We live in a city that has many nicknames and let's face it, with everything that happens here, it's pretty easy to come up with new nicknames.
We found that interest rates for small business loans from banks generally range between 6 and 13 percent, depending on the size of the loan and the risk factor of your business. No matter the size of your business, thereâs always interest rates on loans. This is so the bank earn a profit and cover their overhead.
Average Personal Loan Interest Rates for 2017. For 2017, the average personal loan interest rates are between 10% to 28%. Actual interest rates vary based on the qualifications of a borrower, the length of the loan, the loan amount and the lender. Below, we have compiled the average personal loan interest rates by credit score and by lender.