Basic Info

US Finance Rate on Consumer Installment Loans at Commercial Banks is at 6.94%, compared to 5.52% last quarter and 4.58% last year. This is lower than the long term average of 8.90%.

Stats

Last Value 6.94%
Latest Period Dec 2022
Last Updated Jan 9 2023, 15:01 EST
Next Release Apr 7 2023, 15:00 EDT
Long Term Average 8.90%
Average Growth Rate -0.37%
Value from Last Quarter 5.52%
Change from Last Quarter 25.72%
Value from 1 Year Ago 4.58%
Change from 1 Year Ago 51.53%
Frequency Quarterly
Unit Percent
Adjustment Not Seasonally Adjusted
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Notes New autos 48-month loans

Historical Data

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Date Value
December 31, 2022 6.94%
September 30, 2022 5.52%
June 30, 2022 5.15%
March 31, 2022 4.87%
December 31, 2021 4.58%
September 30, 2021 5.14%
June 30, 2021 5.28%
March 31, 2021 5.21%
December 31, 2020 4.95%
September 30, 2020 4.98%
June 30, 2020 5.13%
March 31, 2020 5.29%
December 31, 2019 5.45%
September 30, 2019 5.27%
June 30, 2019 5.35%
March 31, 2019 5.50%
December 31, 2018 5.29%
September 30, 2018 5.05%
June 30, 2018 5.05%
March 31, 2018 4.74%
December 31, 2017 4.81%
September 30, 2017 4.42%
June 30, 2017 4.67%
March 31, 2017 4.52%
December 31, 2016 4.45%
Date Value
September 30, 2016 4.25%
June 30, 2016 4.33%
March 31, 2016 4.17%
December 31, 2015 4.00%
September 30, 2015 4.09%
June 30, 2015 4.15%
March 31, 2015 4.53%
December 31, 2014 4.06%
September 30, 2014 4.16%
June 30, 2014 4.50%
March 31, 2014 4.23%
December 31, 2013 4.42%
September 30, 2013 4.46%
June 30, 2013 4.13%
March 31, 2013 4.69%
December 31, 2012 4.82%
September 30, 2012 4.88%
June 30, 2012 4.88%
March 31, 2012 5.07%
December 31, 2011 5.40%
September 30, 2011 5.89%
June 30, 2011 5.79%
March 31, 2011 5.85%
December 31, 2010 5.87%
September 30, 2010 6.24%

Basic Info

US Finance Rate on Consumer Installment Loans at Commercial Banks is at 6.94%, compared to 5.52% last quarter and 4.58% last year. This is lower than the long term average of 8.90%.

Stats

Last Value 6.94%
Latest Period Dec 2022
Last Updated Jan 9 2023, 15:01 EST
Next Release Apr 7 2023, 15:00 EDT
Long Term Average 8.90%
Average Growth Rate -0.37%
Value from Last Quarter 5.52%
Change from Last Quarter 25.72%
Value from 1 Year Ago 4.58%
Change from 1 Year Ago 51.53%
Frequency Quarterly
Unit Percent
Adjustment Not Seasonally Adjusted
Download Source File Upgrade
Notes New autos 48-month loans