Online Loan for Debt Consolidation With Instant Approval
A credit card is a financial tool that enables you to make swift transactions on credit and repay the amount later within a specific time. However, if you skip a payment or only pay the minimum amount, it can affect your credit score. It can also make it more challenging for you to obtain other forms of credit, like loans.
Hence, if you have credit card debt, it is important to remove the debt burden quickly. You can achieve that by applying for a debt consolidation loan from Poonawalla Fincorp. Our loan comes with a high loan amount, flexible tenure, minimum paperwork, and many more benefits that can help you clear your credit card debt without delay. Apply now!
EMI Calculator for a Loan for Debt Consolidation
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Interest Rates and Charges for a Debt Consolidation Loan
You can avail of a loan for debt consolidation at favourable interest rates, starting from just 9.99% per annum.
| Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 84 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Late Payment Charges | 2% per month |
| Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Hidden Charges | Nil |
Eligibility Criteria for Credit Card Debt Consolidation Loan
Our debt consolidation loan eligibility criteria are simple:
Age
Citizenship
Employment
Work Experience
Monthly Income
- Age: 21 to 60 years.
- Citizenship: Indian citizen.
- Employment: The applicant must be a full-time employee.
- Work Experience: Minimum work experience of at least 1 year and at least 1 month of stable employment in their current job.
- Monthly Income: ₹30,000 and above.
Why opt for a Credit Card Debt Consolidation Loan from Poonawalla Fincorp?
Credit cards are financial instruments that provide convenience to one's life and are very useful during any emergency. However, you should be careful while paying your credit card bills. If you miss even a single payment, it can affect your credit score and you may incur a penalty and fall into credit card debt. Hence, to manage your credit card debts, you can apply for a credit card debt consolidation loan.
With our Personal Loan for debt consolidation, you can enjoy the following benefits:
- Simplified Finances: Consolidate multiple outstanding debts into one single loan.
- Favourable Interest Rates: Get a better interest rate that will be more beneficial for future repayments.
- Reduce EMI Amount: Reduce the amount of your monthly repayments by spreading the EMIs over a flexible repayment period of up to 84 months.
- Improves Credit Score: By clearing all your debts on time through debt consolidation, you can gradually improve your credit score.
Apply for Debt Consolidation Loan Online
- Apply Online: Click on ‘Apply Now’ and complete the application form
- Personal Details: Enter your DOB, qualification, and residential details
- Verification: Submit and upload all details for verification and assessment
Documents Required for Availing a Debt Consolidation Loan
Submit these basic documents to apply for a debt consolidation loan:
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KYC Documents
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Address Proof
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Employment Proof
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Income Documents
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Financial Documents
How to Apply for Online Personal Loan for Credit Card Debt?
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions About Personal Loan for Debt Consolidation
A Personal Loan is one of the best forms of financial assistance that can enable you to fulfil any kind of financial need. By availing of a loan for credit card debt consolidation from Poonawalla Fincorp, you can consolidate multiple debts into a single repayment at much better interest rates and repayment terms.
Getting an unsecured debt consolidation loan from Poonawalla Fincorp is extremely easy. Just apply online from our official website to fill out the application form and submit the necessary documents.
Poonawalla Fincorp offers one of the best Personal Loans for credit card debt consolidation with competitive interest rates, minimal documentation, zero collateral requirement and faster approval, which can help you manage your finances efficiently.
*Terms & Conditions Apply
