Keep control of your expenses

We’ve all been there. We need to pay for something but we don’t have the cash. So we use credit cards to pay for a holiday or to buy new clothes; or store cards to buy new furniture; and take out loans to pay for home improvements. Having multiple payments to make at the end of every month could become very stressful. You will probably be charged different rates of interest on each debt; and have different amounts due to be paid at different stages of the month. This can be a hassle as it can make your monthly budgeting very difficult. However, you can decide to consolidate all of your loans into a single Consolidation Loan with Baiduri Bank. This is the simpler and smarter way to make sure that all of your bills are paid while you keep control of your budget. Here are the reasons why a Baiduri Consolidation Loan can make your life easier :

1/ Make Budgeting Easier

With a Baiduri Consolidation Loan instead of having to worry about multiple payments and deadlines, you can simply make one payment every month toward your debt. This should make working out and sticking to your monthly budget easier because you will have a clear and precise idea of the amount that will be debited from your account every month and when it will be debited. As well as this, you may even be able to reduce your overall monthly payments if you decide to extend your repayment period.

2/ Reduce stress and worry

Debt is one of the most common factors that is known to create stress. If you are constantly worried about debt, you will not be able to function well in other areas of your life. Taking out a Baiduri Consolidation Loan can allow you to focus on what is important and stop worrying about your debt.

3/ Benefit from a lower interest rate 

Another advantage of taking out a Baiduri Consolidation Loan is that you should be able to secure a lower interest rate which will save you money by reducing your monthly repayment as well as decreasing the amount that you will repay over the life of the loan.

4/ Improve your credit rating

If you are consistently making late payments on your accounts, this could be damaging your credit rating. If you can consolidate your debt into a Baiduri Consolidation Loan and stay on top of the payment, you should be able to rebuild your credit again.

At Baiduri Bank we understand that life can be unpredictable and sometimes all you need is that extra help. A Baiduri Consolidation Loan is fast and convenient and offers flexible payment options with lower interest rates – so that no matter what your needs or goals are we can help you to achieve them. We are just one step away. Simply call us at 226 8324 or 226 8478. Additionally, you could also visit us at any Baiduri Bank branch near you or Baiduri Loan Centre located at Kiarong Complex.


This article was published in the July 2015 issue of Inspire Living Magazine. Download it here!