Find and compare consolidation loans with Friendly Finance. Get to grips with your debt today.
With all the loan consolidation options, available in South Africa today, it can be hard to choose the right lending solution for your needs. Furthermore, you want to make sure you consider the most competitive offers to consolidate your loans to get best terms and interest rates. At Friendly Finance, we make it easy for South African residents to compare consolidation loans and apply for the financial products that will help them pay off their debt quickly and conveniently.
The ease of consolidating loans in South Africa
If you have more than one loan, keeping up with your regular payment for each one can be a chore but is important in keeping a healthy credit score. You must remember to pay each lender, and if you forget or overlook even one payment, late fees and other penalties will start to accrue. When you consolidate loans into one loan with one monthly payments, not only will you save money but you will have less paperwork and administration to keep track of. In consolidating your finances, you will take out only one loan that will repay all your other outstanding debts, leaving you with a single loan to manage.
Loan consolidation is also advantageous for saving you money in the long run. Having several loans means that you are paying several different interest rates. Some of your debts may be charging high interest rates while some may be charging lower rates. In such cases, you may end up with an average interest rate on all your debts that is much higher than it would be if you were to consolidate the money you owe. When you consolidate loans with the help of Friendly Finance, you can potentially lower the average interest rate that you have been paying, which means you will have more money in your pocket over the length of your debt repayment period.
The Friendly Finance advantage
By allowing you to browse the loans for which you meet the requirements, Friendly Finance makes it simple to quickly and conveniently find the lender who can offer you the most generous and affordable terms. You will receive everything you need to know about each loan and you can apply within minutes. Begin your loan search today!