# What is a good interest rate on a personal loan?

APRs on personal loans typically range from 6% to 36%, and consumer advocates agree APRs should not exceed 36%.

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## Subsequently, how much is the average personal loan?

The

Year Credit Union Bank
2019 9.36% 10.18%
2018 9.37% 10.14%
2017 9.16 % 10.06%
2016 9.17 % 10.09%
In this regard, which bank has lowest interest rate on personal loan? Which bank has the lowest interest rate on a personal loan? If you have a strong credit score, you can receive the lowest interest rate through LightStream. LightStream has rates as low as 2.49% if you enroll in autopay. Other lenders, like SoFi, PenFed, Wells Fargo, Marcus and U.S. Bank, offer rates as low as 5.99%.

## Then, what is the monthly payment on a \$30000 loan?

For example, the total interest on a \$30,000, 60-month loan at 4% would be \$3,150. So, your monthly payment would be \$552.50 (\$30,000 + \$3,150 ÷ 60 = \$552.50).

## What are the payments on a \$10 000 loan?

Your monthly payment on a personal loan of \$10,000 at a 5.5% interest rate over a 1-year term would be \$858.

## Which bank gives personal loan easily?

Money in bank within 24 hours*

Bajaj Finserv offers the fastest personal loans in India – with disbursal in just 24 hours* of your loan getting approved.

## How much loan can I get on 35000 salary?

Here taking a salary as ? 35k, & without any fixed monthly obligation, you can pay a maximum of ? 17,500 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ? 20,46,586 using a home loan eligibility calculator (assuming 3 household members).

## What is the monthly payment on a \$25 000 loan?

134.21 per month

Monthly Payment \$122.98
Total Paid \$44,274.59

## How can I get a low interest personal loan?

9 Ways to Improve Your Chances of Getting a Low Personal Loan Interest Rate

1. Shop around.
2. Get a co-signer.
4. Avoid fees.
5. Use collateral.
6. Work with a credit union.
7. Choose a shorter repayment period.