Lower Your Interest & Pay Off Debt Faster!

Consolidate with a Personal Loan and save.
Customer Service is Spectacular
I enjoy being a member of Arkansas Federal because they are always helpful when I need something. I have had a positive experience working with Arkansas Federal because its customer service is spectacular.
Chloe Cox Chloe Cox

Consolidate Your Debt with a Personal Loan 

Feeling weighed down by high-interest debt? A Personal Loan from Arkansas Federal can help lower your interest rate, simplify your payments, and make it easier to pay off what you owe. With one fixed monthly payment and an interest rate as low as 8.89% APR The APR (Annual Percentage Rate) is effective as of 07/01/2024, ranging from 8.89% to 18.00% APR, with terms between 24 and 84 months. The APR is determined by various factors within Arkansas Federal’s custom scoring model, including, but not limited to, credit score, credit history, income, and debt-to-income. You must have a minimum household annual income of $25,000, be over 18 years of age, and have a valid U.S. Social Security Number to be considered for an Arkansas Federal personal loan. The maximum loan amount for an Arkansas Federal personal loan is $25,000. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history, and application information meet all requirements. For debt consolidation, even with a lower interest rate or monthly payment, paying debt over a longer period may result in paying more interest. An Arkansas Federal personal loan is intended for personal use. It cannot be used to pay for post-secondary education, a secured loan, or directly pay off an Arkansas Federal credit card. If application verification is completed and final approval occurs before 3:00 PM (CT) on the days the credit union offices are open, funds may be deposited the same business day via direct deposit to your Arkansas Federal account. Offer and rate are subject to change without notice. Membership with Arkansas Federal is required., you can take control of your finances and pay down debt faster. Start fresh and take the next step toward financial freedom.  

Why Choose a Personal Loan for Debt Consolidation? 

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Fast & Easy

Apply online and get approved quickly—often within hours. Once approved, you could have the funds in your account as soon as the same day.Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. The APR is determined based on credit score and history, as well as term. Funds are generally deposited the same business day via direct deposit to your Arkansas Federal account if verification is completed and final approval occurs before 3:00 PM on the days the credit union offices are open.

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$0 Application Fee

Enjoy a transparent experience with $0 application and origination fees. You’ll only pay interest—no extra charges, no surprises. 

Predictable Payments

With a fixed-rate loan, your monthly payment stays the same throughout the life of the loan. It’s easy to budget with no unexpected changes. 

 
High-Interest Credit Cards vs. Personal Loans 

FeatureHigh-Interest CardPersonal Loan ( as low as 8.89% APR The APR (Annual Percentage Rate) is effective as of 07/01/2024, ranging from 8.89% to 18.00% APR, with terms between 24 and 84 months. The APR is determined by various factors within Arkansas Federal’s custom scoring model, including, but not limited to, credit score, credit history, income, and debt-to-income. You must have a minimum household annual income of $25,000, be over 18 years of age, and have a valid U.S. Social Security Number to be considered for an Arkansas Federal personal loan. The maximum loan amount for an Arkansas Federal personal loan is $25,000. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history, and application information meet all requirements. For debt consolidation, even with a lower interest rate or monthly payment, paying debt over a longer period may result in paying more interest. An Arkansas Federal personal loan is intended for personal use. It cannot be used to pay for post-secondary education, a secured loan, or directly pay off an Arkansas Federal credit card. If application verification is completed and final approval occurs before 3:00 PM (CT) on the days the credit union offices are open, funds may be deposited the same business day via direct deposit to your Arkansas Federal account. Offer and rate are subject to change without notice. Membership with Arkansas Federal is required.)
Interest Rate15% – 25%+ as low as 8.89% APR The APR (Annual Percentage Rate) is effective as of 07/01/2024, ranging from 8.89% to 18.00% APR, with terms between 24 and 84 months. The APR is determined by various factors within Arkansas Federal’s custom scoring model, including, but not limited to, credit score, credit history, income, and debt-to-income. You must have a minimum household annual income of $25,000, be over 18 years of age, and have a valid U.S. Social Security Number to be considered for an Arkansas Federal personal loan. The maximum loan amount for an Arkansas Federal personal loan is $25,000. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history, and application information meet all requirements. For debt consolidation, even with a lower interest rate or monthly payment, paying debt over a longer period may result in paying more interest. An Arkansas Federal personal loan is intended for personal use. It cannot be used to pay for post-secondary education, a secured loan, or directly pay off an Arkansas Federal credit card. If application verification is completed and final approval occurs before 3:00 PM (CT) on the days the credit union offices are open, funds may be deposited the same business day via direct deposit to your Arkansas Federal account. Offer and rate are subject to change without notice. Membership with Arkansas Federal is required.
PaymentsVaries, interest only Fixed, predictable payments
Repayment TermOngoingFixed, 24 – 60 months
FeesLate fees, over-limit fees, high penalties, and more $0
Debt ConsolidationMultiple payments, one bill per card/loan One loan for all your debts—easy

