Refinance Your Personal Loan & Save with This Limited-Time Offer

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Discover the Benefits of Personal Loan Refinancing

Why Refinance Your Personal Loan?

As you work toward paying off your current personal loans and credit cards, you might want to consider refinancing. There are many reasons why refinancing may be beneficial, and various options are available to help meet the specific goals you may have. For example, refinancing may help you lock in a more favorable interest rate or simplify your monthly budgeting by consolidating multiple loans into one.

Lower Your Interest Rate

You may be able to secure a lower interest rate for several reasons. Has your credit history improved since you first signed the loan, or have interest rates dropped? Using a closed-end personal loan to pay off a credit card or other variable-rate loan may also present the opportunity to lower your APR. Whatever the reason, refinancing your personal loan at a lower interest rate can help you save money.

Lower Your Monthly Payment

When you decide to refinance your personal loan, it’s important to consider your monthly payment options. If your goal is to pay less overall, refinance at a better rate and keep the same loan term. With a lower interest rate, you’ll reduce your payment amount and pay less interest in total. Alternatively, if you need to significantly lower your monthly payment, opting for a longer-term loan may help you achieve a more manageable payment.

Simplify Your Finances

Life can get busy, and managing your daily tasks can be overwhelming. We can help streamline your finances by making it easier to keep track of your personal loan. Simply add your personal loan to your current membership and view it alongside your checking and savings accounts when you log in to your online and mobile banking. Plus, set up recurring transfers or automatic payments to ensure you never miss a due date.

Get a Special Offer on Personal Loan Refinancing

We’ll Lower Your Current Rate by 1.00% or More*

Many people think of traditional banks or online lenders when looking at personal loan refinancing. Why not consider a credit union? We always look to offer members the most competitive rates possible for loans.

At Lanco FCU, we want to help you save money and give you more peace of mind. Refinancing with us is a great solution when you want to consolidate debts.

If you have an existing loan and wish to see if Lanco FCU can offer better terms to help you pay off your debt for less, now is the perfect time to apply. During our limited-time offer, when you bring an existing personal loan to Lanco FCU for refinancing, we’ll beat your current rate by 1.00% APR!*

  • Borrow as little as $500 or as much as $20,000*.
  • Terms of 1 to 5 years are available, based on the amount you borrow.
  • With a fixed rate and regular monthly payment, there’s no surprises.
  • Current rates range from 9.74% APR–18.00% APR, based on credit score.
    • Qualified borrowers may receive a rate as low as 8.74% APR with this offer!*
  • Enjoy a short break after refinancing, with the first payment due after 45 days.

How to Apply for Personal Loan Refinancing

Apply for your personal loan online in about 10 minutes, and you will typically receive a decision within 2 business days. When you apply, you will need to have the following information available for each borrower on the loan:

  • Social Security number
  • Valid Photo Identification
  • Date of Birth
  • Physical Address

To help our lenders understand your goals, please use the comments section of the application to describe any debts that you’re looking to refinance with this loan and provide any additional information about why you are applying.

Have Questions? Contact Us for Assistance

Please call us at (717) 569-7180 or (888) 318-4222 if you have any questions or would like to speak with a lender before applying. If you would like to apply in person, please call or contact us to schedule an appointment.

Not a Member Yet?

If you’re not already a Lanco FCU member, it’s no problem! If you live or work in Lancaster County, PA, you’re eligible to become a member. You can get started by applying for a loan, and if approved, conveniently open your loan and membership account at the same time.

*Offer current as of 7/5/2024 and may be changed or withdrawn at any time. Offer not valid for refinancing of Lanco FCU loans. For refinancing of a personal loan, Lanco FCU will match your current loan rate and lower it by 1.00% APR for a loan of like terms or offer Lanco FCU’s current advertised rate, whichever is lower, subject to approval. Loan maximums may apply. Rate floor applies; offered rate may be no lower than 8.74% APR. Payment example: A $20,000 loan at 8.74% APR would require 60 monthly payments of $412.65. Ask a Lanco FCU representative for complete details.