What Rising Personal Loan Rates Mean For Borrowers

Annie Millerbernd, NerdWallet.com
Thu, 11/10/2022 - 10:17am

Personal loan rates from banks, credit unions and online lenders are up after repeated interest rate hikes from the Federal Reserve this year, the latest of which came last week. The finance rate on 24-month personal loans from banks jumped from 8.73% in May to 10.16% in August, according to the latest data from the... Annie Millerbernd writes for NerdWallet.

NEXT
Topics:  personal finance   
RELATED ARTICLES
    BING NEWS:
    • Lowest credit score for personal loan: Here’s what you must know
      Wondering if you can get a personal loan with a low credit score? Discover the minimum credit score requirements in India and learn how to improve your score for better loan offers and lower interest ...
      01/21/2025 - 4:30 pm | View Link
    • Personal loans under Rs 10,000 record higher default rate
      Small-ticket personal loans under Rs 10,000 saw higher delinquency rates, especially for loans taken between Dec 2023 and June 2024. NBFCs, focusing o ...
      01/19/2025 - 6:14 am | View Link
    • Budget 2025: Will home loan relief become a reality? Experts weigh in
      The affordability of home loans depends heavily on fiscal policies and potential relief measures in Budget 2025 ...
      01/16/2025 - 11:37 pm | View Link
    • Mortgage rates top 7% once again
      With sticky inflation and rising bond yields, mortgage rates continue to move higher. The Mortgage Bankers Association, whose readings are often slightly h ...
      01/15/2025 - 3:10 am | View Link
    • This Week’s Personal Loan Rates: January 14, 2025—Rates Jump Up
      Rates on personal loans are inching up. Still, if you’re in the market for a personal loan to finance a project, vehicle purchase, unexpected bills or to improve your cash flow, it’s possible to pick ...
      01/15/2025 - 2:13 am | View Link
    • More

     

    NEXT
    Welcome to Wopular!

    Welcome to Wopular

    Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

    Senh Duong (Founder)
    Wopular, MWB, RottenTomatoes

    Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

    MoviesWithButter : Our Sister Site

    Movies With Butter More Movie News

    More Personal Finance News