Consolidating your various debts into one easy to manage personal loan can simplify your banking and save you money.
Below are 6 reasons why you should Consolidate off of your debts into one

1. Lower Interest Rates

Most Personal Loans can offer interest rates that are cheaper than your credit card or other consumer loans. Some of our Lenders can give a Rate Quote upfront providing accurate comparisons without affecting your Credit Score.

2. One Repayment

One repayment each month means no more juggling multiple accounts and can often lower than your combined repayment amounts. Having the piece of mind of one payment each month allows you to breath easier.

3. Principal and Interest Repayments

Set up your Personal Loan to repay Principal and Interest ensuring every payment pays off a little more of the loan. The amount the interest is calculated on is reducing too.

4. Fixed Rate Loans

A great thing about Personal Loans is that they have fixed rates. This means the amount you pay off every month does not change. Another tip is you can pay extra off the loan at no charge

5. Additional Repayments

Most Personal Loan Lenders will allow additional payments to be made and you can make as many as you like! Like with any loan, there may be an additional charge for paying off your Personal Loan sooner and may have a break cost. Always best to check the fine print

6. Loan Paid off in Full

Personal Loans are generally for 5-7 years. At the end of your Personal Loan Term your loan will be paid off in full meaning you will have paid off all of your debt and have no further repayments to make.

Is it time to consolidate your debts? Get in touch with us today to discuss your debt consolidation needs.