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Personal Loans for Debt Consolidation

Consolidate debts into one monthly payment

Check your rate with no impact to your credit score.

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Benefits of a debt consolidation loan

Make one monthly payment

Use our Debt Consolidation Calculator to see what your fixed monthly payment could be.

Paying less interest could help reduce debt faster

For more advice, see our tips and resources for managing debt.

Manage debt on your own terms

Loan amounts from $3,000 to $100,000 and terms between 12 and 84 months.

Get a decision quickly

Check your loan options in minutes without impacting your credit score.

Fixed interest rates as low as 6.74% APR,

With predictable monthly payments and rates from 6.74% to 26.74% APR, you can find peace of mind on your journey.

Personal loan rates
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Questions about debt consolidation loans

A personal loan for debt consolidation combines multiple debts into a single loan with a fixed interest rate and repayment term. You can consolidate debts from credit cards, mortgages, and other sources. Please note that college student loan debt is not eligible for this type of personal loan.

Consolidating your debt can be a smart move if you have multiple higher-interest debts. It could help you pay off your debt faster, lower your interest payments, and get down to one monthly payment. You'll need to have a credit score that's high enough to qualify for a lower interest rate. Otherwise, a personal loan for debt consolidation may not be the right option for you.

Debt consolidation merges other qualifying debts you have into one loan. When you're approved for the new loan, those funds are used to pay off existing debts. Depending on the terms of your new loan, you could simplify your finances by making a lower monthly payment and paying off your debt sooner.

In some cases, debt consolidation loans can temporarily lower a borrower's credit score. But they can also have a positive impact on your credit score in the long term, if the loan is used responsibly and payments are made on time.

How can we help?

Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple debts means you will have a single payment monthly, but it may not reduce or pay your debt off sooner. The payment reduction may come from a lower interest rate, a longer loan term, or a combination of both. By extending the loan term, you may pay more in interest over the life of the loan. By understanding how consolidating your debt benefits you, you will be in a better position to decide if it is the right option for you. New credit accounts are subject to application, credit qualification, and income verification.

Representative example of repayment terms for an unsecured personal loan: For $16,000 borrowed over 36 months at 12.99% Annual Percentage Rate (APR), the monthly payment is $539. This example is an estimate only and assumes all payments are made on time.

The Annual Percentage Rate (APR) shown is for a personal loan of at least $10,000, with a 3-year term and includes a relationship discount of 0.25%. Your actual APR may be higher than the rate shown.

At least 10% of the applicants approved for these terms qualified for the lowest rate available based on data from 04/01/2025 to 06/30/2025. The rates shown are as of 07/07/2025 and subject to change without notice. Your Annual Percentage Rate (APR) will be based on the amount of credit requested, loan term and your creditworthiness. The lowest rate available assumes excellent credit history.

Annual Percentage Rate will be based on credit history, the amount financed, and the loan term.

Important information. We only offer personal loans to existing Wells Fargo customers. For more information about becoming a customer, make an appointment to visit a location near you.

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