With our fixed rate personal loan, you can raise your credit score, stop paying as much interest and finally achieve financial freedom.
Checking your rate won't hurt your credit score.*
Lower rates than most credit cards and customizable loan terms.
A single, fixed, and affordable monthly payment to simplify your life.
Paying off your credit cards can help increase your credit score by up to 40+ points.††
Our team is here, ready to help you along your journey of paying off your credit cards.
Check your rate in as little as 3 minutes.
There are no application fees or commitments, and it does not impact your credit score.
Select the offer that works best for you and finish your application.
Review your terms, verify your information and eSign your loan documents.
Your funds to pay off your credit card balances will be electronically deposited into your account.
I chose payoff because it seemed a great choice to get everything into one easy payment, while lowering my interest rate.
Payoff was the first to offer me what I actually needed, and every step of the way everyone at the Payoff team has gone above and beyond my expectations.
$5,000 - $40,000
5.99% - 24.99%
24 - 60 months
A personal loan is money that a person borrows from a lender with the understanding that they will need to pay it back within a specific amount of time. There are two types of personal loans: secured and unsecured.
Secured loans require collateral, such as a car or home. The most common type of secured loans are mortgages, home equity lines of credit and auto loans.
The Payoff Loan™ is an unsecured, fixed-rate personal loan designed to consolidate your credit cards into one monthly payment.
We believe in transparency. We clearly list out what you need to get approved for a Payoff Loan here.
Checking your rate won't hurt your credit score. *
‡ The Payoff platform provides loans with fixed rates between 5.99% and 24.99% APR for loan amounts from $5,000 to $40,000. Minimum rate for loan amounts above $15,000 is 6.99% APR. Minimum loan amount and APR may vary in certain states. Loans not available in all states. Rates may change at any time. Visit https://www.payoff.com/loan/rates-and-fees/ for specific details.
* Checking your rate generates a soft credit inquiry that is only visible to you. A hard credit inquiry that can affect your credit score appears when your loan is issued.
† † Based on a study of Payoff Members between August 2020 and February 2021. Payoff Members, who paid off at least $5,000 in credit card balances, saw an average increase in their credit score of 40 points within four months of receiving a Payoff Loan. Results may vary and are not guaranteed.
† The origination fee is charged by the lender who funds and issues your loan through our platform. Lenders do not charge any late, bounced check, failed ACH, or other fees. The origination fee is based on your loan amount, term, and credit quality. This one-time fee is deducted from your loan proceeds when your loan is issued.
** Your repayment terms will depend on your interest rate, origination fee, loan amount, and loan term. Example — A loan of $16,000 at 10.99% APR will have a monthly payment of $413 for 48 months.