Debt Consolidation
Bring eligible debt obligations together.
Debt consolidation may allow eligible existing credit obligations to be replaced or settled through a new credit arrangement, subject to assessment and applicable requirements.
Apply now →- ✓ From R10,000
- ✓ Up to R6,000,000
- ✓ Repayment terms up to 160 months where applicable
- ✓ Application: Online
- ✓ Assessment: Subject to applicable lending criteria
- ✓ Supporting documents may be required
Start with the purpose.
The appropriate use of finance depends on the product selected and the customer’s circumstances.
- ✓ One structured repayment
- ✓ Potentially simplify multiple qualifying obligations
- ✓ Better visibility of the new repayment structure
- ✓ A clearer picture of applicable cost and term
Prepare for the journey.
Depending on the product, customers may be asked for:
- ✓ Existing credit agreements
- ✓ Current repayment information
- ✓ Income and expense information
- ✓ Supporting statements and documents
Information is reviewed carefully.
Your application information may be reviewed as part of the applicable assessment process. This may include relevant financial information, affordability and supporting documents.
Read before you decide.
Do not accept credit simply because you have been approved. Review the quotation and agreement carefully.
- ✓ How much you are borrowing
- ✓ What you will repay
- ✓ When you will repay
- ✓ What interest and fees apply
- ✓ What happens if payments are missed
- ✓ Your rights and responsibilities
Consolidation is not the same as eliminating debt.
Debt consolidation restructures eligible existing obligations; it does not make debt disappear.
Before considering consolidation
- ✓ What debts would be included?
- ✓ What would the new repayment be?
- ✓ What is the new total cost?
- ✓ How long will I repay?
- ✓ Will the new arrangement improve my overall position?
Consolidation may not be suitable for everyone. Consider your financial circumstances carefully before applying.
Still have questions?
You do not have to begin your application before understanding the process.