Debt Consolidation

Debt consolidation is taking all your outstanding debts (example: the money owing on your clothing accounts, personal loans and credit cards) and placing them all into one loan so that you only need to worry about the re-payment of one loan. It can also be more affordable monthly as the repayment periods are generally longer and can have a lower interest rate and therefore require a lower monthly installment than what you are currently paying. Debt Consolidation won’t have a negative impact on your credit score and can be useful to ease the monthly burden of debt repayment. Speak to one of the following banks about consolidating your debt. Please be aware that debt consolidation is not an answer to solving your debt problem it is only supposed to make it more bearable and you MUST ensure that you change your spending patterns so as to not let yourself get caught up in the debt trap again. Interest rates vary based on your affordability and risk profile. Debt protection is available if you want it.

Product Information

Type of debt that can be consolidated: Personal Loans
Retail Accounts
Personal Loans Personal Loans
Retail Accounts
Credit Cards
The amount that can be consolidated (depends on your affordability and credit profile) : Up to R150,000 Up to R150,000 R3,000 - R150,000
Term of the loan: 6 Months - 60 Months 12, 24, 36, 48 or 60 Months 12 Months - 84 Months