Most recent market data shows that there isn’t a single global “winner” for the lowest personal loan rate; instead, a few large banks and online lenders tend to advertise the lowest starting APRs, usually around 6–7% for borrowers with excellent credit and strong income. Rates you actually get depend heavily on your credit score, income, debt-to-income ratio, and whether you qualify for discounts like autopay.

Which bank has the lowest interest rate on personal loans?

Big picture: no single universal “lowest”

  • Recent rate tables show leading personal loan providers with minimum APRs just under 7% for top-tier borrowers.
  • A “good” deal in early 2026 is generally considered any personal loan with a single‑digit APR, especially at or below about 7%.
  • Comparison sites emphasize that the lowest rate in the market is usually an advertised “starting from” APR that only the strongest applicants receive.

Examples of lenders with low starting APRs

These are illustrative and can change frequently; always check current offers and your own prequalified terms.

  • Some major banks and lenders are currently listing minimum APRs around:
    • ~6.2–6.3% for top‑tier borrowers at certain online or bank-affiliated lenders.
* Around 6.5–6.9% at several other large banks and card issuers.
  • Market‑wide averages are much higher: even borrowers with “excellent” or “very good” credit often see double‑digit average APRs in the 11–15%+ range.

In other words, the banner headline rate (for example, “from 6.24% APR”) is real but reserved for the best‑qualified profiles.

How to actually find your lowest rate

Because the “lowest rate” depends on you, the smartest move is to shop aggressively.

  1. Check your credit score first
    • Many lenders tier pricing tightly by score bands; crossing a threshold (for example, moving from “good” to “very good”) can shave several percentage points off your APR.
  1. Pre‑qualify with multiple lenders
    • Comparison marketplaces let you see estimated rates from several lenders with a soft credit check, so it doesn’t hurt your score.
 * This is the fastest way to see who is offering _you_ the lowest APR today.
  1. Look for autopay and relationship discounts
    • Some banks cut your APR if you set up automatic payments or if you already have an account or mortgage with them.
  1. Choose the shortest term you can afford
    • Shorter terms often come with lower APRs, even though the monthly payment is higher.

Forum-style viewpoint: what borrowers usually report

In online discussions, people often share that:

  • The headline “lowest interest rate on personal loan” is rarely what they actually receive; most end up with mid‑teens APRs unless their credit is excellent.
  • Some borrowers with very strong profiles report landing personal loans in the 6–8% range, often via big banks or highly rated online lenders after comparing multiple offers.
  • Many stress that focusing only on rate can backfire if the lender has high fees or restrictive terms, so checking fees, prepayment penalties, and support quality matters too.

SEO-focused notes (for your post)

  • Try to naturally include phrases like “which bank has lowest interest rate on personal loan” , “latest news on personal loan rates”, and “forum discussion on personal loan interest rates” in headings and short paragraphs.
  • Short, scannable sections, bullets, and a clear note that “rates change frequently; always check latest offers” tend to keep the content accurate and reader‑friendly.

Bottom note (as requested):
Information gathered from public forums or data available on the internet and portrayed here.