SA Home Loans prides itself on being a responsible lender. They do not want their clients to struggle with debt repayment, and they have achieved the lowest arrears rates in the industry. As with any other credit facility, debt consolidation loans can be used wisely or unwisely; but there are many tangible advantages which debt consolidation offers when used sensibly.
SA Home Loans Debt Consolidation
Debt consolidation means that you would take a further advance on your Home Loan for R190 000 and use this cash out to settle and close all the other accounts. After consolidation you would have a single home loan of R790 000, and the instalment would be approximately R7 110 pm (excluding fees, charges and insurances).