In their simplest form, debt consolidation loans are a one-stop solution for individuals to pay off their debts, mainly high-interest debts, and other types of unsecured personal loans.
Even though it is not a solution for individuals to get rid of their financial obligations, it is a single loan sanctioned to pay multiple debts over many months or years. This provides relief to people as they do not have to juggle between different high-interest rate loans, tenures, and locations to repay their loans. It is like a heavy burden offloaded from their shoulders.
Below is a summary of the most popular approved debt consolidation companies in Singapore to help you manage your debts effectively and efficiently.
Approved Debt Consolidation Companies In Singapore
Goldstar Credit Pte Ltd
Orange Credit Pte Ltd
Aero Credit Pte Ltd
Capital Funds Investment Pte Ltd
Approved Debt Consolidation Companies in Singapore: Contact Us
Debt consolidation can be an easy, effective solution to solve your financial obligations. Yet, selecting the right debt consolidation loan bank or financial institution can be a long and tedious process due to all the different options, and it is important to be extra careful to secure the best debt consolidation loan offer from a trusted company.
Many times, several non-licensed companies (loan sharks) or banks may purloin your money. Initially, they will indicate to offer very low-interest rates, but take a closer look, and you will realise they have a huge upfront fee. By the time you finish the transaction, they might even just vanish.
To avoid such traps, it is recommended that you use a trusted comparison site to help you identify the best offers from financial institutions and banks. At Lendela, we frequently vet all banks and financial institutions in our partner panel and only work with authorised loan providers. That way, you can use our services without worrying about falling into the hands of loan sharks.
You might also want to keep an eye out for certification by Singapore’s Ministry of Law when looking for approved debt consolidation companies in Singapore. This will ensure you receive the best treatment for their monetary transactions.
Applying for a debt consolidation loan through Lendela also raises the chances of the loan getting approved, as your application will be sent to multiple loan providers. The process is easy and involves just a few simple steps:
Visit lendela.com and submit a short debt consolidation loan application. This should only take you a few minutes.
Once you apply via Lendela, our partnering banks and financial institutions will return with personalised and pre-approved loan consolidation plans, meaning that you only need to pass a final check to start your journey to financial freedom.
Review the offers based on your monthly income, interest rate, credit, tenure, and fees and select the best plan for you.
Book an appointment with the bank to sign the agreement. Once signed, the funds will be released into your account.
Remember that even if you do not qualify for the best approved debt consolidation, it is still possible to wrap the high-interest loans by taking out a personal loan in Singapore to clear them. You can use Lendela’s free online loan matchmaking service today to get a debt consolidation loan from the best banks and financial institutions, with the best terms and conditions.
Debt consolidation loans allow individuals to roll multiple debts into one loan with one monthly repayment. This is often done to make debt repayments more manageable and get a lower interest rate.
Singapore’s top debt consolidation loan companies are Goldstar Credit Pte Ltd, Orange Credit Pte Ltd, Aero Credit Pte Ltd, and Capital Funds Investment Pte Ltd.
Beware of non-licensed debt consolidation loan providers, who operate unlawfully and often charge hefty hidden fees.
To avoid loan sharks and simplify the tedious process of sorting through a sea of debt consolidation loan options, Lendela is one of the best places to get a debt consolidation loan safely and conveniently. Visit Lendela and start comparing your loan offers today!