Question 1

What is a debt consolidation loan?

Accepted Answer

A debt consolidation loan is obtaining a new loan to clear off all outstanding loans and debt, which is then combined into a larger, single debt with favourable payoff terms. Individuals who have borrowed money unwisely from various independent moneylenders companies in Singapore often end up trapped in an endless cycle of borrow-and-pay scenarios. With a debt consolidation loan, they can better focus on servicing a single loan with a fixed tenure.

Question 2

How long is the debt consolidation loan tenure?

Accepted Answer

At Orange Credit, a debt consolidation loan comprises of monthly installments of up to 36 months.

Question 3

How do I know if I am eligible for a debt consolidation loan?

Accepted Answer

Lending requirements for a debt consolidation loan vary between different lenders. You can arrange an appointment with our professional loan consultants to discuss your debt profile and your debt management plan so that you can understand your eligibility.

Question 4

Do I require any collateral to obtain a debt consolidation loan?

Accepted Answer

No. Debt consolidation loan is considered an unsecured loan to pay off any outstanding loans from different lenders.

Question 5

How do I apply for a debt consolidation loan?

Accepted Answer

Contact us at 6748 2320, and our professional loan consultant will guide you through the process.

Locate Us

Company Block

Orange Credit Pte Ltd

Telephone No Block

6748 2320

Email Block

enquiry@orangecredit.com.sg

Bus Services Block

2, 7, 13, 21, 26, 40, 51, 67, 70, 197, 853

MRT

The nearest MRT station to Orange Credit is Paya Lebar MRT (EW8/CC9).

Address Block

810 Geylang Road #01-91 City Plaza
Singapore 409286

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