Settlement information
Current settlement figures are required to understand which commitments may be included.
Consolidation finance
Consolidation considered against the total cost of credit.
Consolidation may place selected qualifying commitments into one repayment. The decision should be based on the settlement amounts, new repayment period and total repayment—not the monthly instalment alone.
Consolidation finance
One payment does not automatically mean lower overall cost.
Extending the repayment period can reduce the monthly amount while increasing the total paid over time. Applicants should compare settlement balances, annual rates, remaining terms and the proposed consolidated repayment before proceeding.
Speak with the VUKA teamTotal-cost comparison
Compare the remaining cost of existing commitments with the proposed consolidated agreement.
Budget discipline
A consolidation strategy is strongest when it is accompanied by a sustainable monthly budget.
Application preparation
Prepare for a consolidation review
Accurate credit information allows the proposed structure to be evaluated properly.
- Current settlement letters or account statements
- A complete list of monthly credit commitments
- Verified income and bank statements
- Confirmation of any debt-review or restructuring status
VUKA finance guidance
Make the decision from complete information.
Applications are assessed individually. The approved amount, repayment period and final credit terms depend on affordability, verification and the completed assessment.
R10,000Configured minimum application amount
6 monthsConfigured minimum repayment period
6% p.a.Current website planning rate
Every application is assessed on its own verified information.
The approved amount, term and repayment schedule are communicated after the assessment and before customer acceptance.