No, personal loans do not have variable interest rates. The vast majority of personal loans have fixed interest rates, fixed repayment terms, and fixed monthly payments. In fact, a fixed interest rate is one of the benefits of consolidating other types of debt—especially credit cards—with personal loans. Upstart only offers fixed interest rates on personal loans.
Upstart Answers
- Do personal loans have variable interest rates?
Are credit cards or personal loans worse for credit?
