Debt Consolidation Loan

Debt Consolidation is the combination of several unsecured debts into a single, new loan that is more affordable to the borrower. It involves taking out a new loan to pay off a number of other debts – credit card, consumer loans, vehicle loans, hire purchase, alimony/ child support. The new loan may result in a lower interest rate, lower monthly payment or both.

Required documents for this loan:

  • Share requirement based on length of membership and relationship with Credit Union
  • Job Letter
  • Recent salary slip
  • Evidence of Income/Expenditure (Self Employed)
  • Bank Statements – 12 – 18 months (Self Employed)
  • Supporting Documents as per request.

Apply for Debt Consolidation Loan

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