Buried under the burden of a mortgage loan? You are not alone in this as many people are facing the same scenario. If you have multiple loans, it can be even more terrifying. You may be spending a major part of your salary in loan repayment and you should not be pressed that hard. It is also possible to forget about multiple EMIs and that adds to your burden. 2022 can be a good time for you to crush your mortgage loan with debt consolidation loan Singapore.
What is debt consolidation loan?
Debt consolidation loan covers all your debt into a single account including your credit card debt and you would be paying a single EMI for each month. There are licenced financial organizations in Singapore that offers the facility to consolidate your loan. You can check for your eligibility and have a meeting with the financial advisor to consolidate all your loan. Not only your interest rates will decrease but you will be asked to pay a much lower amount and can save more.
Debt consolidation loan is a variant of personal loan with lowest interest where your debts will be the same but your monthly instalments will be lower. The amount of loan will be divided in equal portions and in some years, you will be completely debt free.
There are some financial organizations that offer personal loan with lowest interest and you can get some of them even if your credit score is not high. Golden Credit is one of those organizations with numerous loan options. Check the website of the company and fill in your details to get the loan at the lowest cost. You can get emergency loan, short term loan, payday loan, wedding loan, holiday loan and much more from this reputed loan company.