Axos Bank debt consolidation loan review

Updated

Sometimes it happens that we make bad financial decisions that lead to out-of-control debt. In these cases, Axos Bank's debt consolidation loan can be that quick and easy alternative that reduces everything to a more manageable unique monthly payment.

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General
APR: 8.42%
Interest: 8.42%
Loan commissions
Study commission: Consult
Opening commission: 1%
Commission for advance payment: 0%
Loan limits
Minimum amount: $ 7,000
Maximum amount: $ 50,000
Minimum of months: 36
Maximum of months: 60

Debt consolidation loan Info

When high-interest debts overtake us, we have to make some adjustments and change our financial habits. As this happens, Axos Bank's personal loan to consolidate debts presents itself as a timely solution that offers you a lower interest rate and helps you pay in less time.

The dynamics of this banking product is that you can bundle all your debts into one, get a reduced monthly payment and save money in the process.

Axos Bank Debt Consolidation Loan

In addition, this solution sets a specific time frame to end your indebtedness, so you don't have to deal with creditors for more years than you would like.

This debt consolidation loan does not require any type of collateral, does not penalize you if you want to pay in advance and has flexible criteria for obtaining it. In fact, this neobank only asks for the following:

  • Verifiable income
  • A credit score of 720 or higher
  • An established credit history that is at least 2 years old.

This fintech turned digital bank also gives you access to the Personal Loan Calculator. With this tool, you can compare monthly payments, terms and conditions. This information allows you to analyze in more detail how much you can save with this consolidation loan and what interest rate you're going to get.

Axos Bank's Personal Loan for Debt Consolidation is a very useful alternative when you have too many bills to pay and need to simplify.

Español: Préstamo para consolidar deudas de Axos Bank