Debt Consolidation Online Application

Applying for a loan in real life can be awkward, take long, and require printing documents, which can be expensive. Luckily, Debt Refinance has streamlined the debt refinancing process by providing a consolidation loan application option. Applying for a loan with us is as easy as pressing the contact button. You’ll be redirected to a contact form, where you can choose between shooting us an email or applying for the loan. It takes two minutes and doesn’t require any document uploading. Then, consolidate all your debts into a single loan.

What’s in the online application?

Here’s a quick rundown of the information we’ll need from you:

Title, Name, and Surname

This is so we know how to properly address you. You can choose between the doctor, esquire (for lawyers), honourable (for government positions), and the common, Ms., Mrs., and Mr. prefixes.

Then, we’ll ask for your first and last name. If you have a middle name, you’re welcome to include it in the name box.

ID Number

This is so we can run a credit check. Credit checks tell us your existing DTI and help us figure out how high-risk you are, which is important when discussing loan terms with you.

Email and Telephone Number

We need your email address and cellphone number so we can contact you to arrange a chat about how much debt you need to consolidate, interest rates, repayment length, and how we can best optimise your loan to fit your needs.

Whether You’re Employed

Unfortunately, we’ll be hesitant to loan you money if you’re unemployed, as you likely won’t be able to pay us back and may default. This will be uncomfortable for everyone involved.

Gross Income

This is your salary before taxes.

Net Income

Net income is how much you have after taxes and living expenses (rent, food, etc.)

Where You Work

This helps us ascertain where you’re located and what your socioeconomic status is.

How Long You’ve Worked There

The amount of time you’ve worked at a company tells us how financially stable you are, which can make for better interest and loan terms.

Loan Amount Needed

You can borrow a maximum consolidation loan amount of R350 000.

Monthly Credit Repayments

This helps us figure out whether you’re over-indebted.

Monthly Living Expenses

Before you take out a loan to consolidate your other ones, we run an affordability assessment to ascertain whether you can afford to take out further finance.

Total Monthly Expenses

Add your credit, living, and any other expenses you pay.

Permission for 3rd Party

We use Credit Boost (XDS partner) to run a credit check on you.

Permission for Credit Check

Legally, we can’t run a credit check without your consent. Don’t worry, you can still get a loan with bad credit.

That’s all we need for your online application! Complete your application now with our simple and easy contact form, then pay off all your debt at once.