Everything You Need To Know About A Debt Consolidation Loan

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Understanding Debt Consolidation Loans in Singapore - Should You Go With Private Money Lenders?

A debt consolidation loan from an authorised money lender allows you to combine all your debts into a single, lower interest rate loan. It is particularly beneficial when you have high-interest rates debts. Combining your debts this way allows you to lower your monthly payment and makes it easier for you to afford your monthly bills. There are several different types of loans you can use to consolidate your debt.

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Who Can Apply For Debt Consolidation Loans in Singapore?

Individuals, businesses alike can apply for a debt consolidation loan. Depending on your requirements, the debt consolidation loan could be structured differently.

Take out a debt consolidation loan with 96bm

96BM Credit Pte Ltd Debt Consolidation Loan/Plan

As a licensed moneylender in Singapore, 96BM Credit Pte Ltd provides fuss-free debt consolidation loan in Singapore.

Our clients choose us because of how fast we approve their loans. 

Additionally, with extremely reasonable interest rates as low as 2.27% simple interest per month, it will ensure that your debt consolidation loans will remain extremely affordable for you to pay off.

 

Maximum Loan Amount: $300,000

Maximum Loan Repayment Period Allowed: 2 Years

Minimum Interest Rate: 2.27% per month

Processing Fee Required: up to 10%

Early redemption penalty: Nil

Approval duration: 30 minutes to 1 hr

Frequently asked questions about debt consolidation loans in Singapore

No. It raises your credit score instead since you will be able to pay off debt more easily.

It depends on your current financial situation. We recommend you to speak to our customer success executive from our loan company to find out more.

If you are able to avoid taking additional debt, it is definitely a smart way to do it.

Consolidating credit card debt could help simplify and lower your monthly payments in the long run, freeing you from debt.