Will you be needing a debt consolidation loan shortly and want to know how much it will cost you?
We have examined how much clients typically pay for a debt consolidation loan and gathered other necessary information to help you make the best possible decision.
Debt consolidation loan (R50.000)
The interest rate on the consolidation loan will be determined in part by your credit score and can be up to a maximum of the repo rate plus 21%. You may also be able to use a secured loan, such as that against property, to consolidate debt. On average, expect to be charged between R3500 and R10,500 for a debt consolidation loan.
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