Line of Credit Interest Rates

Written by True Tamplin, BSc, CEPF®

Reviewed by Editorial Team

Updated on March 05, 2023

The average interest rates for a personal line for credit range from 8% - 10%.

The average rate for a home equity line of credit, or HELOC, is 5.35%.

Credit cards generally have the highest rates of any line of credit.

Securing an LOC may get you a lower rate, but may also be a greater financial risk.

Line of Credit Interest Rates FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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