Loan to Settle Debt

Do you need a loan to settle debt? Debt consolidation, or refinancing your debt, is a fantastic way to save on interest payments, admin fees, and expenses every month. This is when you take out one big loan (the maximum loan amount is R350 000) and use it to pay off all your other debts, like credit card debt, medical debt, student loan debt, store card debt, furniture loan debts, auto loan debt, personal loan debt, business loans, and other loan debt.

People consolidate their debts to pay off their bonds in 5 years or less, free up room in their budgets, have peace of mind about debt, or even become financially free.

How to Get a Loan to Settle Debt

To get a consolidation loan, you’ll need to fill in our contact form. This form asks for your particulars (name, ID number, contact details), income details (whether you’re employed, gross income, net income, where you work, the duration of your employment there), and your debt details (the loan amount you need, your monthly credit repayments, your total monthly repayments). It also asks for permission for a 3rd party to check your credit. Don’t worry, you can get a consolidation loan with your account in arrears or bad credit!

After that, we’ll get in touch and ask for a payslip, proof of address, a copy of your ID, and permission to check your credit report and score. If all is in order, we’ll proceed with the loan application and deposit your consolidation loan amount.

Then, you’ll use the loan amount to pay off all your debts at once, securing one much lower interest rate, one admin fee, and a much longer repayment period, freeing up room in your budget to put together an emergency fund or pay your consolidation loan faster.

Loan to settle debt

To get a loan to settle debt (consolidation loan), contact Debt Refinance. We’re excited to help you reach financial freedom.