Debt Consolidation

Choose our trusted debt consolidation and management consultants in Malaysia to help you regain control over your finances. With extensive experience and in-depth knowledge, our experts will guide you step by step through the process, offering practical solutions tailored to your needs.
 

Our Document Required :

• IC
• 3 month payslips (latest)
• 3 month proper bank statement with name & account number to prove salary was credited into your account / latest EPF statement
• Latest comfirmation employment letter

• Lower Interest Rate : Debt consolidation allows you to combine high-interest debts into a single loan, reducing the overall interest rate and lowering monthly payments. This simplifies your debt and enhances overall management.

• Streamlined Loan Process : By consolidating multiple debts into one, we simplify your payments, making budgeting easier and minimizing the risk of missed payments. This process enhances convenience and provides clarity.

• Reduced Monthly Payments : Consolidating your debts often leads to lower monthly payments, as multiple debts are combined into one loan with a potentially reduced interest rate, making it more manageable.

How Debt Consolidation Works

Person A is looking to simplify their financial commitments and reduce their monthly debt repayments. Currently, they are paying a total of MYR 4,200 per month for various debts. Below is a breakdown of their current liabilities:

• Personal Loan: RM 60,000 (RM 1,200 monthly repayment for 5 years)
• Credit Card Balances: RM 80,000 (RM 3,000 monthly repayment)

After consulting with our debt consolidation advisor, Person B is advised to consolidate their debts into a single loan of RM 140,000 at 3.5% p.a for 12 years. This consolidation will significantly simplify their payments and lower their monthly repayments.

Debt Consolidation Outcome:
By combining all debts into one loan, Person B will only have to pay RM 1,580 per month—a significant reduction compared to the original total of RM 4,200. This represents a major saving of RM 2,620 per month, which will ease financial strain and simplify monthly budgeting.