Consolidate your loans and reduce your monthly payments
Debt consolidation is a financial operation that involves combining several existing loans into a single contract, with a new single monthly payment, a single rate and a single monthly direct debit. This operation generally significantly reduces the overall monthly payment, sometimes by up to 40%, by extending the repayment period. It also simplifies budget management by replacing multiple creditors with just one.
Fidexico offers two types of debt consolidation. Consumer credit consolidation combines only consumer credits (personal loans, auto loans, revolving credits, home improvement loans) up to €75,000 over a maximum of 84 months. Mixed consolidation combines consumer credits AND a mortgage, up to €75,000, over a term of up to 180 months. In both cases, a personalised assessment is provided before any subscription.
Warning: while debt consolidation reduces your monthly payments by extending the repayment term, it may increase the total cost of the credit. Before committing, carefully compare the total amount repayable before and after the operation. Fidexico systematically provides a complete comparative simulation, in accordance with applicable Portuguese law requirements. The operation is worthwhile if the reduction in monthly payments or administrative simplification compensates for any additional cost.
Financial features
| Consumer credit only | Up to €75,000 — max. term 84 months — APR from 3.5% |
| Mixed consolidation (consumer + mortgage) | Up to €75,000 — max. term 180 months — APR from 3.5% |
| Possible payment reduction | Up to 40% depending on situation and chosen term |
| Processing fees | Variable based on amount and term — conditions communicated before subscription |
| Early repayment | Possible at any time |
| Settlement of existing loans | Early repayments of previous loans managed by Fidexico |
| Borrower insurance | Optional — strongly recommended for long terms |
Eligibility conditions
Required documents
How does debt consolidation work?
Free assessment
Free simulation of your consolidation: current monthly payment, monthly payment after consolidation, savings achieved, total cost.
Complete file
Send your supporting documents and amortisation schedules of all your current loans.
Personalised study
Our specialists study your file and provide you with a personalised consolidation offer.
Contract signature
Electronic signature of your new single credit contract. 14-day withdrawal period.
Repayment of previous loans
Fidexico repays your previous creditors directly. You now make only a single monthly payment.
Frequently asked questions — Debt consolidation
Not necessarily. Debt consolidation reduces your monthly payments by extending the repayment term, but this means you pay interest for longer, which can increase the total cost of the credit. The operation is worthwhile if you need to reduce your monthly payment to maintain your standard of living, if you're in a situation of over-indebtedness, or if you can obtain a rate significantly lower than your current loans. Fidexico systematically provides a complete comparative simulation before any decision.
Yes, in the context of a mixed consolidation. This allows combining consumer credits AND a mortgage into a single contract, up to €75,000 over 180 months. However, consolidating a mortgage may generate early repayment indemnities (IRA) equivalent to 6 months of interest or 3% of the outstanding capital. These penalties are taken into account in your simulation. Mixed consolidation is subject to different rules from consumer-only consolidation.
Yes. Like any credit, debt consolidation is subject to an analysis of your solvency. A refusal may occur if your debt ratio after consolidation remains too high, if your income is insufficient or unstable, if you are registered in the CRC, or if your overall financial situation does not allow for the repayment of the new loan. In case of refusal, you can contact the Banco de Portugal for support under the over-indebtedness procedure.
Warning: Debt consolidation may extend the total repayment period and increase the total cost of the credit. Carefully compare the cost before and after the operation before committing.
Fidexico S.A., NIPC 503533726, Banco de Portugal, ASF (Portugal). Subject to file approval.