Fewer payments
Selected commitments may be reorganised into one scheduled repayment.
Repayment clarity
A clearer way to organise multiple financial commitments.
Debt consolidation may help eligible applicants organise several existing commitments into a more manageable repayment structure.
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Understanding consolidation
One possible route—not a shortcut.
Consolidation generally means using a new facility to settle selected existing commitments. The goal may be fewer payment dates, clearer budgeting or a different repayment structure. It does not erase debt, and extending the tenure can increase total cost even when the monthly amount appears lower.
Clearer planning
A single due date can make household cash-flow tracking more straightforward.
Informed comparison
Compare total repayment, tenure and charges—not only the monthly figure.
Prepare for review
Build a complete picture first.
List every outstanding commitment honestly before considering whether consolidation is suitable.
Gather
- Latest facility statements
- Current outstanding balances
- Monthly repayment amounts
- Settlement information, if available
Review
- Your verified monthly income
- Essential household expenses
- Other financial obligations
- A realistic emergency buffer
Important consideration
A lower monthly payment may not mean a lower total cost.
Longer tenures may reduce the monthly commitment while increasing the amount paid over time. Always request and compare the total repayment, effective rate, applicable fees and settlement conditions before deciding.
Debt consolidation FAQ
Know before you proceed.
Does consolidation remove my debt?+
No. It restructures eligible commitments; the resulting facility still needs to be repaid according to its terms.
Will every commitment qualify?+
Not necessarily. Eligibility depends on the type of commitment, settlement requirements and the assessment.
What should I compare?+
Compare monthly repayment, tenure, total amount payable, applicable charges and what happens if a payment is late.
Want a clearer view of your commitments?
Speak privately with our team about the information needed for an assessment.