As you take out more credit, your total number of payments, the amount you pay in admin fees and your financial stress increase exponentially. You may feel stressed about missing repayments, forgetting debit orders, and receiving unexpected payment reminders.
Instead of balancing the mental load of multiple payments each month, various admin fees and differing interest rates, consider debt refinancing. Debt refinancing, also known as a consolidation loan, is credit taken out to pay off all other loans at once.
For instance, if you have a car repayment balance of R100,000, personal loan for debt consolidation balances of R100,000 and credit card debt of R50,000, a consolidation loan of R250,000 would pay off all this debt at once. Then, you would only have to worry about the interest rate on your consolidation loan and its admin fees.
Typically, consolidation loans have lower interest rates than other personal loans. Since this sort of credit is a long-term loan, consolidation loans also allow longer repayment periods, ensuring peace of mind. Instead of worrying about how you’ll make the last few thousand Rands in payment in just a few months, sleep peacefully in the knowledge of your new safety net: debt refinancing.
To qualify for a consolidation loan, you must have a regular monthly income, not be over-indebted and not be barred from taking out credit (from an administration order or a similar issue). Once you’ve filled out our contact form, one of the Speedy Loans experts will reach out to you.
We’ll ask you about your circumstances, how much you want to borrow and your ideal interest rate and repayment period. Once we’ve found a suitable loan and all parties have agreed to its terms, your consolidation loan will be transferred to your account.
At Speedy Loans, we only work with reputable lenders. Our National Credit Regulator-registered lenders are trustworthy, approve applications quickly and handle all applications with care. Speedy Loans strives to help you improve your quality of life by empowering you to address your financial shortfalls with quick loans.
After you’ve repaid all other loans, your credit score will rise. When you keep making repayments on time and in full, you’ll become eligible for benefits like lower premiums, better rental properties, other lines of credit and more affordable interest rates. Consolidation loans also help you to ensure you don’t default – miss a payment – or pay late, which can adversely affect your financial future.
Try a Speedy Loans consolidation loan and give your wallet the power-up it deserves. Enjoy lower interest rates, more time to pay and assistance from experts with years of lending experience. With the peace of mind debt refinancing provides, you’ll be able to better plan for the future, ensuring long-term financial freedom.
Our quick and easy process takes just minutes to complete. We are a safe and legitimate loan company, dead-set on helping you repay all your debts with ease. Trust Speedy Loans, your partner in quick, easy personal loan for Debt Consolidation. Fill in our loan application form today.
