Consumers Digest

What is the ballpark interest rate on a personal or home improvement loan?

Public Comments

1. A home equity loan would be 5-8% and a personal loan would be 10-20%. Of course depending on your credit rating.
2. I just got a home equity loan of $10,000 for 7.125% through WellsFargo. Had a signature loan through my credit union until a month ago, and the rate was 11.1% on $3,000. Alot of it depends on your credit score. Just do *not* fall for anyone who posts on here that they got a "great deal" from ABC or XYZ or whatever corporation and it was a miracle etc etc. It's a scam. Almost anyone who asks a question about loans gets at least one of these nuts to post a "testimonial" and either a website or an email addy. Don't fall for it!!