Empowering you to achieve your dreams
Debts Consolidation Loan
Fast Approval
Fixed Installments
Choose the “Fixed Installment” repayment plan where each month’s fixed payment includes both the loan principal and interest. Even if you repay the loan early, there are no penalty fees or charges.
- The repayment amount includes the loan principal + interest.
- Early repayment within the customized loan term (within 60 installments) incurs no penalty interest or fees.
Flexible Repayment
Choose the “Flexible Repayment” plan where customers can decide their monthly repayment amount based on their financial situation. Customers can choose to repay only the monthly interest or any amount greater than the interest. Customers only need to complete the repayment within the customized repayment period, and there are no penalty fees or charges even if the loan is repaid early.
- Empower yourself to decide the monthly repayment amount based on your financial situation (choose to repay only the interest or any amount exceeding the interest)
- Financial freedom in your hands! When your monthly finances are more flexible, choose to repay more. After deducting the payable interest from the repayment amount, the remaining payment will be used to reduce the principal, resulting in lower interest for the next installment. By completing your loan early, you not only finish ahead of time but also save on interest.
- Customize your loan term (within 60 installments) and enjoy penalty-free early repayment. No penalty interest or fees for paying off your loan ahead of schedule.
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Freedom and Flexibility in Your Hands!
Flexibility and Independence
With Credit KO’s online personal loans, customers have the freedom to decide their monthly repayment plan based on their individual financial situation. They can choose the “Fixed Installment” plan, where they only repay the minimum monthly payment (i.e., interest only), or the “Flexible Repayment” plan, where they can repay any amount exceeding the interest.
Flexible Savings
Customers can decide their monthly repayment plan based on their financial situation, choosing to repay only the minimum monthly payment (i.e., interest only) with the “Fixed Installment” plan or any amount exceeding the interest with the “Flexible Repayment” plan. Our flexible repayment options allow customers to save on interest expenses and reduce the cost of their loan.
Flexible Repayment Term
Financial institutions typically calculate the total interest based on the loan amount and the “Monthly Flat Rate” when approving loans. After agreeing on the interest, repayment period, and amount with the bank, equal installments are made each month. Personal loans serve various purposes, such as home renovations, children’s education expenses, and debt consolidation. You can compare personal loans based on their purposes on our loan comparison page. Regardless of the reason for borrowing, timely repayment of each installment is crucial to avoid penalty interest. In Hong Kong, the repayment term for personal loans typically ranges from a minimum of 3 months to a maximum of 60 months.
Whenever you need it
We've got you covered!
Maximum
(Up to 21x of your monthly salary, based on the lower amount )
Annual rate
APR as low as 3.36%
Cash Express
Qucik cash within 24 hours
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CASE
Boss of A Trading Company
Mr. Lo is the owner of a trading company that has been greatly affected by the outbreak of the pandemic. Every month, not only has his business suffered a significant decline in revenue, but he also has to deal with substantial expenses such as employee salaries, rental fees for the premises, and other utilities. His company is facing a severe cash flow problem, and Mr. Lo himself is struggling with limited available funds, making it extremely challenging to sustain the operations.
Mr. Lo turned to Credit KO and applied for a large balance transfer loan in the name of his company. The loan process was simple, without the need for collateral, and there were no complicated approval procedures. Within a maximum of 24 hours, Credit KO approved a loan amount of up to 1 million. This successfully resolved Mr. Lo’s financial issues. With this substantial loan, his trading company could continue its operations until the situation improved, and his employees were spared from the threat of unemployment.
FAQs
What is Debts Consolidation Loan?
A large balance transfer loan consolidates the debts owed to banks and financial institutions, allowing the debtor to handle all the outstanding debts in one place. It provides a new loan for balance transfers, enabling the debtor to achieve a substantial debt settlement. With only a fixed monthly repayment, it immediately alleviates the pressure of paying off multiple debts and interests, making it easier to clear credit card debts.
Who is suitable for a Debts Consolidation Loan?
Debts Consolidation Loan is suitable for individuals burdened with multiple debts or those who can only afford to make minimum monthly payments on their significant credit card debts. By consolidating the debtor’s multiple debts owed to banks and financial institutions and centralizing the repayment process, it allows the debtor to restructure and establish a repayment plan, enabling them to clear a substantial number of credit card debts and alleviate financial pressure and burdens.
