Don't break the bank- consolidate your debt into one easy, low payment. LAFCU's Debt Consolidation Loan has a rate as low as 6.99% APR*, making it much easier to take care of your finances.
|Industry Standard||LAFCU's Debt Consolidation Loan|
|$15,000 in balances||$15,000 in balances|
|Estimated payoff of 30+ years**||Estimated payoff of 5 years|
|Averaging 25.74% APR^||Low fixed rate of 6.99% APR*|
|Finance charge: $35,950||Finance charge (5 year consolidation loan): $2,814|
|$450 per month**||Pay just $311 per month for 60 months|
* Annual Percentage Rate. Rate accurate as of 07/03/20. Programs, rates, terms and conditions are subject to change without notice. Subject to credit qualification and approval. Additional restrictions may apply.
** Estimated payoff of 30+ years is based on a minimum payment assuming a 3% minimum payment requirement is $450.
^Average percentage rate is based on cited article: McCann, Adam. "What Is the Average Credit Card Interest Rate?', https://wallethub.com/edu/average-credit-card-interest-rate/50841/". "Evolution Finance, 9 January, 2019Go to main navigation