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Debt Consolidation
Stay free from multiple EMI burdens every month. Consolidate your debts into just one single loan and streamline your financial matters.Powered By
Debt Consolidation
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Here are a few factors
| Location | PAN INDIA |
| CIBIL Score | 720+ |
| Minimum Salary per Month | 25,000/m in Metro Cities, 20,000/m in Other Cities |
| Salary Mode | NEFT, RTGS, IMPS if Company Name Mention, CHEQUE & COMPANY TRANSFER |
| Applicant Age | 22 year - 57 year |
| Processing Fees | As per Lender's Policy |
| Processing Mode & TAT | Processing : Online , TAT : 5min to 48 hour |
| Part Payment Allowed | Allowed |
| FOIR | 65% of Net Salary |
| Whether Co-Applicant Mandatory | No |
| Applicant Type | Any Self Employed Person or Salaried Individual |
| Negative Profile | Applicant receiving Salary through UPI & Cash Mode, Funding to Pensioner, OverObligation Customer, Any Person who is director in any Company having Shareholding >5%, Applicant having Overdue in their CIBIL, Single Name Applicant |
| USP | Instant Approval, Funding to All Employee, 3 Month Salary in Accounts in Continuation |
Required Documents to Apply for Debt Consolidation Loans
Identity Proof:
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Passport
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Voter ID
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Driving License
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Aadhar Card (Mandatory)
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PAN Card (Mandatory)
Address Proof:
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Passport
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Driving License
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Aadhar Card
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Utility Bill
Other Documents:
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Salary Slips (Last 3 months)
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Salary Account Bank Statement (Last 3 months)
About Debt Consolidation Loans
Money is one object that your business can't survive without. Let the firm expand and the cash flow flow with Finagg supply chain business loans. To make payments to your suppliers, use Finagg's integrated financial solution infrastructure to swiftly get supply chain finance. Are you an MSME or an enterprise trying to find a single source that can handle all of your supply chain finance needs? Contact Finagg right now to start developing your business.
Reasons, You Should Opt for a Debt Consolidation Loan :
Consolidate Focus: A debt consolidation loan helps streamline the variety of debts by putting all of those into a single one. This means you would only be focusing on repaying one loan instead of several.
A Single Monthly Payment : You will not worry about managing various EMIs at different rates. Instead, you are left with one single manageable monthly payment, which reduces the stress of keeping track of all the debts.
Lower Interest Rates : The foremost advantage of debt consolidation is its usual offering of low-interest rates. A loan generally has a lower interest rate than maintaining various loans with different rates.
It also reduces the monthly EMI, thus relieving financial liabilities to a great extent. It will give you more breathing space while still saving a lot of money from burdensome monthly EMIs.
You must consider the interest rate, cost of finance, and charges for early payment before debt consolidation. It is pretty useful when you have multiple personal loans and credit card debt that you are struggling to manage.
