Debt consolidation is when you borrow a fresh loan, in order to clear off all your other existing smaller loans. The debts can be unpaid medical bills, credit card dues or any other kind of loan. Bajaj Finserv provides debt consolidation programs, in order to help people in consolidating multiple debts into one major loan.
Is debt consolidation helpful?
Debt consolidation helps you harness and channelize your financial planning. By integrating smaller debts into a single loan, you can direct your finances in a focused manner. This is because you will be required to make only one monthly payment, instead of numerous. Plus, other types of loans come with comparatively higher interest rates, which are also likely to get influenced by the market. However, debt consolidation loans come with a fixed interest rate.
How different is the interest rate in a debt consolidation program?
Bajaj Finserv provides debt consolidation plans at a lower interest rate, as compared to the other types of loans. Plus, the rate of interest is fixed and is not liable to change as per any fluctuation in the market rates.
What is Bajaj Finserv debt consolidation calculator?
Bajaj Finserv debt consolidation calculator is an application that helps you to calculate the amount of loan, which is required to consolidate all your debts into one.
How is the debt consolidation calculator helpful?
Bajaj Finserv debt consolidation calculator is significantly beneficial, since it helps you to calculate the consolidated loan amount and helps you to decide, whether amalgamating all your debts into a single loan is appropriate for you or not. Being aware of your loan amount in advance helps you to plan your finances better. Also, this calculator helps you to adjust a consolidation plan as per your budget and requirement.
How to operate the debt consolidation calculator?
The instructions to use a Bajaj Finserv debt consolidation calculator are mentioned on the website. You can refer to the step by step procedure, by clicking on the 'Debt Calculator' link.
Who can use this kind of calculator?
Anyone who intends to apply for a Bajaj Finserv debt consolidation loan can use a debt consolidation calculator.
How can I avail help while using debt consolidation calculator?
The instructions to use the calculator are mentioned on the website. However, should you face problems while using the calculator, feel free to visit our nearest branch. Our customer service team will assist you with your query at the earliest.