Debt Consolidation Loans
Combine your high-interest loans and credit cards into one low monthly payment.
Save Money & Time With A Debt Consolidation Loan
Money Saving Options
Stop juggling multiple payments every month and consolidate everything into one easy payment and save money with at Telcoe Debt Consolidation Loan.
We offer loan options but all come with:
- Lower monthly payments
- Much lower rates than credit cards or online lenders
- Flexible terms
Payment Examples
- $5,000 - $224 monthly over 2 years @ 6.99% APR
- $15,000 - $377 monthly over 4 years @ 9.49% APR
- $50,000 - $773 monthly over 7 years @ 7.74% APR
- $80,000 - $971 monthly over 10 years @ 7.99% APR
Click below to begin your loan application. Complete in under 10 minutes.
Telcoe Federal Credit Union Secured Personal Loan Rates
| TYPE | APR | AMOUNT | TURNAROUND TIME | TERMS |
|---|---|---|---|---|
| Personal Loans | As low as 6.99% | $5,000- $15,000 | up to 24 hours | up to 60 months |
| Auto Title Loans | As low as 4.99% | determined by collateral value | up to 24 hours | up to 60 months |
| Home Equity Loans | As low as 6.99% | determined by collateral value | 10 days to closing | up to 180 months |
APR=Annual Percentage Yield. Rates are subject to change at any time. Approval and rate is based on credit, term, application, etc.
Plan Ahead With Our Debt Consolidation Loan Calculator
Enter your desired loan amount and fixed interest rate into our Debt Consolidation Loan Calculator and see the payment options.
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"Always the very best customer service! Friendliest & most helpful staff you could ever want! Five stars in every category!"
– Rebecca M., Little Rock, Arkansas
★★★★★
"Every interaction is easy going, and effortless. Customer service has always been top tier. Highly, highly recommend this institution. Love them!"
– Catherine G., Little Rock, Arkansas
★★★★★
"Absolutely love Telcoe Federal Credit Union. They always offer great financial solutions and they treat all of their members like family."
– Petra L., Little Rock, Arkansas
Debt Consolidation Loan FAQs
What is a Debt Consolidation Loan?
A debt consolidation loan allows members to transfer the account balances from multiple credit cards and installment loans into a single loan and to make a single monthly payment. This may be an unsecured loan options or a secured loan option.
What assets can I borrow against?
At Telcoe, we allow members to borrow against their savings or home equity, or against property such as a car that is a 2020 model or newer with fewer than 80,000 miles.
What is the maximum term for a Telcoe Debt Consolidation Loan?
The term you are offered depends on your credit score, credit history, debt-to-income ratio, and other factors, such as the value of the collateral being used(if any). Unsecured loans are at a term of 5 years or less. Home Equity Loans are offered for up to 15 years.
How are funds paid out?
Once approved, you will sign loan documents and check(s) are mailed to the loan accounts and credit cards we are paying off.
How are Debt Consolidation Loans repaid?
Telcoe’s Loans are fixed-rate loans. That allows borrowers to make a single, fixed monthly payment for the duration of their loan term, making it easier to budget and plan for other priorities. You can repay through payroll deduction, cash/check, or using our online payment portal via ACH for free. Debit card payments are also accepted with a $9 fee.
How hard is it to get a debt consolidation loan?
Your credit history and score are reviewed during the application process. Lower credit scores, or less than perfect credit, may be considered for a loan depending on a number of unique financial circumstances and other factors. Our Specialist can help you understand your personal financial situation and find the best loan option for you.
Is a Debt Consolidation Loan worth it?
Absolutely! A debt consolidation loan can be a smart way to repay debts at a lower rate saving you thousands of dollars. You can also take the money saved each month in lower payments to fund a savings account with Telcoe for emergencies, vacation, or the holidays.
Do I need to be a Telcoe member to apply for a Debt Consolidation Loan?
Yes, you do need to be a Telcoe Federal Credit Union member to qualify for a Debt Consolidation Loan. Telcoe proudly serves various large and small employer groups, organizations, charities, and counties throughout Arkansas. If you’re employed by one of our Select Employer Groups, you could be eligible to join Telcoe and enjoy our membership benefits.
Membership is also open if you live, work, attend school, or worship in the state of Arkansas. You must have an Arkansas driver’s license or state-issued ID.
Have questions? We’re here to help — just contact us!
Ready to Lock in a Lower Rate with a Loan from Telcoe?
More Loan Options
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Home Equity Loans
Need extra cash? Choose our home equity loans for an affordable
way to fund home improvements, vacations, weddings, tuition, and more.