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Debt Consolidation Dubai

Debt Consolidation is a process by which an individual or a SME business with multiple credit cards and single or multiple loans facing difficulties in managing credit card and loan payments, can consolidate all into a single loan from a bank. This will eliminate the hassles of monthly multiple payments.

Many banks in UAE provide debt consolidation loans which benefits the clients by

  • Single payment to a bank instead of multiple payments to different banks

  • Saving in interest rates on loan repayment or to say EMI’s

  • Single debt payment consolidated from multiple loans and credit card debts

  • Longer payback period with fixed payment amount

To be eligible for a debt consolidation loan, a high credit score and a strong payment history are required. At Global Debt Advisory, we distinguish ourselves from other debt consolidation companies by offering a free assessment to see if you can benefit from a consolidation loan. Our team is committed to providing professional, straightforward advice tailored to your financial needs.

See the table below (or illustration purpose only) for you to easily understand the benefit of less monthly interest rates and better savings. Table shows that multiple monthly payments of AED 15,471 are consolidated a single payment of AED 9,462 with the debt consolidation loan of same debt amounts.

Current Debts and PaymentsCurrent Balance / Card LimitMonthly Payment
Personal Loan 1AED 125,000AED 4,750
Personal Loan 2AED 90,000AED 2,264
Credit Card 1AED 45,000AED 4,500
Credit Card 2AED 29,000AED 2,900
Auto LoanAED 87,000AED 1,057
TotalAED 376,000AED 15,471
Debt Consolidation LoanAED 376,000AED 9,462