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What are the benefits of a consolidation loan?

April 26, 2017Benefits consolidation loan

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What are the benefits of a consolidation loan?

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With a Federal Consolidation Loan you can: Lower your monthly loan payments by extending your repayment term Save money with a low fixed interest rate and rate-reducing incentives Simplify your monthly bill paying Improve your income-to-debt ratio, making it easier to qualify for credit cards and other personal loans Pay off your consolidation loan early with no prepayment penalties Take advantage of tax deductions Request deferment or forbearance of your loans, if necessary In addition, applying for a Federal Consolidation Loan from VFI is simple and fast. There are no credit checks, no fees, and no co-signers required, and it takes only 15 minutes. Learn more.