Rick Bormin, Personal Loans Moderator
@rhandoo2020
You can get a debt consolidation loan in Indiana from Prosper, Discover and Payoff, among other banks, credit unions and online lenders. The most important thing to consider when applying for a debt consolidation loan in Indiana is the loan’s APR. It should be lower than the rates on your existing debts in order for you to save money. Other important factors are the loan’s origination fee, funding amount, and payoff period.
Best Places to Get a Debt Consolidation Loan in Indiana
Lender | APR Range | Origination Fee | Loan Amounts |
6.99% - 35.99% | 1% - 5% | $2,000 - $50,000 | |
6.99% - 24.99% | $0 | $2,500 - $35,000 | |
10.5% - 29.99% | 0% - 5% | $5,000 - $40,000 | |
6.99% - 15.24% | 0% | $2,000-$25,000 | |
6.99% - 24.99% | 0% | $3,500 - $40,000 |
When you get a debt consolidation loan, you use the loan to pay off multiple existing debts, combining them into one balance with a single monthly payment. Getting a debt consolidation loan in Indiana is a bit different from getting one in other states because some of the best options are regional lenders that don’t offer loans nationwide.
Once you get a debt consolidation loan in Indiana, you should make sure to manage it responsibly so that you can become debt free as soon as possible and improve your credit score.
2023 Best Personal Loans in Indiana
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