If you are holding multiple credit cards, personal loans or car loans with a higher monthly repayment or a short term loan with higher interest rate and repayments, we can assist you to consolidate your debts into one personal loan or mortgage.
Let's face it, we all have a different reason for wanting to consolidate ourdebts, the one thing we all have in common is the knowledge of the fact that debt consolidation loans are the best way to relieve financial pressure whatever the reason for the decision to consolidate.
For Example, below are different reasons people come to us for debt consolidation;
Get your debt paid off in the end and escape the debt wheel.
Solution: By re-amortising the loan over a longer period (e.g. 3 Years, the monthly repayments of $1,000 per month can be reduced to approximately $254 per month. This gives you the ability to use the extra $746 per month saved towards the home loan, therefore you will be more likely to meet the "Servicability requirements" when your home loan is being assessed. The great news is, that we also have a mortgage side to our business with over 36 lenders, therefore we are a one stop shop who can help you strategise your current debts in order to meet the banks lending criteria in the end.
We can arrange secured or unsecured personal loans or blend of both in one personal loan account to consolidate your debt. When you are paying off a car loan you can use the car as a security to get a better rate for the loan. Depending on your financial situation we do the pre-assessment for your loan and confirm you the maximum amount possible to consolidate.
We will help you to understand typical policy and requirements of the lender that you can submit your application to the right place other than applying everywhere and get it declined.