Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Debt Consolidation Loan EMI Calculator

Calculate your monthly instalments with our online Personal Loan EMI calculator. Enter the loan amount, interest rate, and repayment tenure. The EMI calculator instantly shows what your monthly payment will be for the debt consolidation loan.

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99%
30%

Tenure

Months
12 Months
84 Months

Why Choose Poonawalla Fincorp

Loan Icon High Loan
Amount
Collateral Icon Collateral-free Loan
Interest Rate icon Attractive
Interest Rate
No use icon No End-use Restrictions
quick icon Quick
Approval
Document Icon Minimal Documentation

Click to know more about Personal Loan Features and Benefits.

Apply for a Personal Loan Online in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, KYC details and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Submit the following documents for your Personal Loan for debt consolidation:

KYC Documents PAN Card, Voter ID, Passport, Driving License, or Aadhaar Card
Address Proof Utility Bills, Rent Agreement or Passport
Income Proof Salary slips for the past 1 month
Financial Proof Bank account statements for the past 3 months
Employment Proof Official mail ID or employee ID card (in case office email ID is not confirmed).
Existing Loan Statements Outstanding balance details of all current debts being consolidated.

Click to check the complete Personal Loan documents checklist.

Check the basic eligibility criteria to see who can apply for a Personal Loan for Debt Consolidation.

  • Salaried individuals with a stable monthly income and full-time employment.
  • Salaried doctors with consistent income from hospitals or clinics.
  • Salaried Chartered Accountants working with recognised firms.
  • Salaried Company Secretaries employed with registered companies.

You may increase your chances of being approved and streamline the loan application process by following these easy steps:

  • Prepare the necessary documents before beginning the application process.
  • A CIBIL score of 700 or more can increase your chances of approval, so check your credit score.
  • Before applying, check your eligibility against the lender's requirements.
  • To prevent delays, fill out the application form completely and accurately.
  • Avoid applying for several loans at once, as this could lower your credit score.

Here is a representative example illustrating how a debt consolidation loan works:

Parameter Details
Loan Amount ₹5,00,000
Annual Interest Rate 9.99%* p.a.
Loan Tenure 60 months (5 years)
Monthly EMI Approx. ₹10,620 per month
Total Interest Payable Approx. ₹1,37,200
Total Amount Repayable Approx. ₹6,37,200
Processing Fee (up to 3%) Up to ₹15,000 + applicable taxes

This example shows how a Debt Consolidation Loan may work for a borrower. For a loan amount of ₹5,00,000 at an interest rate of 9.99% p.a.* with a tenure of 60 months, the approximate EMI would be ₹10,620 per month. 
Over the full tenure, the total interest payable would be around ₹1,37,200, making the total repayment amount approximately ₹6,37,200, excluding applicable processing fees and taxes. However, actual EMI and interest may vary based on your credit profile and loan terms.

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

A debt consolidation loan is a Personal Loan that combines multiple debts into one EMI at a lower interest rate.

Poonawalla Fincorp maintains transparent loan terms with no hidden charges. However, applicable fees such as processing charges and taxes may apply as per the loan agreement.

A CIBIL score of 700 or higher is recommended for quick loan approval and favourable terms.

Poonawalla Fincorp offers a debt consolidation loan with competitive interest rates and flexible tenure of up to 84 months, which can help manage credit card debt.

The debt consolidation loan amount at Poonawalla Fincorp ranges from ₹1 Lakh to ₹50 Lakh based on eligibility.

The flexible tenure ranges from 12 to 84 months based on your repayment capacity.

After six EMIs, foreclosure from own funds attracts nil charges on this Personal Loan for debt consolidation.

No, the debt consolidation loan is fully unsecured with no collateral or security needed.

After successful verification and approval, the loan amount is typically disbursed quickly to your bank account.

Yes, the debt consolidation loan is commonly used to clear high-interest credit card balances.