Get acquainted with Debt consolidation loans at LoanzBazar
A Debt Consolidating loan is a type of loan which is taken to pay off all other loans by a single loan with a lower interest. When you use a personal loan to consolidate debt, the money is used to pay down the individual loans.
These types of loans are standard loans with low interest which are easy to sanction and can be paid off with easy EMIs. These loans are best to pay smaller loans and do not involve heavy paperwork. The person taking a consolidated loan will be able to save money on interest and the finance cost of the small loan they owe by doing so. Instead of making many payments to different creditors, the borrower would just have to make one payment.
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The debt consolidation loan takes even less time than a personal loan. At loanzBazar taking a debt consolidation loan is much easier than you think. It takes hours to sanction the loan into your bank.
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Applying for Debt consolidation loan has never been easier with Loanzbazar. Check details here:
LoanzBazar guarantees the fastest loan approval and transfers within 24 hours after screening the required documents and your application.
With the fastest and most convenient loan approvals, LoanzBazar always offers options for repayment in EMIs. You get to pay any way you want only after 6 months of the money transfer.
At LoanzBazar you can take a loan from anywhere between Rs 50,000 to Rs 10,00,000 and use it for paying off your previous debts.
You can repay your loan amount with interest within 6 months to 5 years by opting for LoanBazar’s services.
When you are opting to take a loan with LoanBazar you won’t be worrying about documents. For a debt consolidation loan, you just need to show some basic documents.
The loan process at LoanBazar is completely transparent. You do not need to pay any processing fee or other charges while applying for a debt consolidation loan
Debt consolidation loans are very easy and convenient loans with low interest and it also does not let your credit score go down. The debt consolidation loan covers a single loan that may help pay off your other loans in a go. You can use it to lessen your burden.
Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…
Debt consolidation loans typically have interest rates from 6 per cent to 36 per cent. IDFC FIRST Bank offers an interest rate starting at 10.49% which is one of the most reasonable ones in the market.
| Bank Name | Rate of Interest for Salaried Employee |
|---|---|
| HDFC Bank | 10.99% - 17.85% |
| Axis Bank | 11.99% to 24% |
| ICICI Bank | 10.99% - 17.85% |
| Standard Chartered Bank | 11% - 16% |
| IndusInd Bank | 14% - 16% |
| Kotak Bank | 11.50% - 24.00% |
| Bajaj Finance | 14.25% - 16.75% |
| HDB Finance | 14% - 21% |
| Fullerton Finance | 13.00% - 24.00% |
| State Bank of India | 11.00% - 17.65% |
| IDFC Bank | 10.99% - 17.85% |
| IDFC Bank | 10.99% - 17.85% |
| Tata Capital | 13.50% - 18% |
| Yes Bank | 12.50% - 16.00% |
At loanzBazar your loan money will be sanctioned in your bank within 24 hours.
You will wind the application process and paperwork to be very simple and easy. You will be able to pay off all your debts in one go. You will also prevent yourself from ruining your credit score.
Anyone who has a constant income and is an Indian between the age of 21-65. Has a salaried job experience or business ownership for more than 2 years.
Yes, you can apply for the loan online and you need to upload real documents in time.
You will have to pay your penalty fees for the month along with the amount for that month's EMI.
