Consolidating my loans

Consolidation of your debts can offer several advantages for anyone who wants to reduce repayments, reduce interest rates & move to one repayment of your loans.

One repayment: Debt consolidation lets homeowners combine all their loans into a single, manageable repayment. With one monthly repayment to track, homeowners can better manage their finances and prevent the anxiety of juggling multiple lenders.

Reduced interest rates: Homeowners often amass debts from different lenders, each with its own interest rate. By refinancing debts into a single loan, homeowners may be eligible for a reduced interest rate, meaning you can make extra repayments & pay back your debts sooner.

Increase your credit score: Always making repayments on time towards a consolidated loan can impact your credit score in a positive way. With a history of responsible debt managing, homeowners can see their credit score increase over time.

Use your property & home loan: You may have the ability to consolidate loans using your homes equity by borrowing against this equity, this will give you the best chance to get the lowest interest rate on all your loans.