Process & terms

What's a good APR for a personal loan?

Short answer

Depends on your credit tier. Below 8% is excellent (requires 740+ FICO). 8-13% is good (670-739 FICO). 14-22% is fair (620-669 FICO). 23-35% is the subprime range (below 620 FICO). Anything above 35.99% is illegal in most U.S. states for unsecured personal loans.

Context

The 'good APR' bar shifts dramatically by credit tier because lender risk-pricing is steep. The same borrower's FICO score moving from 660 to 720 typically shifts their available APR by 6-10 percentage points.

For any specific borrower, a 'good' offer is one that's at or below the median APR of 4-5 pre-qualifications across mainstream lenders. If your fourth offer is dramatically lower than the others, verify the lender's reputation before accepting; suspiciously-low offers sometimes come with deferred origination fees or unfavourable contract terms.

Editorial

Reviewed by: Compliance Review
Last reviewed: May 22, 2026

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