Debt Consolidation Loan

Flexible tenures. Low interest rates. Stress-free budgeting

What Is A Debt Consolidation Loan?

A debt consolidation loan is a type of personal loan that combines all your existing loans into a single one. As such, instead of paying multiple instalments, each of them with interest, at different dates, you will be making a single monthly payment.

The main advantage of debt consolidation is organizing your budget more affordably. This is because the post-consolidation interest is much lower than the aggregated interest rates of all your previous loans. GS Credit will also help you by restructuring your repayment schedule through convenient instalments, according to your financial needs. That way, you can always make timely repayments while having enough saved up for more pressing needs.

5 Uses Of A Debt Consolidation Loan

Personal loans are unsecured loans with no requirements. Those looking for a quick personal loan can apply with us at GS Credit, and we will get back to you within the hour. Quick approval personal loans are essential if you need to:

Credit card loans

Credit card debt is widespread in Singapore. However, not paying your debt on time leads to a snowballing interest that is difficult to keep up with. This is why we have devised a personalized consolidation loan to solve your credit card debt.

Student loans

Student loans are expensive in Singapore and very difficult to pay back if you have yet to find a job. When you are living on a tight budget with a family to care for, things get more challenging. This is why our debt consolidation loan includes student loans as well as other types of debt.

Renovation loans

Sticking to a budget during renovations is problematic because specialists cannot always foresee all possible issues. Also, most people do on-the-spot changes when remodelling. So, if you have borrowed more money than you can handle for your renovation project, we are able to help with our swift financial assistance.

Multiple personal loans

If you have accumulated debt from payday loans, urgent loans, or bridging loans, we can assist you with a tailored debt consolidation loan. Having multiple loans can be extremely taxing on yourself, and your wallet as well. A debt consolidation loan will help to bring all those loans together so that you will only have to make one monthly repayment.

Joint accounts

If the person you have taken the loan with cannot keep up with his share of instalments, you will see that debt snowball. If you need expert financial advice and a quick loan to tide you through, GS Credit can help with our debt consolidation loan.

3 Simple Steps

To Receive Your Loan Now!

Submit our online application form. It only takes 3 minutes!
Receive your application results from our loan officers within the hour.
Head down to our office premise, sign the loan contract and receive your loan instantly.
Apply Now

What our clients say about us


Candy and JJ have been professional in delivery their service. Have always trusted the company.

Siti Hawa

Siti Hawa


The staffs here are really friendly and very approachable, and also really helpful. I was nervous when i was coming here for the first time but the way the staffs treat their customers and care and concern made me feel at ease. Thank you for your great service!

Shiva Ranjani

Shiva Ranjani


Fast and reliable. Thank you

Nabil Jawahir

Nabil Jawahir


Mr JJ Loi try to solve my financial problem when I’m in need, much appreciated to him and also the company to help me out during my hard times.

Zhi Yuan Tee

Zhi Yuan Tee


Friendly and good service, manager JJ is very informative about the loans and has helped me with my financial needs.

Zhi Lin Lolz

Zhi Lin Lolz


One of the best money lender,,they are professional and fast,,understand customer need and clear explanations given,, thanks candy and jj

Sha Ally

Sha Ally

Frequently Asked Questions

Some common questions about GS Credit

Does a debt consolidation loan combine all my previous outstanding debt, including loans taken from other moneylenders?

Yes! This is what a debt consolidation loan is for. The plan will help to amass all your current outstanding debt across the different financial institutions, into a single plan for easier repayment and lower interest rates. For example, if you have multiple loans with two other financial institutions, we can combine them into a single debt consolidation loan for you. This way, you will only have to make a single repayment each month, at a lower interest rate.

I already have an existing debt consolidation loan. Is it possible to refinance my existing debt consolidation loan?

You will be required to obtain a settlement notice from your existing financial institution before submitting a refinancing application. This refinancing application should indicate your actual outstanding principal and accrued interest till the date of the generated notice. The outstanding principal on the notice will be the loan amount that you will refinance.

Will debt consolidation loans help my credit score? My current credit score is bad.

Once you have applied for your debt consolidation loan, your Credit Bureau Record will be updated to reflect your debt consolidation loan. That being said, it can have a positive impact on your credit score should you make your monthly repayments on time. This will help to improve your credit score over time.

How long does it take to apply for a debt consolidation loan?

As long as you have all your required documents in check, you should be able to receive your loan within the hour.

Who is suitable for a debt consolidation loan? When should one take up a debt consolidation loan?

If you currently have multiple debts across various financial institutions, a debt consolidation loan will be good to help you amass them into a single monthly repayment plan, at a lowered interest rate. This way, it will be easier for you to keep track of your monthly repayments so that you do not have to incur unnecessary late repayment fees.

What documents do I need to prepare for a debt consolidation loan?

For Singaporeans / PRs:
  • • Proof of identity (NRIC, passport)
  • • Proof of income (CPF / bank statements)
For Foreigners:
  • • Work Permit / S Pass / E Pass
  • • Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
  • • Payslips / bank statements

Do you charge any loan upfront fees?

Absolutely not! We do not charge any upfront fees. If there are instances where additional fees are required, they will all be made known to you.

Must I purchase a credit bureau report prior to loan application?

No, you do not have to. Our loan officers can help to purchase the credit bureau report on your behalf when you apply for a loan in our office.

What should I consider before taking up a loan with GS Credit?

Taking up a loan is a form of commitment and requires discipline to ensure that you do not fall behind your monthly repayments and incur additional fees. You should:
    • • Ensure that you are clear of all the details on your loan contract before you sign on it. Once you have signed the contract, you will be legally obliged to fulfil the loan contract that you have entered into with the moneylender.
    • • Evaluate your financial situation to ascertain whether you are able to handle the loan and work out a concise plan on how you will be able to afford the monthly repayments. Understand that late payment fees and interest will be charged should you fail to make timely repayments.
    • • Fully understand the terms & conditions stipulated in the loan contract, especially your repayment schedule, interest rate charged and any additional fees applicable.
  • • Look around for a moneylender that suits your needs best and can afford you a comfortable loan tenure with manageable monthly repayments.

How do I make payment for my loan?

You can make your loan repayments via GIRO, bank transfer, or visit us at our office.


Reach Us Now

Sometimes it’s nice to talk to a real person. Feel free to contact us during Monday to Saturday, 11.00 am – 8.00 pm, we are always here to help.

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