Multiple credit cards, overdue bills, and high interest rates? We get it — juggling several debts can feel overwhelming. With a Debt Consolidation Loan, you can simplify everything into one monthly repayment at a lower rate.
At Lendify, we help you match with licensed lenders offering responsible, transparent debt consolidation options — so you can regain control and breathe easier.
A debt consolidation loan lets you combine multiple unsecured debts — like credit cards, personal loans, or lines of credit — into a single loan with one interest rate and one monthly repayment.
Debt consolidation is suitable if:
You have multiple loans with high monthly repayments
You’re struggling to track and manage due dates
You’re paying high interest rates on short-term credit
You want to avoid late fees and improve your credit standing
You’re ready to commit to a structured repayment plan
Lendify Tip: The earlier you consolidate, the more you can save on interest — and the easier it becomes to stay on top of your payments.
To qualify for a debt consolidation loan in Singapore, most lenders will ask for:
To qualify for a debt consolidation loan in Singapore, most lenders will ask for:
Don’t worry — Lendify’s system filters and matches based on your actual eligibility, so you’re not wasting time.
Lendify ensures you’re shown only licensed options with fair terms and no misleading traps.
| Benefit | What It Means |
|---|---|
| Lower Overall Interest | Replacing multiple high-interest loans with one lower-rate loan |
| One Monthly Payment | Easier tracking, less stress |
| Fixed Repayment Schedule | Know exactly when you’ll be debt-free |
| Credit Score Recovery | Pay off high-interest debt, reduce risk of defaults |
We’ve helped thousands of Singaporeans take back control of their finances — now it’s your turn.
You have multiple loans with high monthly repayments
No surprise costs or shady conditions
Every partner is vetted and legally approved
We don’t push products — we help you choose better
While you can apply with banks or licensed moneylenders individually, using Lendify allows you to compare a wide range of personal loan options all in one place—saving you time and helping you secure the most competitive offer.
1. Apply on Our Website
2. Verify Your Details with Our Loan Specialist
3. Case Gets Listed on Marketplace
4. Lenders Reach Out on Offers
5. Accept Offer and Get Funded
A debt consolidation loan combines multiple debts — such as credit card balances, personal loans, and other unsecured debts — into one loan with a single monthly repayment. This helps reduce interest costs and makes repayment easier to manage.
Typically, you must be a Singapore citizen or PR, aged 21 to 65, with a stable income. Some lenders may require your total unsecured debt to exceed 12 times your monthly income. Eligibility criteria may vary between financial institutions.
Most unsecured debts can be consolidated, including credit card balances, personal loans, and revolving lines of credit. Secured loans like mortgages or car loans are not eligible for debt consolidation.
Initially, applying for a loan may cause a small dip in your credit score. However, if you make consistent repayments on time, your score may improve over time as your debt becomes more manageable.
Easily compare offers from licensed lenders and reputable financial institutions in Singapore — all in one place.
