Consolidation loan | Definition of Consolidation loan at Debt consolidation - WikipediaWhat Is a Consolidation Loan? - The BalanceDirect Consolidation Loan DefinitionA loan that pays off two or more loans. A consolidation loan often comes with a lower monthly payment and/or interest rate than the previous loans, as well as a longer repayment period. The process is usually called debt consolidation, and is often used for student ;· Debt consolidation is the process of paying off multiple existing debts with one new loan. Although there are special loans marketed as debt consolidation loans, personal and home equity loans can be used for debt ;· A debt consolidation loan allows you to combine several debts — generally with more favorable terms than you had before. But it isn’t right for everyone. A debt consolidation loan allows you to combine several debts — generally with more favorable terms than you had before. But it …26/07/2021 · A direct consolidation loan is a type of federal loan that combines two or more federal education loans into a single loan with a fixed interest rate based on the average rate of the loans …

Tags: Consolidation loans meaning, Consolidated student loans meaning, Debt consolidation loans meaning, Meaning of bank consolidation loans,