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Consolidate multiple EMIs into a single affordable loan with lower interest and easy repayment options.
When you apply for a loan, you sign up for repaying the loan in monthly installments. Similarly, multiple loans come with multiple EMIs/month, right? No.
You can pay off multiple loans with just 1 EMI/month. A personal loan debt consolidation allows you to remember just 1 date every month to repay your loan. Scroll down to read other benefits of consolidating your multiple debts:
| With Personal Loan Debt Consolidation | Without Personal Loan Debt Consolidation |
|---|---|
| Single EMI/Month | Multiple EMIs for Multiple Loans |
| Pay up to 50% less on EMIs | Save 0% on EMIs |
| Get Lowest Interest Rates (Starting from 9.99%) | Interest Rates as High as 17% |
| Payoff the loan in up to 7 years | Payoff the loan in 5 years |
| Healthy CIBIL Score | Unhealthy CIBIL Score |
A personal loan debt consolidation can make it easy for you to manage multiple loans at the same time, without affecting your CIBIL score. After you consolidate your personal loans, you won’t have to be stressed about multiple EMIs. So, what are you waiting for?
You are probably thinking how a personal debt consolidation loan is better than multiple loans.
To get an answer, have a look at the table. This table is prepared with exclusive insights from experts in the loan disbursal industry.
| Features | With Debt Consolidation | Without Debt Consolidation |
|---|---|---|
| Interest Rates | As low as 9.99% | As high as 17% |
| Savings on Interest Rates | Reduce EMIs by 50% | Different EMI for each loan |
GrowScore has disbursed loans to 2000 crore+ customers through India. So, what makes us unique?
| Personal Loan Debt Consolidation | ||
|---|---|---|
| Feature | With GrowScore | Other Organisation |
| Low Rate of Interest | ✔ | ✔ |
| 50% Savings on EMIs/Month | ✔ | ✘ |
| Flexible Loan Repayment Tenure | ✔ | ✔ |
| Loan Approved in 24 hours | ✔ | ✘ |
| Zero Documentation | ✔ | ✘ |
| 100% Online Process | ✔ | ✘ |
| Compare Rates from 20+ Banks and NBFCs | ✔ | ✘ |
| Loans Up To 50 Lakhs | ✔ | ✔ |
| Personal Loan Expert | ✔ | ✘ |
With a personal debt consolidation loan, you will know how to pay off the loan in a smart way and not the hard way. When you think of clubbing your multiple loans and credit card outstanding in a single loan, you sign up for the following features and benefits:
(Club Loans Up To 50 Lakh) Transfer multiple loans amounting to ₹ 50 lakh into a single loan.
(Pay just 1 EMI/month) Don’t stress to remember different dates to pay off EMIs.
(Interest Rates) Apply for a debt consolidation loan and cut down on interest rates by up to 10%
(EMI Savings) Club multiple loans and save up to 50% on EMIs.
(Pay-Off Tenure) With debt consolidation loan, you can pay off the loan quickly.
(CIBIL Score) Your CIBIL score will get better with regular and easy-to-make payments.
Who can apply:
ID Proof
Address Proof
Other Docs
Calculate your Loan EMI in 3 easy steps.
Estimated EMI
Total Payment:
Total Interest:
LoansJagat is a platform to offer personal loan debt consolidation quickly and efficiently without having a difficult application process. Our aim is to offer a hassle-free process so that no one has to wait for their dream to become a possibility. Apply for a loan right away!
The following guidelines assist in improving the chances of loan approval to avoid the possibility of rejection of personal loan debt consolidation.
You have a high chance of loan approval if your CIBIL score is more than 650. So, try to increase your credit score to match this number. You have a high chance of loan approval if your CIBIL score is more than 650. So, try to increase your credit score to match this number.
If you majorly depend on your credit card, even after spending your monthly income, then the chances of loan approval are low.
Try to stay clear of all the outstanding debt. If you repay your loans timely, then banks will prefer to lend more loans to you.
Don’t lie about your information over the tele-verification process. If found not true with supporting documents, the chances of rejection increase.
Try to have a stable job for at least 1 year before applying for a loan. This will help you have more chances of loan application approval.
When you are planning to apply for a loan, make sure that your credit history of the last 6 months is up to the mark.
If you pay your loan EMI on the due date/month. Then your credit score will boost instantly. This will guarantee instant loan approval.
Avoid getting addicted to betting on paid fantasy gaming apps like Dream 11, Ludo, Poker, etc. Remember, there is no shortcut to long-term wealth.
Do not engage in external transactions on major stockbroking platforms. Try to keep a clean transaction history of your salary bank account.
Investing in derivative products like Future and Options (F&O) trading is a very risky scenario if you are planning to avoid loan rejection.
If you can retain 25% of your monthly income as savings in your bank account, then banks will prefer to approve your loan application.
With a debt consolidation loan, you can add loans up to ₹ 50 lakh.
In debt consolidation, you can add up to 10 loans into 1 single EMI.
In a debt consolidation loan, the interest rates are lowered up to 20% as compared to your previous rate of interest on multiple loans.
Yes, with a debt consolidation loan, you can increase the loan repayment tenure. This way you can easily pay off the loan and increase your CIBIL score.