Debt Consolidation Loan
High limits and competitive rates to help you manage fewer monthly payments1
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Shorten your monthly to-do list and save money by paying less interest.2 Combine multiple existing loans into one simple monthly payment that you can make online. We specialize in understanding various UN contract terms, often enabling us to lend to more members at competitive rates.
Monthly obligations made manageable
Combine up to $150,0003 of debt, including credit card balances, with a fixed rate as low as 13.45% APR.1
More benefits
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Apply for free
Apply online or in person with no application fee or origination fee.
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No fee for repaying early
There are no pre-payment penalties if you choose to pay back your loan before the end of your term.
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Earn extra dividends & fee rebates
Your loan balance with us contributes to your eligibility for Member Loyalty Rewards.
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Protect your loved ones
Your loan includes payment coverage in the event of your passing.
Debt consolidation loan details
Included with a debt consolidation loan | |
|---|---|
Loan amount | Included with a debt consolidation loan Up to $150,0003 |
Rate | Included with a debt consolidation loan Fixed starting at 13.45% APR1 |
Term | Included with a debt consolidation loan Up to 15 years |
Collateral required | Included with a debt consolidation loan None |
Decision time | Included with a debt consolidation loan As little as four business days4 |
Application fee | Included with a debt consolidation loan $0.00 |
Pre-payment penalties | Included with a debt consolidation loan $0.00 |
Origination fee | Included with a debt consolidation loan $0.00 |
Disbursem*nt time | Included with a debt consolidation loan As little as one business day4,5 |
Member Loyalty Rewards | Included with a debt consolidation loan
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Credit Life Protection | Included with a debt consolidation loan
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Credit Disability Debt Protection | Included with a debt consolidation loan Enroll for a fee |
Consistent monthly payment amounts | Included with a debt consolidation loan
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Check your eligibility
Repaying what you borrow should never be a struggle. We evaluate each loan request based on factors that can affect your ability to repay. View eligibility criteria.
Apply for a debt consolidation loan
Complete your online application 24/7 from anywhere in the world.
Apply today
Top debt consolidation loan FAQs
All UNFCU loans are in US dollars (USD).
Unsecured loans are not backed by collateral. This means there is no asset for the lender to claim if the borrower is unable to pay back the loan. Our unsecured personal loan is an example of an unsecured loan.
A secured loan requires an asset as collateral. For example, a mortgage is a secured loan. The home being purchased is used as collateral to secure the mortgage. In the event the home buyer is unable to repay the mortgage, the lender can claim the property.
For unsecured loans and secured auto loans, the term of your loan is one of several factors that determine the rate. The term of the loan does not impact the rate for a secured with deposit loan. For lines of credit, including credit cards, term is not applicable.
You can select your term as part of the application process. Loans with shorter terms usually have lower interest costs but higher monthly payments than loans with longer terms. Term options range from six to 180 months, depending on the loan. The loan officer who reviews your application may contact you to discuss a different term than the one you selected. This will be based on our assessment of how much you can afford to pay each month.
Please contact us as soon as possible to inform us of your future plans. If you receive a final entitlement, we may apply the full amount or a portion of it to cover the amount you owe. We will discuss your options with you.
No, there is no fee to apply for most UNFCU loans.
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Master your monthly spending
Understanding where your money goes can help you pay off debt faster. Learn one simple strategy for budgeting.
The 50-30-20 rule
Apply for a loan or credit card
- Sign in toDigital Banking.
- Under Account Services, select Apply for a Loan or Credit Card.
For unsecured loans, eligibility is dependent on a number of factors. These can include, but are not limited to, the member’s:
- Length of employment
- Income
- Existing loans
- Other expenses
- Loan payment history
- Length of UNFCU membership
- Country of employment
- Currency of income
Members who joined UNFCU via UNA-USA or KI USA must be a member for at least 12 months to qualify for an unsecured loan.
Learn more about loan eligibility.
Disclosures
- All rates are subject to change without prior notice. APR = Annual Percentage Rate. Creditworthiness, UN contract type, loan amount, and the term of your loan will determine actual APR. Not all debt can be consolidated with this loan.
- Your new loan may carry a higher interest rate than some of your previous individual loans. It may also be subject to additional terms and restrictions.
- Your approved loan amount could be less than the amount you requested due to a number of factors. All applicants are subject to credit approval. The total amount of unsecured loans for members without a home loan cannot exceed $150,000. This individual maximum includes unused lines of credit. The maximum amount can be extended to $225,000 if you have or are applying for one of our international home loans. Members who joined UNFCU via UNA-USA or KI USA must be a member for at least 12 months to qualify for an unsecured loan.
- Factors such as the volume of loan applications received may affect this time frame.
- Receive the loan amount in as little as one business day after your application is approved.
