Who can Apply for Debt Consolidation Plan

If you are debt ridden and want to apply for debt consolidation plan Singapore, there are some conditions from the Singapore government that you should be able to fulfill. First of all you should be citizen of Singapore earning minimum $20, 000 to $120,000 per annum. Your net asset value should be less than $2 million.

You also should know that unsecured credit cards like education loan, renovation loans, or business loans cannot apply for DCP. There are some papers like your NRIC, income slip etc. that you have to submit while applying for DCP. For more information on eligibility for DCP, contact Maybank2u.

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