Choose our trusted debt consolidation and management consultants in Malaysia to help you regain control over your finances. With extensive experience and in-depth knowledge, our experts will guide you step by step through the process, offering practical solutions tailored to your needs.
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Lower Interest Rate : Debt consolidation allows you to combine high-interest debts into a single loan, reducing the overall interest rate and lowering monthly payments. This simplifies your debt and enhances overall management.
Streamlined Loan Process : By consolidating multiple debts into one, we simplify your payments, making budgeting easier and minimizing the risk of missed payments. This process enhances convenience and provides clarity.
How Debt Consolidation Works
Person A is looking to simplify their financial commitments and reduce their monthly debt repayments. Currently, they are paying a total of MYR 4,200 per month for various debts. Below is a breakdown of their current liabilities:
After consulting with our debt consolidation advisor, Person B is advised to consolidate their debts into a single loan of RM 140,000 at 3.5% p.a for 12 years. This consolidation will significantly simplify their payments and lower their monthly repayments.
Debt Consolidation Outcome:
By combining all debts into one loan, Person B will only have to pay RM 1,580 per month—a significant reduction compared to the original total of RM 4,200. This represents a major saving of RM 2,620 per month, which will ease financial strain and simplify monthly budgeting.
Malaysia