Average rates · second quarter of 2026
Average bank loan rates, and how yours compares
These are the latest averages the Federal Reserve reports for bank loans. They are averages across banks, not offers from any lender. Type in the rate you were offered to see how far it sits from the average, and what that gap is in dollars.
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The latest averages
- 24-month personal loan 11.86% 24-month loans · commercial banks up 0.50 points from the quarter before $8,000 over 24 months: $376.06 a month, $1,026 interest History and details
- 60-month new car loan 7.14% New cars only · commercial banks down 0.39 points from the quarter before $25,000 over 60 months: $496.68 a month, $4,801 interest History and details
- 72-month new car loan 6.97% New cars only · commercial banks down 0.56 points from the quarter before $35,000 over 72 months: $596.21 a month, $7,927 interest History and details
- Credit card 22.15% Accounts charged interest · commercial banks up 0.63 points from the quarter before $4,000 over 36 months: $153.07 a month, $1,511 interest History and details
Latest available: the second quarter of 2026. Source: Federal Reserve G.19 Consumer Credit release, terms of credit at commercial banks, checked 3 October 2026. The Fed publishes these once a quarter. What changed · The figures as data · How we use them.
What an average can and cannot tell you
- It is one number for many banks and many borrowers. A rate above it is not a sign of a bad offer, and a rate below it is not a sign of a good one.
- It covers commercial banks. Credit unions, finance companies and dealers set their own rates and are not in these figures.
- Each figure is narrow. The personal loan average is for 24-month loans. The car averages are for new cars; used-car loans are not in these figures, so a used-car rate cannot be compared with them. The card average is for accounts that were charged interest.
- It is an interest rate. Fees are not in it, so use the APR on your disclosure when comparing loans with the same amount and term.
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The same averages as a one-minute story: What it costs to borrow $10,000 right now (second quarter 2026).