Adam McCann, Financial Writer
The bank in New Jersey with the lowest interest rate on personal loans is Wells Fargo, which offers an APR range of 7.49% - 23.74%. For comparison, the average personal loan APR is around 14%, according to WalletHub research.
Keep in mind that the exact interest rate you get from the Wells Fargo range will depend on your credit score, your income and other features of your financial profile. A personal loan from Wells Fargo also offers $3,000 - $100,000 in funding, with a payoff period of 12 - 84 months. But Wells Fargo isn't the only bank in New Jersey with low interest rates on personal loans.
Banks with the Lowest Interest Rates on Personal Loans in New Jersey
- Wells Fargo: 7.49% - 23.74%
- Marcus by Goldman Sachs: 6.99% - 24.99%
- Discover: 6.99% - 24.99%
- Citibank: 8.99% - 23.99%
- Citizens Bank: 6.79% - 20.88%
You should note that while a low APR is one of the most attractive features that a loan can have, it's still important to consider the loan's other terms. If it charges an origination fee, for example, that can offset some of the APR savings. And you'll need a loan that offers enough money and a long enough payoff period for your needs.
2023 Best Personal Loans in New JerseyCompare Offers
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