Loan Consolidation: Regain Control of Your Budget with a Single Monthly Payment
Multiple ongoing loans, high monthly repayments and a budget under pressure? Loan consolidation allows you to group your different credits into a single loan with one monthly instalment, for clearer finances and more peace of mind in 2026.
Whether you have a car loan, a personal loan or a revolving line of credit, consolidating your loans can help you simplify your budget, reduce your monthly payment and spread your repayments over a period that really suits your financial situation.
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Imagine the following situation:
- Car loan of €25,000 for the purchase of a vehicle
- Personal loan of €10,000 to renovate your home
- Revolving credit of €3,000 in a large store for high‑tech products
Three different loans, three different due dates, and a total monthly cost that can quickly weigh on your budget. With loan consolidation, these three loans can be grouped into a single credit, with one monthly repayment that is easier to manage.
What Is Loan Consolidation?
Loan consolidation, also known as credit grouping or debt consolidation, consists of combining several existing loans into a single new loan. Instead of managing several separate monthly payments, you only have one repayment to make to a single financial partner.
In practice, the outstanding balances of your different loans are repaid and replaced by one consolidated loan. The main goal is to obtain a new monthly payment that is better adapted to your budget, often lower than the sum of your previous payments, thanks to a longer repayment period and, where possible, more attractive conditions.
This solution is particularly relevant when the accumulation of loans begins to cause tension at the end of the month, when you regularly dip into your savings, or when you anticipate a drop in income and wish to secure your budget before difficulties arise.
Did you know?
Loan consolidation does not erase your debts, but it can make them more sustainable and easier to manage by adjusting the monthly amount and the duration of repayment to your financial situation in 2026.
What Are the Advantages of Loan Consolidation?
Simplified Administration
No more juggling several monthly repayments and different due dates. With loan consolidation, you have one single loan, one monthly payment and one point of contact, for smoother and more transparent financial management day after day.
Lower Monthly Repayment
The sum of three or more separate premiums is often much higher than a single consolidated monthly repayment. By adapting the duration of the new loan, you can obtain a monthly payment that is more comfortable and better aligned with your income and fixed expenses.
More Breathing Space
By reducing the pressure of your monthly repayments, you recover flexibility in your budget. This can help you avoid payment incidents, absorb unexpected expenses more easily and rebuild savings over time.
When Should You Consider Loan Consolidation?
From the moment you have more than one ongoing loan, it may be wise to study the option of consolidation. This is especially true if:
- The total amount of your monthly repayments is putting significant pressure on your budget
- You are experiencing difficulties at the end of the month or are forced to use your overdraft
- You wish to anticipate a change in your financial situation (career move, family event, retirement, etc.)
Analysing your situation with a broker allows you to check whether a loan consolidation can offer you more advantageous conditions and greater peace of mind. A personalised study in 2026 will take into account your income, expenses, existing loans and future projects.
Possible Obstacles and Alternative Solutions
Loan consolidation is not always possible in every situation. If you are listed with the National Bank of Belgium, for instance because your file is in litigation, access to a classic consolidation solution may prove difficult or even impossible.
However, if you are a homeowner and your property is free of charges or has sufficient equity, it may be possible to consider a homeowner loan with a new mortgage registration on your property. This type of solution must be carefully analysed with a professional, taking into account both the advantages and the long‑term commitments.
In all cases, a detailed assessment of your financial situation is essential before making a decision, so that the solution chosen is truly sustainable and suited to your objectives in 2026 and beyond.
Key Points to Remember About Loan Consolidation
Ready to Simplify Your Loans and Breathe Easier?
Take a few minutes to analyse your situation and discover how loan consolidation could help you regain control of your budget with a single, more manageable monthly payment.
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