Debt Consolidation Plan

Our debt consolidation plan allows you to combine all your existing debts across various financial institutions into one manageable loan.

You’ll be committed to a fixed monthly repayment throughout your loan term. This arrangement offers you a lower interest rate and extends your repayment period, making it easier to manage your finances.

If you’re finding it challenging to keep up with the payments of your multiple high-interest credit card debts, our debt consolidation plan could benefit you.

It enables you to merge all your credit card debts into one with a significantly lower interest rate, which could result in considerable savings. This consolidation simplifies your payments, eliminating the need to manage multiple debts simultaneously.

Absolutely. 1AP Capital’s debt consolidation plan is designed to consolidate all your current debts from various financial institutions into a more manageable plan.

For example, if you have outstanding loans from three different institutions, we can incorporate them into one unified debt consolidation plan. This means you’ll only have to worry about one fixed monthly repayment at a lower interest rate.

Applying for our debt consolidation plan will update your record with the Credit Bureau, indicating your participation.

This could positively affect your credit score, provided you consistently meet your monthly repayment obligations. On-time payments demonstrate financial responsibility, which can improve your credit standing over time.

When you sign up for a debt consolidation plan with 1AP Capital, you can enjoy numerous benefits designed to simplify your financial life and improve your financial health. Here are 8 key advantages:

1. Minimised Penalties For Late Payments
Accumulating penalties due to missed payments on multiple loans can be financially draining. By consolidating your debts into one loan with us, you significantly reduce the risk of missing payments, thereby avoiding additional penalties and fees.

2. Simplified Payment Process
Consolidating debts into a single plan with 1AP Capital alleviates the hassle of tracking multiple payment dates, amounts, and interest rates. This simplification allows for better financial planning and ensures consistent on-time payments.

3. Enhanced Credit Score
Missed or late debt payments may have negatively impacted your credit score. Consolidating your debts and adhering to a consistent payment schedule can help rehabilitate your credit rating over time, improving your credit score.

4. Unified Interest Rate
Juggling multiple loans means dealing with various interest rates, increasing overall costs. Our debt consolidation plan offers a single, fixed, lower interest rate, making it more cost-effective and easier to manage your finances.

5. Reduced Administrative Costs
Opting for our debt consolidation plan eliminates the administrative fees of managing multiple loans. Furthermore, 1AP Capital typically does not impose additional processing fees for consolidating your debts, leading to further savings.

6. Flexible Repayment Periods
Our debt consolidation loans come with flexible repayment terms, extending up to 36 months, depending on individual circumstances. This flexibility ensures you can select a repayment schedule that fits your budget, allowing for stress-free repayment of your consolidated debt.

7. Multiple Payment Options
1AP Capital offers various convenient methods for making your debt consolidation plan payments, including:

• Monthly GIRO deductions
• Cheque payments
• Bank transfers (via ATM or internet banking)

This variety ensures you can choose the payment method that best suits your lifestyle, making it easier to keep up with your repayment plan.

8. Easy Application And Fast Approval
Applying for a debt consolidation plan with 1AP Capital is straightforward and requires minimal documentation. This ease of application and quick approval process means you can reorganise your debts and start on a more straightforward financial path without delay.

Our debt consolidation loans come with 12 to 36 months of repayment. This timeframe provides our clients with a manageable schedule to reduce their debt without the pressure of a short repayment window.

At 1AP Capital, we understand that financial challenges can arise unexpectedly. If you find yourself struggling to meet the repayments on your consolidated loan, it’s crucial to reach out to us promptly. By communicating with us early on, we can explore potential solutions together and work towards finding a resolution that best suits your circumstances.

Absolutely. At 1AP Capital, we support financial flexibility, including early loan repayment options without any penalties.

Should you find yourself in a position to settle your debt ahead of schedule, we will waive the remaining interest, allowing you to become debt-free sooner and without extra costs.

No, you don’t need collateral. Our debt consolidation loans are unsecured and designed to streamline your finances by consolidating multiple loans from different lenders into one manageable repayment plan.

At 1AP Capital, we offer personalised consultations with our seasoned loan consultants. They’ll assess your debt profile and tailor a debt management plan to suit your needs, ensuring you’re on track for eligibility.

Once the loan contract is signed on the spot, 1AP Capital makes it a priority to provide you with the funds immediately. This prompt disbursement ensures you can start managing your consolidated debts without delay, aiding your financial planning and stress reduction.

At 1AP Capital, we’re dedicated to assisting all our borrowers in improving their financial health, irrespective of their credit history.

At 1AP Capital, we believe in financial inclusivity and strive to accommodate a diverse range of borrowers. Here’s what you need to know about eligibility:

Open to all
We welcome applications from Singaporeans, Singapore PRs and foreigners with a valid work permit, as long as you are employed, self-employed, or have other forms of income.

Age requirement
The primary criterion is age. You need to be at least 21 years old to be eligible for a loan with us.

Our goal is to tailor the best possible loan plan for each individual, ensuring that it aligns with your financial situation and needs.

For Singaporeans / Singapore PRs:

• Proof of identity (NRIC, passport)
• Proof of income (CPF / bank statements)

For Foreigners:

• Work Permit / S Pass / E Pass
• Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
• Payslips / bank statements

1AP Capital’s loan application process is designed for speed and efficiency. Here’s how it works:

1. Submit application form: Completing our application form is quick and straightforward, taking just about 5 minutes. You also have the option to apply using Singpass for added convenience.
2. Get application result: After submitting your application, you can expect to receive an in-principal approval within just 25 minutes.
3. Collect your money: Once approved, the final step is to sign the loan contract face-to-face. After this, you’ll receive your money immediately, on the spot.

This streamlined process ensures that from application to disbursement, your experience is swift and hassle-free.

The amount you can borrow is influenced by your income, credit history, and existing financial obligations. We aim to provide the amount you need while ensuring your repayments are manageable.

Our personal loan calculator can help you understand your borrowing capacity and repayment scenarios.

Absolutely, you can! At 1AP Capital, we believe in giving everyone a fair chance, regardless of their credit history. Unlike traditional banks that may reject applications based on credit scores, we welcome all applicants.

Our approach is to assess each application on an individual basis. Our professional loan officers are dedicated to understanding your unique financial situation. If we determine that the loan is manageable within your current financial means, we are more than willing to extend our lending services to you.

At 1AP Capital, we encourage financial prudence and reward it by imposing no penalties for early loan repayments. Should you choose to settle your loan before the agreed-upon date, no additional fees will be charged, and any outstanding interest will be waived, aligning with our commitment to support your financial well-being.

Privacy is paramount at 1AP Capital. All loan agreements and communications are conducted digitally to ensure confidentiality. Physical copies of documents are provided only upon request, ensuring that your personal information remains secure with us.