Glossary
Debt Consolidation
Debt consolidation means taking one loan to pay off several existing debts, leaving a single instalment. It can simplify repayment and sometimes lowers the overall cost. It can also lengthen the time you stay in debt, and using a secured loan puts an asset at risk. Compare the APR of the new loan wi
Related terms: Refinance, Top-up Loan, EMI (Equated Monthly Instalment).
Published 12 Nov 2026
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