24-month loans at commercial banks, August 2026 · credit cards 22.36%
24-month loan at the average 11.90%
$470 a month| Year | Personal loan, 24 months | Credit cards |
|---|---|---|
| 2026 so far | 11.71% | 21.04% |
| 2025 | 11.50% | 21.22% |
| 2024 | 12.27% | 21.58% |
| 2023 | 11.87% | 20.90% |
| 2022 | 9.87% | 16.26% |
| 2021 | 9.38% | 14.60% |
| 2020 | 9.51% | 14.71% |
| 2019 | 10.32% | 15.05% |
| 2018 | 10.31% | 14.22% |
| 2017 | 10.13% | 12.89% |
| 2016 | 9.69% | 12.35% |
| 2015 | 9.75% | 12.08% |
| 2014 | 10.23% | 11.87% |
| 2013 | 10.20% | 11.91% |
| 2012 | 10.71% | 12.06% |
| 2011 | 10.88% | 12.74% |
| 2010 | 10.87% | 13.78% |
| 2009 | 11.10% | 13.40% |
| 2008 | 11.37% | 12.08% |
| 2007 | 12.38% | 13.30% |
| 2006 | 12.41% | 13.21% |
| 2005 | 12.06% | 12.51% |
| 2004 | 11.89% | 12.72% |
| 2003 | 11.96% | 12.30% |
| 2002 | 12.54% | 13.40% |
| 2001 | 13.22% | 14.87% |
| 2000 | 13.90% | 15.78% |
| 1999 | 13.39% | 15.19% |
| 1998 | 13.76% | 15.71% |
| 1997 | 13.90% | 15.79% |
| 1996 | 13.53% | 15.63% |
| 1995 | 13.94% | 15.99% |
| 1994 | 13.19% | 15.69% |
| 1993 | 13.47% | — |
| 1992 | 14.04% | — |
| 1991 | 15.18% | — |
| 1990 | 15.46% | — |
| 1989 | 15.44% | — |
| 1988 | 14.68% | — |
| 1987 | 14.22% | — |
| 1986 | 14.82% | — |
| 1985 | 15.94% | — |
| 1984 | 16.47% | — |
| 1983 | 16.68% | — |
| 1982 | 18.64% | — |
| 1981 | 18.09% | — |
| 1980 | 15.47% | — |
| 1979 | 13.85% | — |
| 1978 | 13.19% | — |
| 1977 | 12.97% | — |
| 1976 | 13.02% | — |
| 1975 | 13.08% | — |
| 1974 | 12.99% | — |
| 1973 | 12.60% | — |
| 1972 | 12.46% | — |
Average of the quarterly survey rates in each year. Credit cards are all accounts.
Source: Federal Reserve, G.19 Consumer Credit, data through August 2026.
insytesBI. (2026). Average personal loan rate: 11.90%. Data: Federal Reserve, G.19 Consumer Credit, August 2026. https://www.insytesbi.com/economy/personal-loan-rates/<a href="https://www.insytesbi.com/economy/personal-loan-rates/">Average personal loan rate: 11.90%</a>11.90% for a 24-month personal loan at U.S. commercial banks in August 2026 (Federal Reserve G.19), against 11.14% in August 2025. Online lenders and credit unions price differently, and your credit score moves the rate most.
Usually: the average personal loan rate is 10.46 points below the 22.36% average on credit card accounts paying interest. A fixed payment also ends the debt on a set date. Count any origination fee before you decide.
19.21% in November 1981. The lowest since 1972 was 8.73% in May 2022.
The Federal Reserve surveys banks’ personal loan rates once a quarter and publishes them in its monthly consumer credit report.