Latest Fed-reported average · second quarter of 2026
24-month personal loan
11.86%
24-month loans · commercial banks
On $8,000 over 24 months: $376.06 a month and $1,026 in interest.
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The last 8 readings
The same loan at each quarter's average: $8,000 over 24 months.
| Quarter | Average rate | A month | Interest in all |
|---|---|---|---|
| Q2 2026 | 11.86% | $376.06 | $1,026 |
| Q1 2026 | 11.36% | $374.20 | $981 |
| Q4 2025 | 11.63% | $375.21 | $1,005 |
| Q3 2025 | 11.14% | $373.38 | $961 |
| Q2 2025 | 11.57% | $374.98 | $1,000 |
| Q1 2025 | 11.66% | $375.32 | $1,008 |
| Q4 2024 | 12.32% | $377.78 | $1,067 |
| Q3 2024 | 12.33% | $377.82 | $1,068 |
What this number is
It is the average rate commercial banks charged on 24-month personal loans, as published by the Federal Reserve. It is an average across banks and borrowers, not an offer, and it does not include fees. Your rate depends on the lender, your credit and the term. It covers 24-month loans only; other terms are not in this figure.
Source: Federal Reserve G.19 Consumer Credit release, series TERMCBPER24NS. Latest available: the second quarter of 2026. Checked 3 October 2026. What changed, quarter by quarter · How we use them.
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