Payment Examples

There are several term options to choose from when selecting a debt consolidation loan that's right for you. Use the corresponding chart to determine your potential monthly payment and request the option that best fits your budget. You can also use our calculator to find out how much you could save.

Loan Amount: First, find the amount of debt you would like to consolidate. You can request a loan amount from $5,000 up to $25,000.

Loan Length: Then determine how many months you'll take to pay down your loan. You can request from 36-72 months1, depending on your offer. There are no pre-payment fees if you're able to pay it off even sooner.

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$5,000

APR Monthly
payment for
72 months
Monthly
payment for
60 months
Monthly
payment for
48 months
Monthly
payment for
36 months
7.99% $87.64 $101.36 $122.04 $156.66
9.99% $92.60 $106.21 $126.79 $161.31
12.99% $100.34 $113.74 $134.11 $168.45
15.99% $108.43 $121.56 $141.68 $175.76

$10,000

APR Monthly
payment for
72 months
Monthly
payment for
60 months
Monthly
payment for
48 months
Monthly
payment for
36 months
7.99% $175.28 $202.72 $244.08 $313.32
9.99% $185.21 $212.42 $253.58 $322.62
12.99% $200.69 $227.48 $268.23 $336.89
15.99% $216.86 $243.13 $283.35 $351.52

$15,000

APR Monthly
payment for
72 months
Monthly
payment for
60 months
Monthly
payment for
48 months
Monthly
payment for
36 months
7.99% $262.93 $304.07 $366.12 $469.98
9.99% $277.81 $318.63 $380.37 $483.94
12.99% $301.03 $341.22 $402.34 $505.34
15.99% $325.30 $364.69 $425.03 $527.28

$20,000

APR Monthly
payment for
72 months
Monthly
payment for
60 months
Monthly
payment for
48 months
Monthly
payment for
36 months
7.99% $350.57 $405.43 $488.16 $626.64
9.99% $370.42 $424.84 $507.16 $645.25
12.99% $401.38 $454.96 $536.45 $673.78
15.99% $433.73 $486.25 $566.70 $703.04

$25,000

APR Monthly
payment for
72 months
Monthly
payment for
60 months
Monthly
payment for
48 months
Monthly
payment for
36 months
7.99% $438.21 $506.79 $610.21 $783.29
9.99% $463.02 $531.05 $633.94 $806.56
12.99% $501.72 $568.70 $670.56 $842.23
15.99% $542.16 $607.82 $708.38 $878.80
Important Information

1 Your repayment terms will depend on your APR and loan term for which you qualify, depending on your creditworthiness. Example - on an 9.99% APR loan you will have: (1) 36 monthly payments of $32.26 per $1,000 borrowed; or (2) 48 monthly payments of $25.36 per $1,000 borrowed; or (3) 60 monthly payments of $21.24 per $1,000 borrowed; or (4) 72 monthly payments of $18.52 per $1,000 borrowed. See the Key Information on Your Loan previously provided to you for additional information.

2 The First Solution loan cannot be used to pay for postsecondary educational expenses, tuition, or to consolidate postsecondary educational loans.