/loans
Best Personal Loan Rates of June 2026
Real APRs on auto, personal, and home-equity loans from banks, credit unions, and fintech lenders. Benchmarked against the Fed's G.19 release (48-mo auto and 24-mo personal).
Auto · Personal · HELOC — APR by lender● LIVE FEED
| Lender | APR | Status | ||
|---|---|---|---|---|
LightStream Auto · 60-mo · Min credit 660 · $5k–$100k · No origination fee · No fees, rate beat program | 6.49% APR | Top Auto | ||
PenFed Credit Union Auto · 60-mo · Min credit 670 · $500–$150k · No origination fee · Membership required, very competitive auto rates | 5.49% APR | Credit Union Only | ||
SoFi Personal · 36-mo · Min credit 680 · $5k–$100k · No origination fee · No fees, unemployment protection | 8.99% APR | Top Personal | ||
LightStream Personal · 36-mo · Min credit 660 · $5k–$100k · No origination fee · AutoPay required | 7.49% APR | Lowest APR | ||
Figure HELOC · 60-mo · Min credit 640 · $15k–$400k · 4.99% orig. fee · 5-day approval, fully online | 8.55% APR | Fast Funding | ||
Bank of America Auto · 60-mo · Min credit 660 · $7.5k min · No origination fee · New car purchase, Preferred Rewards discount available | 6.79% APR | |||
Discover Personal · 36-mo · Min credit 660 · $2.5k–$40k · No origination fee · No origination fees, fixed rates | 7.99% APR | |||
Aven HELOC · 120-mo · Min credit 640 · $5k–$250k · No origination fee · HELOC delivered as a credit card | 7.99% APR | Hidden Gem |
How we rank
Methodology · Loans
Listings on BankCheap are ranked by a transparent formula that weighs current rate, fees, terms, deposit/credit requirements, and institutional safety (FDIC/NCUA insurance, regulator standing). We surface hidden-gem credit unions and Treasury options alongside major banks — not just whoever pays the highest affiliate commission. Read the full methodology or see where the data comes from.
Frequently asked
Common questions
- What's a good APR on a personal loan?
- Borrowers with excellent credit (740+) currently qualify for 7–11% APR on unsecured personal loans. Fair credit (620–699) typically sees 15–25% APR. Anything above 30% APR should be a last resort.
- Personal loan vs credit card — which is cheaper?
- Personal loans usually have lower APRs than credit cards and a fixed payoff date, making them better for large, planned expenses. Credit cards are better for short-term financing you can pay off in a few months.
- Will a personal loan hurt my credit?
- Initially yes (the hard inquiry plus a new account). Over time, on-time payments improve your score and can help your credit mix.
- What is an origination fee?
- An upfront fee (typically 1–8% of the loan) that some lenders charge to process the loan. It's deducted from your loan proceeds, so a $10,000 loan with a 5% fee gives you $9,500 in cash.
- What's a HELOC?
- A home equity line of credit is a revolving credit line secured by your home, typically with a variable rate tied to the prime rate. Useful for ongoing expenses; the rate is lower than personal loans but your home is collateral.
- Can I pay off a personal loan early without penalty?
- Most reputable U.S. personal lenders no longer charge prepayment penalties. Always confirm with your specific lender before signing.
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