Repaying multiple debts often gets cumbersome, with different monthly pay-outs on different dates. Here, the easiest route to hassle-free repayment is debt consolidation, i.e. clubbing all your debts into one debt.
Managing and repaying several debts can be challenging as it accompanies multiple EMIs on different calendar days. To resolve this issue, debt consolidation is a convenient financial solution. Generally, two types of debt consolidation are relevant in India - secured and unsecured.
Unsecured loans for debt consolidation accompany stringent eligibility and a higher rate of interest. On the other hand, secured credits like a loan against property offer a high sum and are available against lenient eligibility criteria.
Opt for a Loan Against Property for debt consolidation, merge all the outstanding dues into one single debt, and repay conveniently. This will help ensure financial stability by reducing the interest outgo. A debt consolidation loan also irons out the hassles of servicing several loans at a time.
For instance, you can apply for a fresh loan against property by pledging a property and use the amount to pay off all your credit card bills, personal loans, and other current liabilities.
A loan against property for debt consolidation is the best choice when the existing obligations are sizeable. But only knowing about what is debt consolidation is not enough, check the current applicable charges and rates below.
The below documents checklist enlists all the documents required to apply for a loan against property for debt consolidation.
Note that, besides these, you may have to present some additional documents as and when required to borrow debt consolidation loans.
Meet the below criteria to apply for a loan against property and get approval quickly.
Comply with these eligibility criteria and submit the required documents to get the most competitive interest rates.
Also, get a debt consolidation loan for bad credit score and improve the same with regular repayment.
Follow the steps mentioned below to apply for a debt consolidation loan online.
Step 1: Go to the online application form
Step 2: Enter the details like type of employment, name, mobile number, type of loan, address, property location, etc. and submit it online
Step 3: Our representative will call you shortly once you submit the form. Submit all requested documents for verification for quick verification and approval. With the Bajaj Housing Finance Loan Against Property, you can expect approval in 24 hours* and disbursal in 72 hours*.
*from document submission
A debt consolidation loan streamlines the repayment process and reduces the interest burden significantly. Apply now for an affordable loan against property for debt consolidation.
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