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The average interest rate on a personal loan can vary depending on factors such as credit score, loan amount, and loan term. According to Bankrate, the average interest rate for a personal loan in 2021 is 9.41% for a 36-month loan and 10.12% for a 60-month loan. However, interest rates for personal loans can range from around 5% to 36%.
Learning financial topics and understand how it actually impacts you personally can be daunting, but our mobile app makes it easier to understand a variety of effects such as interest rates, inflation and taxation on your long-term savings.
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