PAO DEBT MANAGEMENT ACCOUNTING LIMITED
平安債務管理會計事務所
Clearance Loan
01
What is a debt repayment loan and what are its benefits?
A debt consolidation loan is a loan used to consolidate multiple debts and simplify the repayment process through a lower interest rate. The benefits include lowering total interest payments, reducing monthly repayment pressure, and simplifying financial management, making it easier for you to control your financial situation.
02
Can I use a balance loan to pay off my credit card debt?
Yes, a balance loan is often used to pay off high-interest credit card debt. Not only can this reduce your monthly payments, it can also lower your overall interest payments, helping you pay off your debt faster.
03
How long is the repayment period for a clearing loan?
The repayment period of a clean loan is usually between 3 and 10 years, depending on the loan amount and your repayment ability. Although the monthly repayment is lower for a long term, the total interest payment may increase.
