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

Affordable Personal Loan for Debt Consolidation

Take control of your finances with a Personal Loan for Debt Consolidation from Poonawalla Fincorp. With our loan, simplify your repayments, reduce your interest burden, and achieve financial freedom. Benefit from high loan amount of ₹50 Lakh at competitive interest rates with a hassle-free application process, minimal documentation, and flexible repayment terms. Apply now!

Why Choose Poonawalla Fincorp

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

Personal Loan EMI Calculator

Calculate your monthly instalments with our online EMI calculator. Just enter the loan amount, interest rate, and repayment tenure. Try now!

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
12Months
84Months

Apply for a Personal Loan 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

Eligibility Criteria for Debt Consolidation Loan

Meet our straightforward eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Monthly Salary: At least ₹30,000.
  • Employment: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year, with 1 month in the current company.

Documents Required for Debt Consolidation Loan

Submit the necessary documents:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Income Documents: Salary slips for the last 1 month.
  • Financial Documents: Bank statement for the last 3 months.
  • Employment Proof: Official email ID or employee ID card.

Interest Rate and Charges for a Debt Consolidation Loan

Poonawalla Fincorp offers loans at attractive interest rates and nominal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12-84 months
Prepayment/Foreclosure Charges
1. Before repayment of first six EMI:
i) If Foreclosure or Prepayment is done including balance transfer from another financial institution – 4 % on amount being prepaid plus applicable taxes.
2) After repayment of first six EMI:
i) If Foreclosure or Prepayment is done from own funds of the Borrower- Nil charges.
ii) If Foreclosure or Prepayment is done any other source including by balance transfer from another bank/financial institution- 4% on amount being prepaid plus applicable Taxes.
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500/- Per Bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Who Can Get a Personal Loan for Debt Consolidation

  • Salaried individuals
  • Salaried doctors
  • Salaried Chartered Accountants
  • Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Have all required documents ready
  • Check your credit score
  • Verify your eligibility
  • Provide accurate and complete information
  • Avoid multiple loan applications

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

Are there any hidden charges on Poonawalla Fincorp's Personal Loan for debt consolidation?

No, Poonawalla Fincorp is committed to transparency, and there are no hidden charges. All terms and conditions are clearly outlined to ensure a hassle-free borrowing experience for our Loan for debt consolidation.

What is the minimum credit score required for a Personal Loan?

While we consider different factors for eligibility criteria, a credit score of 700 or higher is generally considered good. A high credit score allows quick loan approval and favourable terms.

What is the best Personal Loan for credit card debt?

Poonawalla Fincorp offers the best Loan for debt consolidation with competitive interest rates, zero hidden charges and a flexible tenure of up to 84 months. Moreover, we offer the most convenient application process with minimal documentation and swift approval.