The best personal loan rate in Illinois is 2.49% from LightStream, which also has a maximum APR of 19.99%. LightStream offers loans of $5,000 - $100,000 for 24 - 84 months, and its origination fee is $0.
In general, personal loan rates tend to range from 4% to 36%, depending on the lender and your creditworthiness. Personal loan rates typically don't differ much from state to state, though loans from credit unions can be an exception. Federal credit unions cap their rates at 18%, and state-chartered credit unions in Illinois have a cap set by the state.
Best Personal Loan Rates in Illinois
*According to either the lender or multiple third-party sources
Keep in mind that most personal loan providers offer a very broad range of APRs. To get the lowest APR that a lender offers, you'll need a credit score that far exceeds the minimum requirements for approval. Other ways to increase your chances of getting a low personal loan APR include having a high income, applying for a loan from a local credit union, reducing existing debts, or taking a few months to improve your credit standing before applying.
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