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Credit Consolidation Solutions

All your loans in a single monthly payment

Combine all your loans into one. Up to €75,000.

ADVANTAGES

What are the advantages of credit consolidation?

Reduce the total amount of your monthly payments

Simplify your finances by paying a single installment on a single date.

Gain better control of your budget

Possibility to negotiate better terms with the financial institution

What is credit consolidation?

Credit consolidation consists of combining multiple loans into a single one, with one monthly payment, a single interest rate, and a defined term.

FINALIDADE DE CRÉDITO

VALOR A FINANCIAR

PRAZO

MENSALIDADE

0,00€

Prestação mensal indicativa de 0,00€ para um crédito a 0 anos. Não inclui seguros, taxas e despesas eventualmente aplicáveis.

Our team of professionals is available to help you find a credit solution tailored to your profile.

How does it work?

How does the loan consolidation process work?

1 Review your current loans

List all active loans, including personal loans, auto loans, or credit cards;

Review your monthly expense.

2 Get a simulation from Credilink

Compare different loan consolidation options;

Find out if consolidation truly lowers your payments;

Choose the best option.

Essential concepts

Understand the key terms affecting your consolidated credit.

TAN & TAEG

Base rate applied to the outstanding principal, excluding commissions or insurance. Annual percentage applied to the loan. It does not include additional costs or taxes.

MTIC

Total cost of the loan, including commissions, taxes, and insurance. The best metric for comparing offers between banks, as it aggregates all charges.

ISUC

Stamp Duty on Credit Use, a mandatory tax charged on the amount actually used from the loan.

Early Repayment

Allows you to pay off the loan before the agreed term, reducing future charges.

Credit Insurance

Protects both the client and the bank in case of unforeseen events.

Debt Statements

Documents that verify the amounts of the debts to be consolidated.

Practical tips

Useful advice to consider before consolidating loans

Understand what it means to consolidate loans

Consolidation allows you to combine several loans into a single one, with just one monthly payment. The goal is to simplify financial management and, in some cases, reduce the monthly amount to be paid.

Assess your current financial situation

Carry out a full analysis of the loans you hold — outstanding amounts, terms, interest rates, and instalments. Only then will you be able to determine whether consolidation is truly advantageous for you.

Compare different consolidation proposals

Conditions vary between credit institutions. Compare the TAEG (Annual Percentage Rate of Charge) and the MTIC (Total Amount Charged to the Consumer) of several offers before making a decision

Check the total cost of the new loan

A lower monthly payment may result from a longer term, which increases the total amount paid over time. Always assess the overall cost, not just the monthly installment.

Check whether there are any fees or penalties

Some contracts may include early repayment fees for the previous loans or opening costs for the new one. Check all charges before moving forward.

Pay attention to the type of interest rate

Consolidated loans may have fixed, variable, or mixed interest rates. Make sure you understand the differences and the impact they may have on the value of future payments.

Review any associated insurance

Consolidation may involve new insurance policies (life or credit protection). Check which ones are mandatory and whether they can be taken out with another insurer.

Carefully read the Standardised Information Sheet (SIS/FIN)

The SIS/FIN contains all contractual conditions and credit costs. It is a mandatory document and essential for comparing offers in an informed and transparent way.

Assess the impact on your monthly budget

Ensure that the new installment fits your income and allows you to maintain a comfortable financial margin for other expenses.