Debt Consolidation Loan
No more waiting for your big break.
Fuel your creative ideas, fund your next adventure, or cover everyday expenses with an affordable loan— no collateral needed.
Edit Out the Extra Debt
Save 0.75% APR1 with our Debt Consolidation Loan
One simple monthly payment, rates lowered by 0.75%, and same-day funding (for qualifying members) will put you on the road to paying off high interest debt faster so you can take control of your financial future.
Benefits of a Debt Consolidation Loan
Lower Your Interest Costs
Consolidate high‑interest debt into one loan with a competitive rate to help reduce the total interest you pay over time.
One Simple Monthly Payment
Combine multiple unsecured debts into a single payment, making it easier to stay organized and manage your budget.
View our Debt Consolidation Loan rates.
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APR** (as low as) |
Maximum Term |
Loan Amount |
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*If at any point during the life of your Loan you no longer meet the direct deposit or automatic loan payment requirements, we may terminate the APR discount, at our sole discretion, and increase your APR and payment to the original amount on your Loan Agreement accordingly. A grace period of up to 90 days will be provided to accommodate any gaps in employment and/or payroll changes. **APR=Annual Percentage Rate. Rates are variable and subject to change without notice. This rate is effective per the effective date indicated above for Personal Loan Rates. Lowest advertised rate is based on creditworthiness and underwriting factors and includes a 0.75% discount off the effective date APR when you have direct deposits of $1,000 or more per month into a Checking account and automatic loan payments made from the same account.1 10.40% APR (11.15% APR without discounts) is the preferred rate for personal loans for amounts from $500 to $30,000 and up to a three (3) year term. Not all members will qualify for the preferred rate. Proof of income may be required depending on the applicant’s credit rating and other underwriting factors. For example, the monthly payment per $1,000 for 36 months at 10.40% APR is $32.46 (this rate includes discounts). The payment example is for illustration purposes only. Your actual payment may vary. No additional discounts or promotions may be applied to these rates. |
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APR** (as low as) 10.40% |
Maximum Term 3 Years |
Loan Amount $500 – $30,000 |
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APR** (as low as) 10.90% |
Maximum Term 4 Years |
Loan Amount $5,000 – $30,000 |
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APR** (as low as) 11.15% |
Maximum Term 5 Years |
Loan Amount $10,000 – $30,000 |
FAQs
A Debt Consolidation Loan allows you to combine multiple high-interest debts such as credit cards, personal loans, or other balances into one fixed monthly payment. Instead of managing several payments with different interest rates and due dates, you pay one loan with a predictable rate and repayment term. This can simplify your finances and help you create a clearer path toward paying off your debt
A Debt Consolidation Loan can help by combining multiple high-interest balances into a single loan with a structured repayment plan. Depending on your situation, this may help you:
- Reduce high-interest costs
- Lower your monthly payment
- Pay off debt faster
- Simplify budgeting with one predictable payment
- Reduce financial stress and gain financial stability
Our Debt Consolidation Loan offers:
- Loan amounts from $500 to $30,000
- Flexible repayment terms of up to 5 years
- Predictable monthly payments
- Same-day funding for qualified borrowers
These options allow members to consolidate multiple debts into one manageable loan.
Yes. Members across a wide range of credit profiles may qualify for a Debt Consolidation Loan. Your loan rate, amount, and repayment terms will depend on your credit application, income, and underwriting review.
Yes. Our debt consolidation loan provides:
- One fixed monthly payment
- A consistent due date
- A clear payoff timeline
This predictable structure can make budgeting easier and help you stay on track with your financial goals.
Yes. During the application process, you can choose to have First Entertainment pay your creditors directly. If you select this option, we may request your creditor account information so we can send the payoff on your behalf.
To apply for a Debt Consolidation Loan, you may need to provide:
- Proof of income
- Identification
- Creditor payoff information (if consolidating existing debts)
Requirements may vary depending on your credit profile and loan application details.
You can apply in several convenient ways:
- Through Digital Banking
- By phone
- At a First Entertainment Credit Union branch
You can also begin the process by clicking the Apply Now button or visiting Digital Banking to begin.
Many members receive same-day funding after approval, depending on verification and underwriting requirements.
Our team is here to help. You can reach us through:
- Secure Message in Digital Banking
- Live Chat
- Phone at 888.800.3328
Apply for a Personal Loan today.
Disclosures
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APR = Annual Percentage Rate. Promotional rate effective 3/17/2026. Lowest advertised APR is based on creditworthiness and underwriting and includes a 0.75% discount for direct deposit of $1,000 or more per month into a Checking account and automatic loan payments from the same account. The preferred APR for personal loans of $500– $30,000 with terms up to 60 months is 10.40% APR (11.15% APR without discounts). Not all members will qualify for the preferred rate. Income verification may be required. Example: Monthly payment per $1,000 for 36 months at 10.40% APR is $32.46. Actual payment may vary. No additional discounts or promotions may be applied to these rates. Membership eligibility required.