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Angelina Z.
, Bloemfontein
The service I have received is excellent. Do not hesitate to work with Procompare. I will use them in the future again for sure.
Mpho Z.
, Cape Town
Excellent service. I requested quotes and they replied in record time. I had no troubles selecting one.
Bandile
, Queenstown
I've send in a request for debt consolidation loan and I received immediate feedback. At the end, I found a solution. They deliver what they promise.
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You may not qualify for a debt consolidation loan if you have already defaulted on repayments or had judgments against you. If that is not the case, you still have to meet certain qualifications: they vary slightly from provider to provider, but in general you must be between ages 18 and 60, you must be a citizen of South Africa, your income must be a certain amount (usually at least R2500 per month), and you must be permanently employed at the same employer for a certain amount (usually at least 3 months).
If you have a few loans or credit accounts to pay off, you can make repayment easier by bundling all your debt into a single debt consolidation loan. This reduces your admin fees to one and allows you to restructure your debt. Be mindful that your consolidation loan might have a longer repayment period than your other personal loans.
Debt consolidation loans are typically offered as unsecured loans over terms from 12 to 72 months.
The interest rate applied is based on your affordability and personal credit profile. Your monthly rate may be lower, but note that your consolidation loan might have a longer repayment period than your other personal loans. This could translate into paying more interest when loan terms are extended.
