* The Annual Percentage Rate (APR) is different from the actual interest rate because the APR considers fees and reflects the cost of your loan as a yearly rate.The APR calculation assumes a loan of ,000, a fixed interest rate of 5.83% or variable interest rate of 3.75%, a loan fee of 3.75% and a 10-year repayment term.The only exception to this rule is a Federal Perkins Loans.If you consolidate Perkins Loans, they are included in the unsubsidized portion of the Consolidation Loan and do not retain their interest benefits.
So how do you get that down to a single-digit interest rate that helps you pay off debt faster? Let’s say you need a ,000 debt consolidation loan. The steps to get a better credit score are manageable, but require discipline.
Loans through Avant give you the flexibility to pay off your debt with simple monthly payments over the course of 24 to 60 months** We give you the flexibility to personalize your loan and choose the best option for your needs.
Avoid the hassle of managing multiple credit card bills every month.
** The variable interest rate will never exceed 10%.
Learn more about fixed and variable interest rates.