Debt Consolidation
Save with Debt Consolidation
Managing multiple debts — even when you’re financially disciplined — can be stressful and time-consuming. Debt consolidation offers a smarter way to take control.
Debt consolidation involves taking out a new loan to pay off several existing debts. This combines multiple payments into a single, manageable loan, often with lower interest rates or reduced monthly commitments.
You can consolidate a variety of debt types, including:
- Credit card debt
- Personal loans
- Medical bills
- Student loans
- Informal loans (e.g., from friends, loan sharks, etc.)
Making Debt Consolidation Work for You
We’ll guide you through the entire debt consolidation process — from assessing your financial position to identifying the best loan packages available. Our advisors compare options across multiple banks to find a plan that fits your needs, with the goal of reducing your monthly burden and giving you peace of mind.
We handle the paperwork, the bank applications, and the negotiations — so you don’t have to. Let us help you simplify your finances and regain control of your cash flow.
Advantages of a Debt Consolidation Plan
Combine Multiple Payments into One
Lower Overall Interest Rates
Debt Consolidation – FAQs
Debt consolidation can be a smart move if it helps reduce your monthly instalments through a lower interest rate or extended repayment tenure. It’s most beneficial when the new loan offers a significantly lower interest rate than your current debts.
No — debt consolidation doesn’t reduce the principal amount you owe. However, it can lower your monthly repayment amount by spreading payments over a longer term, making it easier to manage your cash flow.
You may qualify for debt consolidation if you meet the following criteria:
- Malaysian citizen or permanent resident
- Minimum monthly income of RM3,000
- Aged 21 to 60 years old
To apply, you’ll need the following:
- Proof of income(e.g., payslips, EPF statement, bank statements)
- Credit report/history(e.g., CCRIS, CTOS)
- Property-related documents, if applicable (e.g., Sales & Purchase Agreement, utility bills, land tax receipt)
Debt Consolidation Application Form
Drop us a message and we’ll get in touch to explore your options and move forward together.
