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What does “Combine my loans” mean?

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Written by Roshni Ruth Jesudoss
Updated today

‘Combine my loans’ allows you to repay your existing Harmoney loans by taking out 1 new loan. Your new loan principal will comprise the remaining balance of your current loan(s) plus any new amount you choose to borrow, all combined into a single, ongoing monthly repayment.

When you combine your loans, the term of your new loan may be longer than your existing loans to help reduce your monthly repayment amount, but don’t worry, you’ll still have the freedom to repay your loan early without any early repayment fees.

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