 Competitive, Fixed Rates

Get the cash you need. No collateral is required.

How It Works 

  1. Apply Online: Fill out a quick and easy application online or visit us in person. 
  1. Get Approved: We’ll review your application, and if approved, offer you a personalized loan offer. 
  1. Consolidate Your Debt: Use your loan to pay off your credit cards and other outstanding debt. 
  1. Enjoy Peace of Mind: With one easy payment, you can start the new year on the right financial foot. 

Hear From Our Happy Members

Makes banking easy

Arkansas Federal makes banking easy. It always handles just what I need right on the spot.

Erica and Jason Ives
Affordable Personal Loan Payments

I really love how everyone is so friendly and willing to help with my banking needs. I am very thankful I listened and chose Arkansas Federal for all my banking needs.

Valerie Pickens
Fast and Easy Process

I must say I was pleasantly surprised at just how fast and easy the process played out. I submitted the documents needed and in no time, we were approved and ready to make an offer on a house.

Aaron Bunch Aaron Bunch

Frequently Asked Questions

How does a Personal Loan help with debt consolidation?

A Personal Loan can make your life a lot easier by letting you combine high-interest debts—like credit card balances—into one neat package. You’ll have just one monthly payment to keep track of, and with lower interest rates, you could save some money and pay off your debt faster. Sounds good, right?

How much can I borrow?

The amount you can borrow really depends on your credit and financial situation. Typically, we offer Personal Loans up to $25,000. Don’t worry; we’ll work together to find a loan amount that suits your needs and budget.

How quickly can I get my funds?

Once you’re approved, you could get your funds the same day in many cases.Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. The APR is determined based on credit score and history, as well as term. Funds are generally deposited the same business day via direct deposit to your Arkansas Federal account if verification is completed and final approval occurs before 3:00 PM on the days the credit union offices are open. That means you can take care of that high-rate debt quickly and start simplifying your finances right away. No waiting around!

Are there any fees for applying for a Personal Loan?

Nope! We believe in being straightforward, so there are no application or origination fees. You’ll only pay interest on what you borrow—no hidden costs or surprises.

How long will it take to pay off my loan?

The repayment term can vary, usually ranging from 24 to 60 months. We’ll help you find a term that’s comfortable for you. Plus, your monthly payment will stay the same, so it’s easy to budget.

Can I use a Personal Loan for other things besides debt consolidation?

Absolutely! While many use a Personal Loan for debt consolidation, you can also use it for fun things like a vacation, home improvements, or anything else on your wish list. The choice is yours.

How will a Personal Loan impact my credit score?

A Personal Loan can actually give your credit score a boost! By paying off high-interest debt with a fixed-rate loan, you’re making a smart move. Plus, your on-time payments will be reported to the credit bureaus, which can help improve your score over time.

What other debt consolidation options are there besides a Personal Loan?

If you’re considering ways to consolidate your debt and a Personal Loan isn’t quite what you’re looking for, there are some other great options, such as moving your debt to a low-rate credit card or exploring a home equity loan if you have some equity built up. Auto refinancing is another solid choice, or even refinancing your home. Not sure which is right for you? Take this quiz to help.

Ready to Get Started?

Take the first step toward financial freedom today. There’s no cost to apply and the application process is easy.
Have questions? Call us at 800.456.3000 or visit your local branch.