Why Choose Unum Credit Home Loans
Unum Credit Home Loan isn’t just another loan – it’s a personalised plan to get you out of the debt spiral. Here are the key benefits that make this program stand out:
One Lower, Manageable Payment
Combine all those credit cards, personal loans, and store accounts into one simple monthly payment that’s often much lower than what you pay now in total. No more keeping track of numerous due dates and balances – just one payment at a lower interest rate, since it’s secured by your home’s equity (home loans typically carry far lower interest rates than credit cards or unsecured loans). This reduces stress and saves you money each month.
12 Months Interest-Only Loan
For 12 months, you pay only the interest on your consolidated debt – no principal. This interest-only 12-month period dramatically shrinks your required payments, giving you breathing room in your budget when you need it most. By improving your cash flow during this period, you can get back on your feet financially.
Lower Interest Rate = Big Savings
Because the consolidation is backed by your property, the interest rate is much lower than typical credit card or personal loan rates. Many South Africans’ credit cards charge anywhere from 25%-30% interest (some personal loans even higher), by swapping out high-interest debt for a lower-interest home-equity loan, you’ll save thousands in interest costs over time and get out of debt faster.
Built for Poor Credit & Debt Review Situations
Was your loan or refinance application refused due to a low credit score or because you’re under debt review? Unum Credit Home Loan welcomes you when traditional lenders won’t. We focus on your property’s value and your determination to turn things around – not just a credit score. Even if you’re currently in debt review or have a tarnished credit record, we can likely assist where others turn you away. In fact, by consolidating and making one affordable payment, many clients improve their credit over the 12-month program, opening doors to better rates in the future and potentially helping them exit debt review entirely.
Use Your Home’s Equity Without Losing It
This is not a sale or a gimmick – your home remains yours. We simply help you unlock a portion of your home’s value to work for you. Unlike some schemes out there, Unum Credit Home Loan never takes ownership of your property – it merely places a loan registers a loan against your home while you remain the owner in full. As long as you make your payments, your home is safe and secure. You’re leveraging your house as an asset to get out of debt, but you’re not risking the roof over your head any more than a normal mortgage would. We also make sure the new payment plan is affordable for you before proceeding.
Stay in Control with Supportive Guidance
We know consolidating debt can feel like a big step. Our team will walk you through every detail in a friendly, understanding manner. We handle negotiations with your creditors, all the paperwork, and guide you from start to finish, so you can focus on rebuilding your financial health. Throughout the process, you’ll have access to updates and support – you’re never alone on this journey. It’s like having a financial coach by your side. And if life throws you a curveball, we’re just a phone call away to help you stay on track.
Bottom line:
Unum Credit Home Loan gives you a fresh start by turning your home equity into a powerful debt-fighting tool. You get immediate relief (lower payments, lower stress), an affordable repayment plan, and a partner that looks beyond your credit history to see your home’s potential and your commitment to change.