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Debt Consolidation Loan
Take control of your debt with one simple, affordable loan. If you’re juggling multiple payments, high-interest credit cards, or loans that feel overwhelming, UMassFive can help.
What is a debt consolidation loan?
It’s a personal loan that lets you pay off several existing debts at once, such as: credit cards, student loans, medical bills, store cards, or other high-interest balances. By rolling these into a single loan with a fixed rate and term, you can simplify your finances and often save money over time.
How much could you save?
If you’re carrying multiple high-interest debts, consolidating them into a lower-rate loan could reduce your total interest and help you pay off debt faster. Our team can walk you through potential savings based on your current balances.
Is debt consolidation right for you?
A consolidation loan may be a good fit if:
- Your current debts have higher interest rates than our loan options
- You want one straightforward monthly payment
- You’re ready to pay off your balances on a clear timeline
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Let 2026 be the year you take control of your debt! Choose the term and interest rate that best aligns with your individual goals. Don't miss out—this offer is only here until February 28, 2026.
- Borrow up to $10,000
- Rates as low as 7.74% APR* (for 12 month term)
- Terms up to 36 months
- No pre-payment penalties
| Term | APR* | Payment Example** Per $1,000 Borrowed | Payment Example** Per $5,000 Borrowed | Payment Example** Per $10,000 Borrowed |
|---|---|---|---|---|
| 12 Months | 7.74% | $86.82 | $434.10 | $868.19 |
| 24 Months | 7.99% | $45.17 | $225.86 | $451.73 |
| 36 Months | 8.99% | $31.74 | $158.69 | $317.38 |
Say goodbye to your higher-interest debt in 2026!
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*APR is annual percentage rate.
**The rates and payments disclosed are based on a minimum credit score of 660. To receive approval for this offer, applicants must satisfy any applicable criteria bearing on their creditworthiness, including income, employment, and any other information provided on their application. The minimum loan amount is $500, and the maximum loan amount is $10,000. Offer does not apply to the refinancing or paying off of any UMassFive loan. Because this is a promotional rate, Co-op Points are not available to lower rate. This offer ends on February 28, 2026. Acceptance of this promotional offer must be made by that date. Payment example: The monthly payment for a 7.74%,12 month term loan is $86.82 per $1,000 borrowed.