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Using a Loan to Consolidate Your Debt

A consolidation loan can be used to simplify your finances and increase cashflow. By settling your other debts you could use the loan to repay your debt 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
  • Direct Axis
    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