RCW Consolidation Loan
We understand the unique calling you have answered and your desire to stay focused on your ministry. We strive to help you meet your personal financial needs effortlessly, and with a staff that knows the unique qualities of your profession. This program is available to LCMS Ordained and Commissioned workers, and is designed to lend financial assistance by consolidating outstanding debt into one monthly payment.
Details
- Loans up to $25,000.00 are available
- Ability to consolidate existing credit balances (credit cards, loans, medical expenses, taxes, auto repair bills, etc.)
- Loan funds disbursed directly to creditors
- Interest rates starting at 6.875% (7.043% APR*)
- Payback terms up to 7 years for lower monthly payments
*APR is the Annual Percentage Rate. Rate referenced above is the lowest rate possible for qualified borrowers and is based on underwriting criteria. There is a one-time $100 loan origination fee. Loan example: $25,000 at 6.875% for 60 monthly payments of approximately $493.56 each with a corresponding APR of 7.043%. All loans are subject to approval. Additional terms and conditions may apply. Rates are subject to change.