Interest Rates on Personal Loans in Montana

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Personal loans are unsecured loans offered in Montana that can be used for any major purchase you need to cover. Popular uses of personal loans are debt consolidation, home renovation, medical expenses, and many others. The interest rates of personal loans are typically 5.99% up to 36.99%.

What is the average personal loan interest rates in Montana?

The rate you receive on a personal loan is determined by several factors. The main factor that goes into deciding the APR of your personal loan is your credit score. Look at the list below, as you can tell the better your credit score, the lower the interest and the more money you can borrow.

Average Credit ScoreAverage Interest RateAverage Amount Funded
720+7.25%$ 18,793

680-719

11.12%$ 15,622

660-679

17.08%$ 11,782

640-659

23.56%$ 10,015

620-639

31.16%$ 7,806

580-619

58.28%$ 6,324

560-579

107.13%$ 4,921

Less than 560

136.50%$ 3,549

From the information above we can conclude that getting a personal loan in Montana with reasonable interest rates while having a credit score under 580 is difficult.

Get You Personal Loan Rates in Montana Now

LenderEstimated APRMin. Credit ScoreAvailable TermsMax Loan Amount
Payoff logo

5.99% - 24.99%

Estimated APR

640

Min. Credit Score

2 to 5 Years

Available Terms

$35,000

Max Loan Amount
See Your Rate

Rate Range*

5.99% - 24.99%

Loan Terms*

2 to 5 Years

$5,000 up to $35,000

Loan Amount Range*

About Payoff Personal Loan & Debt Consolidations

Payoff loans are tailored for debt consolidation with low rates, they offer flexible payment schedules as well as financial guidance. Payoff offers fixed-rate debt consolidation loans to made specifically to pay off credit card debt. On average, Payoffs customers get these loans to cover their debt of $18,000.

Loan Features

Loan Amount

Payoff offers Personal Loan & Debt Consolidations with a minimum loan amount of $5,000 and a maximum loan amount of $35,000.

Loan Term

Payoff offers Personal Loan & Debt Consolidations terms ranging from 2 to 5 Years.

Good For

This loan would be ideal for Anyone overwhelmed by debt with fair to excellent credit that wants to consolidate all their credit card debt into one fixed monthly payment..

Features and Benefits

  • Soft Credit Check
  • Loans funded in 3 to 7 days
  • Origination Fees: 0% - 5.00%
  • Consolidate your credit card debt
  • No late fees

Lender Requirements

  • A minimum credit score of 640
  • A debt-to-income ratio of 50 percent or less
  • At least three years of good credit history
  • Minimum Annual Income: $40,000
  • Minimum Credit History: 2 Years
  • At least two open lines of credit in which you’ve made on-time payments
Prosper logo

6.95% - 35.99%

Estimated APR

640

Min. Credit Score

3 to 5 Years

Available Terms

$40,000

Max Loan Amount
See Your Rate

Rate Range*

6.95% - 35.99%

Loan Terms*

3 to 5 Years

$2,000 up to $40,000

Loan Amount Range*

About Prosper Personal Loans

Applying for a personal loan the traditional way can be daunting. Through Prosper, you can apply for a low-interest loan from the comfort of your home.

Loan Features

Loan Amount

Prosper offers Personal Loans with a minimum loan amount of $2,000 and a maximum loan amount of $40,000.

Loan Term

Prosper offers Personal Loans terms ranging from 3 to 5 Years.

Good For

This loan would be ideal for Individuals with good credit who want to get a loan from and industry leader..

Features and Benefits

  • Soft Credit Check
  • Loans Funded Quickly
  • Fast Funding
  • No Prepayment Penalty
  • Peer to Peer lending

Lender Requirements

  • Be at least 18 years old
  • Have good credit (usually 640+) their average borrower has a credit of 717.
  • Minimum credit history of 2 years
  • Maximum debt to income ratio: 50% (excluding mortgage)
  • Have a checking account in your name
Credible logo

5.99% - 35.99%

Estimated APR

680

Min. Credit Score

2 to 7 Years

Available Terms

$100,000

Max Loan Amount
See Your Rate

Rate Range*

5.99% - 35.99%

Loan Terms*

2 to 7 Years

$1,000 up to $100,000

Loan Amount Range*

About Credible Personal Loans

Credible’s online marketplace allows you to quickly compare offers from multiple lenders to find a competitive rate. They offer unsecured personal loans with a fixed rate.

Loan Features

Loan Amount

Credible offers Personal Loans with a minimum loan amount of $1,000 and a maximum loan amount of $100,000.

Loan Term

Credible offers Personal Loans terms ranging from 2 to 7 Years.

Good For

This loan would be ideal for Individuals with good credit who need a larger personal loan.

Features and Benefits

  • No Cost Service
  • Loans funded as fast as 1 Day
  • Get Multiple Loan Offers
  • No Cost Service
  • Simple and Easy

Lender Requirements

  • Be at least 18 years old
  • Have good to excellent credit (usually 680+)
  • Have a valid Social Security number and be a legal U.S. citizen or permanent resident.
  • Must have a regular source of income
  • Have a checking account in your name

What Interest Rates Can I Expect to Get in Montana?

As stated above your interest rate a personal loan heavily depends on your credit score. The better your credit score more you can borrow at a interest rate. Personal loans are a great source of financing but you must be aware to avoid scammers when receiving a personal loan. If you receive a personal loan with an exceptionally large interest rate you could be caught in a circle of debt it may be difficult to get out of. Keeping this in mind, all the lenders on MTloan are all reputable industry leading lenders.

To calcuate your rates feel free to use our personal loan calculator.

Montana Personal Loan Calculator
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