Types of Debt Consolidation Loan Rates Of Interest
Below is an example of that which you can expect for debt consolidating loan interest levels at a bank, credit union, and online lender in the summertime of 2019. Prices at your loan company might vary.
It is predicated on a $10,000 debt consolidation reduction loan, having a term that is 5-year.
Good Credit (above 720):
$199.19 payment per month
$11,951.62 total payment ($10,000 principal plus $1,951.62 total interest over life of loan)
Average Credit (660-720):
10.25% rate of interest
$213.70 payment that is monthly
$12,822.16 total payment ($10,000 major plus $2,822.16 total interest over life of loan)
Continue reading “Types of Debt Consolidation Loan Rates Of Interest”