Core Insights - Low-interest personal loans are primarily available to highly creditworthy borrowers, with competitive APRs often below the national average of 12.21% as of December 31, 2025, and frequently below 10% [2] Group 1: Qualification Criteria - To qualify for the best personal loan rates, borrowers typically need an excellent credit score, defined as a score between 800 and 850, which indicates responsible credit management [3] - Checking credit reports for errors is essential, as inaccuracies can negatively impact credit scores; free reports can be obtained weekly from all three major credit bureaus [4] - Paying off revolving debt is crucial, as credit utilization ratio significantly affects credit scores; even small balances can lower scores enough to disqualify borrowers from the lowest rates [6][7] Group 2: Additional Requirements - A high credit score and sufficient income are vital for securing the lowest personal loan rates; improving credit scores before applying can lead to better rates [8] - Borrowers should shop around with at least three lenders or use a marketplace to compare offers, ensuring they meet criteria such as a FICO score above 740, an established credit history, and a bank account for automatic payments [8]