A debt consolidation loan can help you consolidate your multiple debts, into one simple monthly repayment. Find out more about HSBC Consolidation loans today.
Debt consolidation is the process of merging debts into one loan, which may help simplify repayments and reduce stress. Learn more here.
Considering debt consolidation plans to pay off your debt? We compared debt consolidation loans in SG to help you choose the best plan for your situation.
Enjoy promotional interest rates and fee waiver when you consolidate your balance of existing unsecured credit facilities with HSBC Debt Consolidation Plan.
Interest rates · Credit cards typically have higher interest rates compared to other types of loans. This means that missing payments can quickly become expensive. ; Minimum payments · Paying only the minimum required payment each month prolongs the debt period and increases the total interest you need to pay. ; Credit score · If you have a high credit card debt relative to your credit limit, it can affect your credit rating. This can impact future loan applications and the interest rates you’re offered.
With an HSBC Debt Consolidation Loan, you can manage all of financial commitments by consolidating all of your loans into a single loan with set repayments.
Combine your personal and credit card debt to reduce your overall monthly payment by using HSBC Amanah Personal Financing-i debt consolidation. Apply online.
Get the latest Debt Consolidation Plan interest rates for Singapore on MoneySmart.sg. See how the plans compare against other banks and apply instantly online.
Debt consolidation Plan (DCP) https://www.abs.org.sg/consumer-banking/consumers/debt-consolidation-plan .....
Items, Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] ; Average monthly repayment amount, HKD7,881 ; Repayment period, 378 months ; Total interest expense, HKD331,986