What is the APR on a personal loan?

What: The average APR on a personal loan in the US is around **20.01%**.
Why: This rate varies depending on credit score, loan amount, and lender.
Signal: A higher APR can increase the total cost of the loan.
Target: Borrowers with excellent credit may qualify for an APR as low as **12.99%**.
Risk: APRs above **30%** are considered high-risk and may be associated with predatory lenders.