VIVA Personal Finance Blog

Can you take out a loan to pay off another loan?

Updated: Aug 17

Loans for loans? Actually - yes!

This is typically referred to as a Debt Consolidation Loan and it is a good choice if you are approved for a lower interest rate and effective APR.

Read our post about debt consolidation to decide if it's the right choice for you!

graphic of a loan contract with circling arrows around it

Ready to find your rate?