You can escape debt
with debt consolidation
It’s time to break the cycle
and make life easier
Life’s too short to be forever in debt
Especially when you’re young, debt can help you acquire real assets. If you want a business, an education, or rental property, it is likely that you’re going to have to take on some debt. And while these assets may ultimately make you a wealthier individual, that debt can add up quickly.
But we wouldn’t advise you give up on all those thing; after all, you have a life; and you have loved ones to support. That’s why you might want to consider debt consolidation.
Debt consolidation combines all of your loans into a single loan. This not only helps you save on the stress of paying off multiple loans at the same time, but (more importantly) helps you get out of debt faster.
Sounds too good to be true? Remember, this doesn’t erase your debt; it’s just a smarter way of paying off the debt you already have. In order to do that, you need to understand how it helps. Depending on the rate and tenure of the new loan, debt consolidation can result in your paying less each month and/or can reduce your overall repayments in the long-run. Then, you’ll be on your way to debt-free liberation.
For when you need it most
Maybe you don’t have any property just yet to borrow against. Maybe you found a great opportunity to make a big purchase. Whatever the case, an unsecured loan can be just what you need to take care of the task at hand.
- Maximum Amount: J$7.5 million
- Maximum Tenure: 5 years (60 months)
- Reason for borrowing: Any legitimate purpose, specified by the client.
**Unsecured Loans are offered by JMMB Bank (Jamaica) Limited
The nuts and bolts of debt consolidation