Debt Consolidation Plan
We provide debt consolidation plans with no collateral required, offering up to SGD 300,000. Our extended loan tenures make us one of the most competitive options in the market.
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Receive cash within the day
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Swift application via Singpass
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Minimal credit checks required
Break Free from the Debt Cycle with JNB Credit’s Debt Consolidation Plan
Are you juggling multiple debts and finding it challenging to manage your monthly repayments? JNB Credit’s Debt Consolidation Plan is the solution you’ve been looking for. This plan simplifies your financial life by consolidating all your existing credit card debts and personal loans from various lenders into one manageable monthly repayment.
Not only does this streamline your finances, but it also reduces the risk of missed payments. Our Debt Consolidation Plan offers competitive interest rates and flexible loan tenures, making it easier for you to pay off your debts without added stress.
Say goodbye to the hassle of keeping track of multiple deadlines and payment amounts. With JNB Credit, you can focus on what matters most while we help you regain control of your finances. Don’t let debt hold you back any longer; take the first step towards financial freedom with our Debt Consolidation Plan today.
We Personalised loan options for what you need - and when you need them.
Better and improved credit scores
Flexible loan tenures
Ease of application and approval
Increased convenience
How to Apply for a Loan with JNB Credit
Applying for a loan with JNB Credit is fast, secure, and straightforward. Follow these 3 simple steps to complete your application and receive your funds safely, as fast as on the same day.
Step 1. Apply
Submit your application via Singpass MyInfo.
Step 2. Verify
Come in person for a final face-to-face verification.
Step 3. Receive
Get your funds disbursed directly into your account.
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by our Customers
As a leading licensed moneylender in Singapore, we are committed to providing reliable financial assistance. Our excellence is reflected in our customers' positive reviews. Read on to discover why they trust us.
Debt Consolidation Plan FAQs
First off, you should know what debt consolidation is about. Debt consolidation is when you have multiple individual loans and want to pay them off by using a new loan. Debt consolidation covers anything from credit cards to car loans, student debt or other personal loans. There is an obvious advantage in doing so: instead of handling multiple debts, you only have to cover one.
A debt consolidation plan is a refinancing plan, so it should count in the total amount of money you owe, including the interest rate. This should be manageable and provide complete cover of your debts.
There are several types of consolidation plans, depending on the sum you need, your assets, your credit score, the type of interest you are about to pay and other such elements.
But the plan works basically the same: you roll the older debts into a new one. In most cases, this helps you reduce the interest you are paying.
Paying off the loans can be done either by transfer or credit card. Some companies even offer balance transfer credit cards.
Besides the feeling of relief that you will probably experience once you eliminate the burden of multiple loans, there are practical matters that you should consider. If each loan is associated with a different due date and a different card, you would make it easier to streamline payments and your life would be easier. Managing one bill per week/month is a nice way to reduce stress and worries.
A lower interest rate and lower payments are also good reasons to apply for a debt consolidation plan. Consider the fact that many creditors are willing to cooperate with you in the process, since that would increase their chances of getting their money back.
Applying for a debt consolidation loan is not a minor decision. First, you should check if your earnings are sufficient and stable enough to ask for this type of loan. If you are planning for a long term loan, then the interest rate might increase, so don’t forget to look into it.
If you plan on applying for other loans in the near future, then keep in mind that your credit score could be affected by this financial move. It’s not a deal-breaker, but it doesn’t hurt to make sure.
The market is generous when it comes to loaning money, but you should compare offers, for the best deal. Also, don’t skip the details in the eligibility criteria.
To qualify for a debt consolidation plan with JNB Credit, you’ll need to have:
- Be a Singapore Citizen, Permanent Resident or Foreigner with a valid work permit / employment pass
- Be at least 21 years old
- Be employed / self-employed
We aim to make things easier for you, so you are only required to prove your identity and income.
All you need is your NRIC or passport, and a CPF or bank statement that shows that you have a regular income.
For foreigners, a valid work permit is necessary, together with a document that proves the residence (a bill on your name for utilities or phone services, or a tenancy agreement) and a payslip or bank statement that proves that you have a regular income.
With us, you are just a few clicks away from getting a debt consolidation plan.
Simply fill up the online loan application form. It will take only 5 minutes.
The result of your loan application, including the maximum loan amount and term, will be provided to you in under an hour.
Visit our location for a final face-to-face verification and get your money instantly.
This is not a stressful situation. You may successfully apply for a personal loan with us even if you have other credit. Our finance specialists are ready to tailor the most advantageous offer for you.
The credit score does not hang the heaviest in the balance. Even if you don’t get a high score, we are here to process your application and help you.
If you decide to pay your personal loan earlier, not only you are not extra-charged, but you will also save some money on outstanding interest.