Debt consolidation is the process of taking out a new loan to pay a number of small loans and liabilities. Multiple debts are combined into one large debt that has favorable payoff conditions. These conditions could relate to lower interest rates and lower monthly payments. Debt consolidation loans can be taken to combine the credit card debts, student loan debts and any other type of debt.
If you are trapped in the vicious circle of various debts and are looking for the best debt consolidation plan in Singapore, get in touch with representatives of Maybank. We offer several plans and offers that can help you consolidate and pay off your loans.