Can I refinance or consolidate my debts with Revolut?
You can take up Revolut personal loan to pay out other debts.
Refinancing or debt consolidation has the potential to help you manage multiple debt repayments more effectively by combining existing multiple debts into one loan. This could be of more benefit to you.
For instance, if you currently have a high-interest personal loan with monthly fees, various outstanding buy now, pay later balances, or credit card debts with significant annual fees, you could use debt consolidation to reduce your total monthly payment commitments.
This could result in improved cash flow by consolidating these debts into a single loan with a new interest rate and a unified repayment plan, all while eliminating ongoing monthly fees.