Too many loans active? I merge them into a single payment.
Debt consolidation lowers the total monthly instalment, extends the term and simplifies household budget management. Often the fastest path back to breathing room.
One less bill
on the desk.
Consolidation merges all active loans (car, personal, card, revolving lines) into a single loan with extended term, which lowers the monthly instalment.
It's not financial magic. The total cost may be higher in the end because you pay for longer. But for families needing to ease the budget now, it's usually the most realistic option.
My job is to show you the exact difference: how much you save per month, how much more you pay in total, and whether it's worth it in your specific case.
Scenarios where
consolidation pays off.
The total instalment is starting to weigh
When combined instalments exceed 45% of net income (the threshold recommended by the Bank of Portugal since August 2026) consolidation lowers the monthly figure and gives the budget room again.
Credit cards with high rates
Revolving cards usually carry rates between 15% and 22%. Consolidating into structured credit brings the rate down significantly.
Tired of managing multiple dates
One instalment, one date, one bank. Reduces the risk of forgotten payments and accumulated fees.
Fast, when it needs to be.
Debt map
Inventory of all active loans, instalments and outstanding amounts.
Savings simulation
Consolidated instalment calculated across several term scenarios, so the real saving is clear.
Bank submission
Parallel proposals. Usually 2-5 business days for response.
Choose the proposal
Side-by-side comparison. I explain what changes in each, with no small print.
Settlement
The new bank settles old loans. From next month, only one instalment.
With or without
mortgage guarantee.
For those
without property
to put up as security
- Typical term: up to 10 years.
- Maximum amount: usually up to €75,000.
- Higher interest rate than the mortgage-backed option.
- Faster process, with no property valuation.
- Approval depends on income and effort rate.
For those
who own property,
fully or partly paid
- Typical term: up to 20 or 25 years.
- Amount can be significantly higher.
- Much lower interest rate (close to mortgage).
- Requires property valuation and deed.
- Slower process (4 to 8 weeks) but with better terms.
About debt
consolidation.
How is consolidation saving calculated?
Compare the sum of current instalments with the new consolidated instalment. The difference is the monthly saving. Then multiply by the number of months to see the budget relief. I run that calculation plainly, with your own figures.
Does consolidating enter my Bank of Portugal responsibility map?
Yes. The consolidated loan appears on the map as a single loan; previous ones become "settled". Impact on credit profile is generally positive: fewer active lines.
Is it worth consolidating loans with low rates?
Not always. If you have a car loan at an APR of 4% and a personal loan at an APR of 12%, consolidating everything may increase the cost of the first. I analyse case by case.
Can I really save up to 60% on the instalment?
In scenarios where you consolidate personal loans and cards (with APRs between 12% and 22%) and extend the term, yes. But it depends on the composition of your debts.
How long does the whole process take?
From first conversation to approval: usually 1-2 weeks. From approval to actual settlement of old loans: 2-4 more weeks.
No form to fill now.
Get a serious, realistic simulation in 24 hours.
Just the essentials. Pedro will contact you within 24 business hours with an initial review of your case.
- Diagnostic of your Bank of Portugal debt map
- Calculation of possible monthly saving
- Compare with and without mortgage backing
- Approval estimate in days, not weeks
Request a quick call-back
Three fields, one click. You'll receive a confirmation email with your reference.