All loans are subject to credit approval and
meeting the parameters set forth by chulo fund tools . The APR ranges from 8.99% to 21.49%. Repayment terms go from 24 months to 60 months. There are no origination and annual fees. There is no down payment required and there is no prepayment penalty. Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. Funds are generally deposited via ACH for delivery next business day if verification is completed and final approval occurs by 3:00 pm CT Monday-Friday. Business days are from Monday through Friday, excluding federal holidays. Approval process may take longer if additional documents are requested as part of the verification process. Loans start from $2,000 up to $35,000. The loan amount will be subject to credit approval.


What can I use my personal loan for?
Personal loans can be used for almost anything. A personal loan is an amount of money borrowed at a fixed rate that needs to be repaid in a specific amount of time. If you make the right decision, you could get a low rate for a personal loan and use it for debt consolidation or even home improvements. We share below some of the common uses of a personal loan online.

What is a Debt Consolidation Loan?

A debt consolidation loan is a personal loan that can provide a simple and more affordable way to combine multiple debts, like credit card balances and medical bills, into one convenient monthly lump sum payment. This kind of loan typically comes with lower interest rates and lower monthly payments. So, if you’re struggling to pay all your day-to-day expenses as well as what you owe to creditors, a debt consolidation loan can be a great way to free up some extra cash and live a more comfortable, hassle-free life. It can also save you money on interest and even help you pay off your debt faster.

How Does a Debt Consolidation Loan Work?

A debt consolidation loan works by giving you a new loan that you can use to pay off your outstanding debts instantly. Then, rather than making multiple monthly payments to many different credit card companies, banks, and bill collectors, you simply make a single debt consolidation loan payment. While debt consolidation loans don’t erase your debt, they do help you pay it off in a smarter, more affordable way. That’s because they usually come with lowe fixed interest rates that won’t increase, and of course, there’s no annual credit card fees.

Benefits of a Debt Consolidation Loan One easy monthly payment.

You don’t have to stress about keeping track of multiple minimum credit card or bill payments. Interest rates — that won’t change. Free up more money for the day-to-day expenses and activities that matter most. No origination fee. No annual fee. Get access to funds as early as the next business day1 , so you can pay off outstanding balances immediately.

How Much Can I Save with a Debt Consolidation Loan 2 from CHULO FUND TOOLS?

Say you owe $7,500 on a loan for a medical bill that has an interest rate of 13.89% and another $10,000 on a credit card with an APR of 18.49%. Here’s how much you could save by taking out a simple debt consolidation loan for your total debt of $17,500.


What is an Emergency Loan?

An emergency loan is a personal loan that offers a smart and effective way to cover unplanned and completely unpredictable costs and expenses. After all, you can’t budget for everything — and no matter how much you work to expect the unexpected, sometimes there’s simply no way to know what’s ahead. This type of loan can give you the peace of mind that matters when a financial shock would otherwise leave you struggling and stressed out. CHULO FUND TOOLS EMERGENCY LOANS comeNwith quick approval times, low interest rates, no annual or origination fees, and a simply flexible loan payment schedule.

How Does an Emergency Loan Work?

An emergency loan is an unsecure personal loan that gives you the power to pay for unforeseen expenses immediately. If approved, you’ll get the money in your account as soon as the next business day 1 . Then, instead of using a credit card to cover costs and juggling multiple credit card minimums with high interest rates, you just make simple fixed-rate repayments based on the terms you choose. Personal loans tend to come with lower rates than credit cards and no annual fees, so while you’ll still need to pay back the money you borrowed, you can do it in a smarter, more affordable way.