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Using a Loan to Consolidate Your Credit

A consolidation loan can be used to simplify your finances and increase cashflow. By wanting to settle your credit, you could use the loan to repay all your credit in a single monthly payment at a fixed interest rate. Because you’re taking the loan over a relatively longer term, your monthly repayment could be lower. South Africans who consolidate their accounts with DirectAxis increase their cashflow by an average of R1 900 every month!

debt consolidation infographic
  • DirectAxis
    Stats

  • 24%

    Consolidation

    of customers use loans for consolidation

  • 24%

    Renovations

    of customers use loans for renovations

  • 12%

    Education

    of customers use loans for education