Debt Consolidation is the process of combining your smaller, more expensive debts, like credit- and store cards or personal loans, and consolidating them into one or two larger debts. This is ideally done through a Personal Loans as it is secured finance and hence at the lowest possible interest rate. Otherwise an unsecured consolidation can be used.
Things work better when we work together. Make the most of your budget when you combine your loans today. Mix ‘n match up to 5 loans into 1 easy-to-manage Consolidation Loan to the value of R250 000 and save cash with a lower repayment
There are two main reasons why you would consolidate your debt
1. To reduce the monthly cost of your existing debt funding by decreasing your interest rate payable. Thus saving you interest and relieving your monthly cash flow.
2. To try get rid of the complication of having to pay back lots of creditors. By concentrating on one or two large creditors you‘ll make your money management issues far simpler.
Simplify and save with a Royal Credit and Finance Debt Consolidation Loan.
You get these benefits:
- A single service fee and credit protection plan.
- A single fixed monthly payment.
- Lower monthly payments on your qualifying credit; consolidating debt frees up cash.
- Our experienced debt consolidation team will handle all the admin of settling your credit commitments.
- You could qualify for further cash in your bank account.
- A fixed loan term that avoids the cycle of revolving credit.
