Debt Consolidation

Personal Loan rates as low as 7.49% APR1
Get Started - Offer Expires 3/31

One Loan. One Payment. Less Stress.

Tired of keeping track of multiple bills and high interest rates? Consolidating your debt into one simple loan can make managing your finances easier and save you money.

personal loan vs credit card infographic

Save up to $7,763.212 with an MHV Personal loan. 

Why apply for an MHV Debt Consolidation loan?

  • Dollar Bills with Arrows

    Flexible Loan Amounts

    Apply for a debt consolidation loan ranging from $300 to $25,000.1
  • Rate sign in lock

    Fixed Rate and Term

    Choose from terms up to 60 months with rates ranging from 7.49% to 15.25% APR.1
  • No pre-payment penalty icon

    No Prepayment Penalty

    Want to prepay or pay off your debt consolidation loan early? Go ahead. We never charge a pre-payment penalty. 
I'm Ready to Apply

We've helped +2,600 members take control of their debt since 20224

  • I could not believe how seamless the process of opening my debt consolidation loan was.
    Arefa M.
  • Very helpful in getting me a consolidation loan to get rid of some credit card debt.
    Mark P.
  • The debt consolidation loan was an easy and quick process with no hassle. 
    Ivette I.

Estimate Your Monthly Payment

Enter the amount of debt you'd like to consolidate. 

Actual rate may vary based on term and credit qualifications.

How it Works

  1. 1

    Apply Online

    The process is simple. Just fill out our secure online application.
  2. 2

    Get Approved

    Receive a quick decision and competitive loan rates.
  3. 3

    Consolidate Your Debt

    Use the funds from your loan to pay off existing debt - immediately simplifying your finances.
  4. 4

    Enjoy one Single Payment

    Say goodbye to multiple bills and hello to peace of mind with just one monthly payment.
I'm Ready to Apply

Commonly Asked Questions About Debt Consolidation

  • Debt consolidation is the process of combining multiple debts into a single loan, ideally with a lower interest rate and a more manageable payment plan.
  • Don’t wait until your debt becomes unmanageable. Consolidating early helps reduce your financial stress and may save you money in the long run.
  • If you’re struggling to keep up with multiple debts or high-interest payments, consolidating your debt can make your life easier and less stressful.
  • Once you pay down you debt, you can close your credit accounts or leave them open. It's important to avoid using them again to prevent accumulating additional debt.

 1APR= Annual Percentage Rate, which varies based on credit qualifications and loan term. Promotional rate effective January 1, 2025 through March 31, 2025 for members in good standing for loan amounts from $500 and to $25,000 excluding MHV refinances. Rate reflects a .25% discount for automatic payments from your MHV savings or checking account. Subject to change or terminate at the discretion of MHV.

4As of March 3, 2025.