Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the interest rate on consolidation loans?

April 26, 2017consolidation Interest rate Loans

0

Posted

What is the interest rate on consolidation loans?

1 Answer

0

Posted

The interest rate on consolidation loans is calculated by taking the weighted average of the interest rates of the loans being consolidated, rounded up to the nearest 1/8 percent. This rate is fixed for the life of the loan.