federal Reserve G.19, finance rate on 24-month personal loans at commercial banks (FRED TERMCBPER24NS). An average, not an offer.
Over time
| Survey | 24-month personal loan |
|---|---|
| May 2026 | 11.86% |
| February 2026 | 11.40% |
| November 2025 | 11.65% |
| August 2025 | 11.14% |
| May 2025 | 11.57% |
Payments at the bank average
- $5,000 personal loan: $165.74 a month over 36 months, $110.87 over 60.
- $10,000 personal loan: $331.47 a month over 36 months, $221.74 over 60.
- $20,000 personal loan: $662.95 a month over 36 months, $443.48 over 60.
Questions
What is the average personal loan rate?
11.86% on 24-month personal loans at commercial banks in the Fed's May 2026 survey.
Do online lenders charge the same?
Often not. Online lenders lend to a wider range of credit and many add origination fees, so their APRs range well above the bank average.
How often is this updated?
Quarterly: the Fed surveys banks in February, May, August and November and publishes the results in the G.19 release.
What would 11.86% cost on $10,000?
$331.47 a month over 36 months.
Sources
- Personal loan, 24 months average: 11.86%. Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBPER24NS, as of May 1, 2026; retrieved September 26, 2026.
Numbers on this page last changed September 26, 2026. How they are calculated: methodology.