Juggling multiple personal loans or credit cards can be expensive and stressful — high interest rates, different due dates, and separate repayments can add up quickly.
Did you know you might be able to consolidate your debts into your home loan for a better interest rate and simpler repayments?
Why consolidate your debts into your home loan?
- Save on interest: Home loan rates are usually much lower than personal loans or credit cards.
- Simplify repayments: One monthly payment instead of several, making budgeting easier.
- Potentially pay off debt faster: Lower interest means more of your repayment goes toward reducing the principal.
Things to consider:
- Consolidating debt into your home loan means your loan balance will increase, so it’s important to have a clear plan to manage repayments.
- It’s essential to review your full financial situation and goals before deciding, to ensure debt consolidation aligns with your long-term plans.
At The Loan Room, we help you explore debt consolidation options tailored to your needs, so you can save money and reduce stress.
Take control of your finances — book a call to explore your debt consolidation options.