You may have taken loans at various junctures to meet several requirements. However, if you have also faced a financial crunch during this time, you may have outstanding payments towards these loans. It is essential to understand that skipping EMI payments on existing loans and racking up credit card debt will add to your financial obligations, multiplying it exponentially. Suppose you find that the interest on your various debts has mounted into an overwhelming figure. In that case, it’s time to opt for a personal loan for debt consolidation from reputed lenders such as Bajaj Finserv.
Here is a list of the various debts that you can consider for consolidation with the help of this loan.
- Credit card payments
- Overdraft on your bank accounts or loan accounts
- Payment of skipped EMIs
- Payment of penalties such as:
- Penal interest
- Foreclosure charges
- Prepayment charges
- EMI bounce charges
Here is how Bajaj Finserv Personal Loan for Debt Consolidation helps you repay these dues with ease.
By letting you borrow an amount in line with your dues
This loan gives you a sanction of a high amount, so you can use it to tackle outstanding debt even if it is substantial. You can avail of up to Rs. 25 lakh to repay your debt and bring your finances back on track.
Additional Read: How to Check CIBIL Score?
By allowing you to use the loan on your terms
This loan has a flexi loan facility that lets you borrow money from the total loan amount per your needs, either in instalments or in one go. Besides, you can repay it at your convenience, without incurring hefty charges.
By helping you raise funds quickly without any delay
This debt consolidation loan from Bajaj Finserv comes with various features that help you instantly raise funds to repay debts as soon as possible. The eligibility for this personal loan is simple, and so it is easy to qualify for it. The loan comes with instant approval and a disbursal within 24 hours of that. It also allows you to avail of the loan on a pre-approved basis. This further expedites the speed at which you can access funds. Fill in your basic details and check out your pre-approved offer.
By making consolidation affordable and convenient
The personal loan interest rates are low and come with a long tenor. This further enhances its value with regard to debt consolidation. Also, with nominal foreclosure and prepayment charges, you can use any surplus income that you have to clear this loan even faster.
Additional Read: Personal Loan for Low CIBIL Score
Use the personal loan EMI calculator to evaluate whether this loan is in your budget and only then make your final decision. If you feel like your debt is growing at a reckless pace, don’t waste any more time. Use a debt consolidation loan and remedy the situation at the earliest.
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