Finding it difficult to find lenders who would lend Debt consolidation? Then you are not the only victim. In fact, many novice customers and financially ignorant borrowers find it difficult to get Debt consolidation loans in various parts of the world. There is great demand for these loans as this relieves you from several small debts and lets you fix to a single big loan. You can plan your payments for a single date and you will be out of big headache. This is why many businesses and individuals try to consolidate their loans and make themselves debt- free soon.
Importance of a Debt Consolidation Loan:
The great significance that it has got can be attributed to its single payment on a single date that too with less interest rate. This enables you to spend less on loan repayments and thereby saves you some money. See that you choose a good consolidation loan which assures you of less interest and which eases your financial burden by allowing more cash in hand. Some of the most reliable financial institutions in South Africa which offer you the best Consolidation loans are:
Paragon – Paragon Lending Solutions offer secured loans against industrial, residential or commercial properties as collateral. They offer short-term loans and are a private non-bank lender. The specialized loans that they offer have a reasonable interest rate and are to be paid at the end of every month. The loans are usually short-term and last for 2-3 years. Since you submit any of your private property as collateral, they will be forfeited in case of your failure of payment for more than a prescribed period of time. Read terms and conditions to know more about their loan.
Blue Oak Systems :
This is the company which uses technology the best and provides a fully automated process. Everything right from application to sanction and repayment of loans is electronic without any paperwork. Customers can check their cost of debt and inquire about any possible chances of savings. Filing papers, filling manual applications and getting required financial details is a frustrating thing that can experience tearing, wetting or folding. With the automated version, it becomes easy to do all the documentation online. The customers, by checking their cost of debt, can answer their questions themselves. They don’t have to give any uncomfortable answers.
Debt rescue is a renowned company in South Africa which is often been approached by various media giants and industry experts for interviews and updated financial news. The country which boasts of extensive experience in the finance field also lets customers in checking various offers that they provide and helps in choosing the best. Their customer service is proved to be excellent and you cannot worry about it. Any clarification regarding the loan, interest rate or the tenure of the loan can be verified to avoid any last minute confusions. Since all the procedure is digitalized they also assist customers who are not so exposed to technology.