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The average rate on a personal loan is in the rate borrowers in the middle of the credit score spectrum can expect to pay. The lowest rates are for borrowers with the best credit, and the highest rates are for borrowers who may have trouble qualifying for a loan. The average rate is the "sweet spot" between the two.
Generally speaking, good rates are in the single digits. The lower the interest rate, the less you'll pay over the life of the loan.