Does Quicken offer personal loans?

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Detroit-based Quicken Loans has expanded into the business of personal loans with its first lending product that is not a home mortgage. Quicken this week launched RocketLoans, an online service offering cash loans of $2,000 to $35,000 to prospective borrowers with good credit scores and financial histories.

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Moreover, what is a typical interest rate on a personal loan?

What Is the Average Interest Rate on a Personal Loan? The average interest rate on a personal loan is 9.41%, according to Experian data from Q2 2019. Depending on the lender and the borrower’s credit score and financial history, personal loan interest rates can range from 6% to 36%.

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