Apply with
Powered by
A debt consolidation loan is an unsecured debt that you take out for the purpose of repaying your outstanding debts. The licensed money lender offers a single, collateral-free loan ideally designed to help you manage multiple debts. This has a much lower interest rate than what you were paying on your individual debts. Your monthly repayments can be reduced as a result, which would lead to easy debt repayment management.
We offer debt consolidation loans for people who have been rejected by banks due to their credit score or have maxed out their bank credit limits, but still need financial breathing room, as all of us do. Our debt consolidation loan offers a much faster path than the bank process, combining multiple debts into one loan with faster approval and more flexible requirements than traditional banks require.
Log in via SingPass, and your application will be automatically populated with data retrieved from multiple government agencies. It’s that easy!
Receive your application results via SMS in the next 8 minutes.
Head to our outlet for a face-to-face verification and collect your money.
A debt consolidation loan only works if the lender behind it can move fast, keep costs predictable, and structure the loan around your specific debt situation.
A credit card at 26% APR, a personal loan at 18%, an overdraft ticking at its own rate. Every day these run separately is a day you’re paying compounding interest to multiple creditors. The faster your debt consolidation loan gets approved, the faster those separate balances merge into one, and the interest math shrinks with them. Crawfort’s assessment returns your result via SMS within 8 minutes of submitting.
Three creditors often mean three different interest rates, three different calculation methods, and no clear picture of what your debt is actually costing you each month. A debt consolidation loan through Crawfort folds those into a single rate, regulated under Singapore’s Moneylenders Act (capped at 4% per month, with late fees limited to S$60). You can finally put a hard number on your monthly cost and track real progress against the principal.
Keeping track of a credit card payment on the 7th, a personal loan instalment on the 15th, and an overdraft review on the 22nd is where most borrowers slip up. One missed date triggers a late fee that eats into your repayment progress. Your debt consolidation loan collapses all of those into a single monthly, fortnightly, or weekly payment through any AXS or SAM machine island-wide.
Here’s what you gain from consolidating your debts:
Credit card balances, personal loans, credit lines, wedding loans, overdraft facilities, microloans, these can all be rolled into a single consolidation loan. Each carries its own interest rate, payment date, and terms, which makes tracking them a nightmare when they pile up. Bundling them into one loan replaces that mess with a single monthly obligation at a fixed rate. You stop juggling six different creditors and start managing one straightforward repayment schedule instead.
High-interest credit cards and personal loans eat away at your finances. Consolidation provides access to lower interest rates, especially when you work with a licensed money lender offering competitive terms. Lower rates mean more of your payment goes towards the principal balance, not interest charges. You’ll pay off what you actually owe rather than feeding endless interest cycles.
Missed payments destroy credit scores quickly. When you’re managing several debts, it’s easy to overlook a due date or pay late. Consolidation prevents this problem by giving you one clear payment to make each month. Consistent, on-time payments rebuild your credit profile over time. Pay off your consolidation loan responsibly, and your score will reflect that discipline.
Credit card debt with high interest rates traps you in a cycle where minimum payments barely touch the principal. A debt consolidation loan breaks this pattern with fixed repayment periods and lower interest rates. You’ll see real progress each month as your balance decreases predictably. Fixed terms mean you know exactly when you’ll be debt-free, with no more endless cycles.
Consolidating gives you clear visibility into your debt. One loan means one balance to track, one interest rate to monitor, and one repayment schedule to follow. You can plan your monthly budget around a single, predictable payment. This makes it simpler to allocate funds for other goals like emergency savings or investments.
Multiple high-interest debts demand steep minimum payments that squeeze your cash flow. Debt consolidation reduces your total monthly obligation by spreading repayment over a longer term with better rates. This frees up money for daily expenses, unexpected costs, or building financial reserves.
One loan type doesn’t solve every problem. Here are other loans we offer:
A debt consolidation loan tends to make sense in a few situations:
You have multiple debts: if repaying several loans and bills each month has become hard to manage, combining them into one payment steadies your finances. On approval, the lender releases the funds to settle the balances you owe your creditors.
You have high-interest debts: when the minimum barely covers the interest and the principal hardly moves, high rates keep you stuck. Folding those balances into a lower-rate loan can save money over time and shorten the road out.
You want out of the debt cycle: if you have a plan to break the cycle, a single repayment at a lower rate gives it an anchor and helps you clear what you owe faster.
Ready to take up a personal loan? Create a wiser decision, learn more about personal loan options
Taking a personal loan in Singapore can help you to achieve your goals. It is also an ideal solution for your immediate need for cash. But, if this is your first time to take a personal loan, it is essential to get guided.
For most of the past decade, the advice handed to first-time buyers ran one way. Take the HDB loan, lock in 2.6%, sleep easy. Then 2026 happened. Bank packages have slipped under that 2.6% mark, some landing closer to 1.5%, and the old default no longer holds without question.
Your credit card limit is only one piece of the puzzle. Here’s what controls your total unsecured borrowing power in Singapore, how MAS caps it,
Before you fill in any form, you need a way to separate the genuine licensees from the fakes, plus a clear picture of what a legal lending process involves end-to-end. This guide walks you through both, alongside what borrowers in four busy parts of Singapore should expect.
