Consilidating loans

Posted by / 29-Jun-2020 08:58

Consilidating loans

Once off initiation fee (capitalized) R 1197, Monthly admin fee R69.00 post 1% VAT increase.Representative APR 15% , Representative insurance rate 5.4%.If you’d like to streamline your finances, a Consolidation Loan may just be the perfect financial fit for you.It is designed to simplify your finances, instead of several creditors to manage you’ll have just one.

Interest rates are fixed making it easier to budget too.In fact, most South Africans who have consolidated their accounts with Direct Axis, you’ll be pleased to know, increase their cash flow by an average of R1 900 every month!Why should I use Direct Axis to consolidate my accounts?Debt settlement may sound attractive, but it’s costly, can destroy your credit and take years to work, so approach it with extreme caution.What’s real: If your credit is strong, you may receive an interest rate on a debt consolidation loan that’s lower than the rate on your existing debts.

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Customers reduce their monthly repayments by an average of R1 900. After we have your permission, we’ll request settlement on your behalf and let you know how much your accounts will be settled for.

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