Interest Rate and Terms

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Interest rates on personal loans, auto loans, and lines of credit in USA vary by Creditor and Lender and loan type:

 

Range of the original loan amount and/or Credit Limit  ($ minimum- maximum):
Personal Loans: $1,000 – $250,000
Line of Credit: $500 – $250,000
Auto Financing: $5,000 – $250,000
Revolving Accounts: $500 – $250,000

APR rates (min-max):  
Personal Loans: 8% – 25%
Line of Credit: 10% – 30%
Auto Financing: 5% – 18%
Revolving Accounts: 12% – 29%

Duration of loan (number of months) minimum-maximum: 
Personal Loans: 12 – 60 months
Line of Credit: Open-ended (revolving)
Auto Financing: 24 – 84 months
Revolving Accounts: Open-ended (revolving)

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