Consolidation roadmap
- 01
List every debt
Capture balances, rates, and minimum payments for all cards and loans.
- 02
Calculate the new instalment
Use a consolidation quote to confirm monthly savings and a healthier DSR.
- 03
Close or freeze cards
Avoid re-accumulating balances while paying off the new facility.
- 04
Track repayment milestones
Set 3, 6, and 12 month checkpoints to see CCRIS improvements.
Documents required
- Latest 3-6 months statements for each debt
- Payslips or income proof + bank statements
- CCRIS report showing current facilities
- Settlement letters (if applicable)
Avoid these mistakes
- Consolidating without cutting card usage
- Stretching tenure too long without real savings
- Ignoring early settlement penalties
- Leaving high-interest debts out of the plan
Questions
More questions
Who is eligible to apply for a loan through GURU Credits?
You typically need to be a Malaysian citizen or permanent resident, aged 21–60, with a regular income. Requirements vary slightly by loan product and lender. We review your CCRIS/CTOS profile, income, and DSR before matching you to a licensed lender — meeting these basics does not guarantee approval, as each bank makes its own final decision.
What is the minimum monthly salary required?
Minimum income requirements vary by product and lender, and are usually a few thousand ringgit a month for personal financing. Rather than quote one fixed figure that may not apply to your situation, we check your latest payslips or bank statements and tell you which lenders are a realistic fit for your income level.
Is there an age limit to apply?
Applicants are typically expected to be between 21 and 60 years old, though this can vary by lender and by product — some allow slightly older applicants if the loan matures before retirement age. We phrase this as "typically" because individual bank policies differ, and we will confirm the exact range for the product you are interested in.