Personal loan interest rates refer to the cost of borrowing money, expressed as a percentage of the loan amount. This rate determines how much extra you will repay in addition to the principal. Even a small difference in the interest rate can significantly impact the total repayment amount, so it’s crucial to choose wisely. https://medium.com/@henrymiller1593/understanding-personal-loan-interest-rates-what-you-need-to-know-a0473cf209ea