The best debt consolidation loans right now

The best debt consolidation loans right now

Generally, you'll need a for debt consolidation, which means replacing multiple loans with a single loan instead. Most personal loan lenders ask about loan purpose when starting the loan application process, and often, have higher interest rates than other personal loans and other loan types. Flexibility makes a top contender for best personal loans for debt consolidation. Wells Fargo separates debt consolidation loans from personal loans, but the interest rates are the same. Benefits include incredibly competitive interest rates, ranging from 5.74% to 24.24% APR, and an autopay discount of 0.25% if payments are made from a . For unsecured personal loans, the most common type for debt consolidation, the amount available ranges from $3,000 to $100,000 and there are no origination or prepayment fees. Wells Fargo gives several options for personal loans that aren't common elsewhere. Firstly, there's an option to secure your loan with a CD or savings account, though that option is . Secured loans allow you to borrow up to $250,000, though an origination fee of $75 applies to secured loans (unsecured loans don't have a fee). Wells Fargo can send your loan funds to your Wells Fargo bank account, or to a credit account outside