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Will combining my loans affect my repayments?

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Written by Roshni Ruth Jesudoss
Updated today

Yes. When you combine your loans:

  • Your current loan(s) are repaid, and your new loan principal will comprise the remaining balance of your those loan(s), plus any new amount you choose to borrow.

  • You will have one monthly repayment instead of multiple scheduled repayments.

  • Your repayments become more manageable because your loan term is extended. Don’t worry! You’ll still have the freedom to repay your loan early without any early repayment fees.

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