Question 1

What is a good APR for a personal loan?

Accepted Answer

For borrowers with good credit, personal loan APRs typically range from 6-15%. Excellent credit may qualify for rates below 6%. Rates above 20% are considered high.

Question 2

How much can I borrow with a personal loan?

Accepted Answer

Personal loans typically range from $1,000 to $100,000. The amount you qualify for depends on your credit score, income, and debt-to-income ratio.

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