The table below is a repayment example for a Chase Private Consolidation Loan. Repayment begins approximately 45 days after the consolidation loan is funded.*
| Repayment of Principal and Interest | |
| Amount Requested | $30,000.00 |
| Origination Fee | 0.00% |
| Principal Amount of Loan | $30,000.00 |
| Interest Rate | 5.99% |
| Term | 300 months |
| Repayment Terms | |
| Monthly principal and interest payment | $193.11 |
| Annual Percentage Rate (APR) | 5.99% |
Student Loan Specialists are available Monday - Friday, 8 AM - 8 PM Eastern to help you complete the application process and answer your questions.
*Important Information: This example is based on a student-only borrower with excellent credit and is subject to change. The interest rate used above is based on LIBOR (London Interbank Offered Rate). The current index is 2.49%,
based on the value of the one-month LIBOR index on September 15, 2008. The interest rate and payments are variable and adjusted quarterly. The interest rate and APR will decrease or increase during the life of the loan if the Index decreases or increases. Using a cosigner will reduce the interest rate by 0.50% from the rates above.
The margins can vary from 3.50% to 8.50% based on borrower and cosigner (if applicable) credit history. The margin used in the example above is representative of loans expected to be made under this program. This information was current as of 09/15/2008.
The margins can vary from 3.50% to 8.50% based on borrower and cosigner (if applicable) credit history. The margin used in the example above is representative of loans expected to be made under this program. This information was current as of 09/15/2008.