Personal Loan for Debt Consolidation

It is possible to consolidate your current outstanding loans into one and manage the installments with ease. You can get a personal loan for the purpose of debt consolidation and put an end to worries of remembering to pay different Equated Monthly Installments (EMIs), as well as, different payment dates.

With debt consolidation, you can combine more than one debt into a new Bajaj Finserv Personal Loan with a favourable interest rate and repayment tenure. The amount received from your new online personal loan is used to pay off the outstanding debts. A debt consolidation loan is a big loan that you take to pay small debts. Through this loan, you can manage to save on the expenses related to the interest and the cost of finance.

To apply for a personal loan, you simply need to fill in the loan application form and avail up to Rs. 25 lakh within 24 hours on the approval of your loan. With a personal loan, you can cover up all your expenses like paying for medical bills, finance your higher education or pay other outstanding debts. With Bajaj Finserv Personal Loan for debt consolidation, you can borrow funds as you require and pre-pay when you can from a sanctioned loan amount.

1. Eligibility Criteria

Salaried Professionals within the age of 25 to 58 years are eligible for a personal loan. You need to fulfill the eligibility criteria and submit all the necessary documents required for a personal loan. You can make use of the Personal Loan Eligibility Calculator and check whether you qualify for the loan.

2. Interest Rates and Charges

Bajaj Finserv personal loan offers an attractive interest rate on the loan amount with complete transparency, the loan applications are processed on nominal fees & charges.

3. Calculate Personal Loan EMI

In order to estimate your monthly cash outflow, you can take the help of a Personal Loan EMI Calculator and plan repayment accordingly.

4. Personal Loan Application Procedure

To get started with the application process you need to figure out your exact requirement and the loan amount you need for it. This will enable you to borrow the correct amount that is to be paid every month.

• Step 1: You need to start filling your personal, financial, and employment details on the application form.

• Step 2: Select the loan amount and tenor to access instant online approval.

• Step 3: Submit all the documents required for a personal loan.

• Step 4: The loan amount will get disbursed in your bank account within 24 hours.

Debt consolidation is a smart move for those who are dealing with multiple loans and EMIs. It will relieve stress and make it easier for you to handle payments. When you apply for an instant personal loan for the debt, you only need to handle one loan, pay one EMI, and remember one date. Before applying for a loan you need to check whether you are eligible for a personal loan. You can take the help of a Personal Loan Eligibility Calculator to check and calculate your personal loan eligibility criteria. The process of loan application at Bajaj Markets is quite simple. You can enjoy a higher loan amount with a Bajaj Finance Personal Loan and repay it over the flexible tenure. Debt consolidation will help you manage your debt without disrupting your monthly budget.