If you are juggling multiple debts, a debt consolidation loan could make it easier for you to manage your repayments.
A debt consolidation loan combines some or all of your existing debts, such as credit cards, personal loans, car loans, and other high-interest loan products, into one personal loan.
The idea behind debt consolidation is to make it easier to manage your repayments.
Here’s a quick explainer animation video on what to know about how debt consolidation loans work, and things that need to be considered.
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This presentation provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal; tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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