What is SBH’s Easy on Debt?
Easy on Debt is SBH’s proprietary credit card debt restructuring programme that can help you get your debts under control. We have the Bespoke Credit Solutions (BCS) system, which allows us to analyse your debt FOR FREE. We will then propose a customised solution plan and seek your approval.
Benefits
Having multiple credit card debts or loans can be stressful, especially if they are burdensome and out of reach. That is why SBH is here to help you restructure them in a variety of ways:
Reduce your monthly payment by spreading it out over a longer period of time.
Lower your annual debt interest rates to 10% or less.
Improve your credit scores and avoid being blacklisted to improve your chances of future financing.
Repayment flexibility so that they fit within your current budget and income.
Combine all of your debts into one to make repayment easier and faster.
Who can approach us?
Anyone! Our Easy on Debt programme is intended for business owners, employees, and self-employed individuals. We can assist you if you are a Malaysian and are 21 years old or older.
How fast can I consolidate my debt?
Debt restructuring can take as little as 3 working days up to one week.
Who am I repaying to?
All payments will be made to your original bank or financial institution. SBH is using legal and ethical methods to restructure your debts and make them easier to pay off. After the restructuring is completed, you will continue to receive monthly credit card or loan statements from your bank.
What are the documents required?
All we require is your Malaysian Identity Card Number (MyKad) and the most recent credit card/loan balance statement.
How does the Easy on Debt process work?
Our professional consultants will arrange a free consultation with you to better understand your situation. They will then thoroughly examine your situation before recommending a debt relief strategy. They will present it to you for approval, and you will have the opportunity to request any changes or improvements before the plan is implemented. There will be no separate charges because all fees from our end will be incorporated into your monthly instalment scheme. You will also receive free follow-up consultation for the rest of your life, as our consultants can help you build a healthier financial portfolio in the future.
Fees and Charges
Interest Rates: 3% – 9%
Loan Tenure: 1 – 5 years
Service Fees: 3% – 10%
Requirements
Minimum Age: 21 years old
Minimum Annual Income: RM33,600
Who Can Apply: Open to all Malaysian credit card holders
Can SBH help me if I have been referred to AKPK? If the authorities have requested that you seek the assistance of AKPK, we strongly advise you to do so. SBH specialises in debt resolution in cases where the authorities have not yet referred the case to AKPK.
