Private Loan Consolidation

Repayment Options

Lower your monthly payment with a flexible repayment term.

Depending upon the amount of your loan, you can stretch your repayment term up to 30 years. Lengthening the term of your loan will significantly reduce your monthly payment, although you should note that your extended repayment term will increase the total amount of interest you pay on your loan. And because there are no prepayment penalties with CFS, you can reduce your interest costs by increasing the amount you pay each month or by paying off your loan early.

Available repayment terms for private loans:

* This term only available with a 1% loan guarantee fee.

(1) Terms of repayment for $100,000 at 1% Loan Guarantee Fee: 360 monthly payments of $672.02.
(2) The interest rate calculated at Prime Rate +1% (as of 5/31/05, the Prime Rate was 6.00%, and your interest rate would be 7.00%). The corresponding APR is 7.10%.
(3) The APR is a variable rate that may increase after you close on your loan.