If you’re juggling a lot of debt, it can feel like too much to handle. A personal loan of up to R250 000 from VodaLend could help make things easier by allowing you to combine your debts into one monthly payment. 

Here’s how to use a VodaLend personal loan to simplify your financial obligations. If you already believe this is the right solution for you, apply here; otherwise, read further:  

What is debt consolidation? 

Debt consolidation means taking all your different debts and turning them into one loan. This can help you save money by lowering your monthly instalment. 

This approach makes your monthly repayments easier to manage and could save you money in the long run. A Vodalend personal loan will settle your other loans and consolidate them into one, easy-to-manage instalment. 

How to assess your debts 

Start by listing all your debts, including credit card balances and personal loans. Record their interest rates and the total amounts you owe. This will help you determine the size of the personal loan you need from VodaLend and give you an idea of your new instalment and savings. 

Explore VodaLend’s offerings 

VodaLend offers personal loans you can use to consolidate your debts. They work with a registered credit provider to help you find a loan that fits your budget. 

When you're ready, apply for your personal loan from VodaLend. Ensure you have the necessary documents, including proof of income and identification. A good credit profile will improve your chances of approval and help secure the loan you need.   

Paying off existing debts 

Once you're approved, your VodaLend personal loan will settle your outstanding debts. If there’s any money left over, it will be sent to your nominated bank account.  

Drawing up a repayment plan 

Set up a budget that includes your new loan payments. Make paying off this loan a top priority so you don’t end up in debt again 

Remember that using a personal loan of up to R250 000 from VodaLend to consolidate your debts can help you take control of your money and work toward a more stable, debt-free future. Apply here.