Top Offers - Debt Consolidation Loan

LoanTap Offers various customised Debt Consolidation Loan

EMI-free

EMI Free

Interest only payment every month (40% lower monthly installment versus regular EMI) coupled with Bullet Payment every 3/6 months towards Principal. Ideal when: You receive additional income or an incentive every 3-6 months
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EMI-free

Step Up

Interest only Payment for 3 months followed by fixed EMI. Gives you space to manage expenses post an event. Ideal when: Heavy expenditure is involved in a particular event such as Wedding or a Medical Emergency.
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EMI-free

Term Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.
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Why take LoanTap’s Debt Consolidation?

Be it clearing multiple credit card outstanding dues or opting for a more affordable loan in place of multiple high interest rate loans, debt consolidation is always a good option. It not just takes away the hassle of dealing with multiple lenders and due dates but also proves to be a cheaper bet! With LoanTap’s Debt Consolidation Loan, enjoy a variety of loan offers to choose from. You can avail upto 10 Lakhs and consolidate your debts within 24 hours!

Instant approval & disbursal

Instant approval & disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option

Flexible Repayment Option

Flexibility to switch to EMI free loan, enhancement and accelerated repayment option after 6 months of disbursal
Higher Loan Amount

Higher Loan Amount

Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure

Longer Loan Tenure

Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
Minimum documents

Minimum documents

We collect only what is basic minimum for all our custom personal loan products
Transparent Process

Transparent Process

No hidden charges, No pre-payment charges and secured processes
Eligibility criteria for Debt Consolidation Loan
  • Individuals with a minimum income of INR 30,000 are eligible to get a Debt Consolidation Loan
  • Indian Citizen/Residents who are 21 years & above
Documents required for Availing a Debt Consolidation Loan
  • PAN Card
  • Salary Slips (last 3 months)
  • Salary Account Bank Statement (3/6 months)
  • Address Proof (If differs from permanent address)

When should you opt for Debt Consolidation Loan?

Credit card Bills

Credit card Bills

Credit card Bills

When you have multiple outstanding bills arising out of multiple credit cards, you can opt for Debt consolidation loan. Credit cards charge around 24-36% interest rate which is considerably high as compared to debt consolidation loan. Consolidate your debts with Debt Consolidation loan offers and save upto 50% on interest rates against credit cards.

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Too many Small ticket loans

Too many Small ticket loans

Too many Small ticket loans

If you have multiple short term loans or small ticket loans, you can opt for debt consolidation and close all the loans in one go. This was you needn’t worry about multiple lenders and due dates, instead you can service one single loan. This also helps service the loan on time; eventually improving credit score.

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High Interest rate loans

High Interest rate loans

High Interest rate loans

If you have previously availed personal loans at higher interest rates and now you want to move to a lower interest rate loan, then you can opt for Debt Consolidation loan. You can consolidate multiple loans into one single low interest rate loan and save on interest outgo!

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