What are the interest rates for Unsecured Loans?

Interest rates for unsecured loans can vary a lot depending on your credit score, income, and the lender. In general, unsecured personal loan rates are higher because there is no collateral. Most banks offer rates around 10% to 18% per year, while some lenders may charge up to 24% or more for higher-risk borrowers. If you have a good credit score, you can get lower rates. But if your credit is low or you need urgent money, the interest rate will usually be higher. So it’s always a good idea to compare different lenders before choosing a loan.