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Know All About Debt Consolidation Loan

· personal loan

Have you heard about the debt consolidation loan? It is an extension of the personal loan that the lenders have created to help you pay off your entire debt.

It is one of the smart ways to pay off your all ongoing debts in one go and pay only 1 EMI.

If you want to know about the basics of the debt consolidation loan, then here is a post!

What is the debt consolidation loan?

Suppose if you have ongoing debts such as personal loans and credit cards and if they are consuming a large portion of the income, then you can go for an easy solution.

You can go for the debt consolidation loan and pay off all active loans in one go. This way, you can pay only 1 EMI in the month and save big.

What are the benefits of the debt consolidation loan?

  1. Considerable Loan Amount
    You can get an amount of up to Rs.25 lakh to pay off your entire debts as per your eligibility.
  2. Money in your Bank in 24 hours
    Once you have got the loan approval, then you can get the funds disbursed in your bank account within 24 hours.
  3. Instant Approval
    If you are eligible, then you can get the approval for the loan in a flash. Having a robust credit score, repayment, and employment record can help you get the loan approval fast.
  4. Flexible Repayment Tenure
    You can relax and repay the availed debt consolidation loan over a longer tenure of up to 60 months. This way, you can pay smaller EMIs and manage other costs easily.

You can land on the website of your preferred lender and apply for the debt consolidation loan online. This way, you can save your time, stay at home during the COVID-19, and avail it without hassles.

Must Read: Everything You Should Know About Debt Consolidation Loan

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