Combine store accounts, credit cards and loans into a single cheaper instalment. Compare NCR-registered consolidation lenders for free.
A debt consolidation loan combines multiple debts into one instalment at one rate — typically R10,000 to R250,000 over 12–72 months. Because personal-loan rates (±22–28% p.a.) beat store cards and short-term products, most borrowers cut their total monthly payment significantly while simplifying their finances.
Say you currently juggle four debts:
| Debt | Balance | Monthly payment |
|---|---|---|
| Store account 1 | R8,000 | R950 |
| Store account 2 | R6,500 | R780 |
| Credit card | R15,000 | R1,350 |
| Payday loan | R5,000 | R1,900 |
| Total | R34,500 | R4,980 |
A R35,000 consolidation loan over 48 months at ±27% p.a. costs roughly R1,280/month — freeing up ±R3,700 of monthly cash flow. You'll pay interest for longer, so the smart move is to choose the shortest term you can afford, or keep paying the old R4,980 and settle years early with no penalty (the NCA lets you settle small credit agreements early without penalty).
The product most consolidation loans are built on — compare rates and terms.
Read more →Understand exactly which fees you're eliminating when you consolidate.
Read more →2 minutes · R0 cost · Offers from SA's top NCR-registered lenders
Get My Loan Offers →