What are personal loan rates right now in June 2026?
Personal loan APRs in June 2026 range from approximately 7.49% (excellent credit, top lenders) to 35.99% (fair/poor credit). The Federal Reserve held the federal funds rate at 4.25%-4.50% in early 2026, keeping personal loan rates elevated but stable compared to the 2022-2024 hiking cycle. Rates vary significantly by credit score and lender.
Context
Current rate environment (June 2026): The Federal Reserve's federal funds rate target is 4.25%-4.50% following two 2025 rate cuts from a 2024 peak. The Prime Rate stands at approximately 7.50%. Personal loan rates are indexed to prime plus lender margin, so current average rates are:
Excellent credit (750+): 7.49%-12.99% at top lenders (LightStream, SoFi, Marcus) Good credit (700-749): 10%-18% from mainstream lenders Fair credit (650-699): 15%-25% from lenders like Upgrade and LendingClub Near-prime (600-649): 20%-35% from Avant and similar lenders Below 600: 25%-36% with very limited lender options
Best-rate lenders in June 2026: LightStream continues to offer the lowest published rates (7.49%-25.49% with AutoPay). SoFi offers 8.99%-25.81%. Marcus by Goldman Sachs offers 6.99%-24.99%. LendingClub, Upgrade, and Discover compete in the 9%-29% range for good-to-fair credit.
Rate trend: Rates are modestly declining from 2024 highs as the Fed eases. Borrowers who took personal loans in 2023-2024 at peak rates may find refinancing worthwhile if their credit has also improved since origination.
Shopping recommendation: Pre-qualify with 3-5 lenders using soft pulls. The rate spread between best and worst offer for the same borrower is typically 6-12 percentage points - shopping takes 30 minutes and can save thousands over the loan term.
- Reviewed by
- Compliance Review
- Last reviewed
- June 15, 2026
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