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a kind of personal loan, which helps you pay-off all your debts in one go

a loan given to consumers to pay off unsecured debts

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loan taken out to consolidate applicant's current debt.

A loan to consolidate a clients debt.

A loan that combines debt obligations into one debt.

The replacement of several loans with a single one, preferably with a lower monthly payment and a longer repayment period. It's also called a consolidation loan.

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A type of loan that allows the borrower to payoff all or a portion of existing debt (including the existing mortgage loan) from loan proceeds.

loan used to repay several other loans. Debt consolidation usually reduces the borrower's monthly payments by lowering the interest rate or extending the repayment period or both.