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March 17, 2021 8:20 AM Kiah Treece - Forbes Advisor
Posted:
Updated:
March 19, 2021 7:02 AM
A good interest rate on a personal loan is one that’s lower than the national average less than 12% in March 2021. That said, the actual interest rate you’ll qualify for depends on several factors, and lenders frequently charge other fees that can make a loan more expensive. To keep costs low, make sure you understand what constitutes a good interest rate. This will make it easier to shop for competitive terms and ensure you get the best deal possible.
To help you find a loan that meets your needs, we’ll show you what a good interest rate on a personal loan is and how to get the lowest rate possible.