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Lower expenses for the maintenance of several loans
Monthly instalments can be lowered by extending the repayment period
Possibility to obtain additional funding
By consolidating several loans into one, you save costs on loan management. Moreover, you can get more money and lower the monthly instalment, or extend the repayment period.
You repay predetermined regular instalments. You always know how much you pay for the loan – you will never be taken by surprise by interest rate changes.