We provide unsecured debt consolidation plans with extended loan tenures, offering a flexible and effective solution to manage multiple debts efficiently.
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Katong Credit Debt Consolidation Plan
Struggling to manage multiple debts and keep track of your monthly repayments? A debt consolidation plan is the solution you need.
This form of debt refinancing simplifies your finances by merging credit card debts and personal loans from different financial institutions into a single fixed monthly repayment.
By consolidating your debts, you:
Avoid falling further behind and paying more than necessary. Katong Credit is here to help you get started on a debt consolidation plan today.
Katong Credit makes getting a loan simple and flexible, offering a range of exclusive benefits.
Fast approval with minimal paperwork for a hassle-free process.
Get lower rates and higher limits for better financial flexibility.
Choose a repayment plan that suits your financial needs.
Timely repayments can help strengthen your credit history.
Access funds easily with a seamless borrowing experience.
We ensure that none of your personal information is disclosed.
Here are some common questions about our debt consolidation plan and their answers.
A debt consolidation plan allows you to combine multiple debts from various financial institutions into a single loan, making repayment more manageable.
With this plan, you will:
By consolidating your debts, you simplify your finances and gain better control over your repayment schedule.
A debt consolidation plan can be highly beneficial if you’re struggling to manage multiple high-interest debts, especially credit card balances.
Here’s why you should consider it:
If keeping up with multiple debts is overwhelming, a debt consolidation plan can provide a structured and more manageable way to regain financial stability.
Yes, our debt consolidation plan allows you to combine all your outstanding debts, including those from other financial institutions and licensed money lenders, into a single repayment plan.
For example, if you have loans with multiple lenders, we can merge them into one structured loan, making it easier to manage your finances.
With this plan, you will:
This approach ensures a more manageable and structured way to clear your debts.
Yes, a debt consolidation plan can positively impact your credit score if managed responsibly.
When you apply for a debt consolidation plan, your Credit Bureau Record will be updated to reflect it. However, by making timely monthly repayments, you can gradually improve your credit score over time.
Consistently repaying your consolidated loan shows financial responsibility, reducing the risk of missed payments and helping to rebuild your creditworthiness.
Signing up for a debt consolidation plan comes with several advantages, including:
By consolidating your debts, you regain financial control, reduce stress, and work towards a more manageable repayment plan.
To qualify for a debt consolidation plan loan, you must meet the following criteria:
Meeting these requirements increases your chances of loan approval with a licensed money lender.
The required documents vary depending on your residency status:
For Singapore Citizens & Permanent Residents:
For Foreigners:
Providing these documents ensures a smooth application process with a licensed money lender.
What is the application process for a debt consolidation plan with Katong Credit?
Applying for a debt consolidation plan with Katong Credit is a fast and hassle-free process:
Step 1: Submit Your Application
Fill out the online application form on Katong Credit’s website with your details.
Step 2: Get a Quick Response
A loan officer from Katong Credit will contact you within an hour to update you on your loan application status.
Step 3: Complete Verification & Receive Your Loan
Visit the Katong Credit branch for face-to-face verification, sign the loan agreement, and receive your approved loan on the spot.
With a simple and efficient process, Katong Credit ensures quick access to financial assistance when you need it.
At Katong Credit, loan disbursement is immediate once you accept and sign the loan agreement at our branch.
This ensures that you get the funds you need on the spot, without unnecessary delays.
Yes, you can still apply for a debt consolidation plan, even if you have a poor credit score.
In fact, a debt consolidation plan can help improve your credit rating if you make timely monthly repayments. By merging multiple debts into one manageable loan, you reduce the risk of missed payments and improve your financial stability.
At Katong Credit, we aim to assist borrowers regardless of their credit scores, with no strict restrictions based on credit history.
No, there is no penalty for repaying your loan early. Since 1 October 2015, licensed money lenders in Singapore are only allowed to charge the following fees:
Borrowers can settle their loans early without incurring additional penalties beyond these regulated charges.
No, Katong Credit does not mail any loan-related documents to your home.
All loan details are securely stored digitally and kept confidential. If you require a physical copy, you may request one directly from us.
Get your personal loan quickly with our streamlined, 3-step process.
Submit your application as fast as 2-min using Singpass.
Receive your loan information in just 8-min.
Visit our office, sign, and collect your cash instantly.
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September 2, 2026 
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