How low can personal loan rates go?

There has never been a better time to take out a personal loan or apply for a car loan. Some personal loan rates are now lower than many home loan rates, which is an unprecedented scenario.

The lowest secured, variable personal loan rates listed on right now are well under six per cent with one credit union now offering loans under five per cent.

Currently there are 12 lenders with personal loan or car loan rates under seven per cent.