Top Debt Consolidation Loans
Combine your high-interest loans and credit card balances into one low monthly payment.
Benefits of a Debt Consolidation Loan
Save Money In Interest
Secure a significantly lower
interest rate with Telcoe compared to your existing debts, so you can keep more money in your
pocket each month.
Pay Down Debt Faster
Combine multiple balances into one streamlined loan, so more of each payment goes toward your principal and helps you become debt-free sooner.
Enjoy Predictable Payments
Enjoy a fixed interest rate for the life of your loan, giving you
the confidence of having the same monthly payment with no surprises.
Apply Quickly Online
Complete a simple online application and upload your paystub to see
the rate and term you may qualify for in minutes.
All You Need to Know About Telcoe’s Low Interest Debt Consolidation Loans
Carrying multiple balances can feel overwhelming. Why keep juggling due dates and high-interest payments? Telcoe Federal Credit Union’s Debt Consolidation Loan helps you bring everything together—so you can move forward with confidence.
It’s simple. Consolidate debt into one manageable loan and repay it over time with affordable payments that fit your budget.
When you consolidate your debt with Telcoe, you enjoy:
- Lower Monthly Payments: Benefit from competitive rates that are typically lower than credit cards or online lenders.
- Predictable Payments: Our fixed interest rates give you the stability of the same monthly payment for the life of your loan.
- Flexible Repayment Terms: Choose from multiple Debt Consolidation Loan options—including unsecured or secured personal loans, home equity, and more—to find the plan that best fits your budget.
- The Lowest Cost Solution: We’ll work with you to identify the Debt Consolidation Loan option that makes the most sense for your personal situation.
Ready to take the next step toward a debt-free future?
Check Out Our Debt Consolidation 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 Rate. Rates are subject to change at any time. Approval and rate is based on credit, term, application, etc.
Debt Consolidation Loan Payment Examples
High-interest debt can cost you more than you realize, especially
over time. Below are examples of what your monthly payments could look like with Telcoe compared
to a higher-rate loan option.
| Loan Amount | Term | Telcoe APR | Telcoe
Monthly Payment |
Higher
APR Example |
Higher
Monthly Payment |
Estimated
Savings with Telcoe |
|---|---|---|---|---|---|---|
| $5,000 | 2 Years | 6.99% | $224 | 12.99% | $237 | Save ~$300 |
| $15,000 | 4 Years | 9.49% | $377 | 15.49% | $420 | Save ~$2,000 |
| $50,000 | 7 Years | 7.74% | $773 | 13.74% | $930 | Save ~$13,100 |
| $80,000 | 10 Years | 7.99% | $971 | 13.99% | $1,240 | Save ~$32,000 |
*Examples are for illustrative purposes only. Actual rates and terms may vary based on creditworthiness.
Every situation is different, but these examples show how a lower loan rate can make a meaningful difference. With one simple payment and a clear payoff path, debt consolidation can help you save money and move forward with confidence.
Ready to see what your payments could look like?
Plan Ahead With Our Debt Consolidation Loan Calculator
Enter your desired loan amount and fixed interest rate into our Debt Consolidation Loan Calculator to estimate your payment options.
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– 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
Credit Cards
Whether you’re looking to save money with low rates, to boost your credit, or consolidate debt, Telcoe has a Mastercard® that's perfect for your needs.
Home Improvement Loans
Have a home improvement project in mind? Telco’s competitive,
fixed-rate loans make creating the home you want both easy and affordable.
Home Equity Loans
Need extra cash? Choose our home equity loans for an affordable
way to fund home improvements, vacations, weddings, tuition, and more.