Finance Blog

What are the benefits of opting for debt consolidation plan?

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Bringing all your debts under one roof and making monthly payments to that one institution is called debt consolidation plan. Companies like Maybank offer multiple options when it comes to choosing the best debt consolidation plan for oneself.

A few benefits of consolidating your debt are as follows; Ensures timely payment of debt: Since all the loans from various banks are consolidated at one bank, repayment becomes very easy; One can choose the repayment tenure of loans; Lower interest rates on credits to facilitate faster repayment of loans; Complimentary credit card facility.