How a Debt Consolidation Loan Can Help You Repay Your Dues

In 2016, the National Sample Survey Office found that as per data from 2013, 31.4% of Indian rural households and 22.4% of urban households in India carry debt. What’s more, 40% of all rural loans bear compound interest, which can cripple one’s finances. These statistics are a clear indicator of how a major section of the Indian population is accumulating debt. A by-product of this is that multiple EMI payments create repayment burden. Not only do you have to remember all EMI deadlines, but you also have to take into account the rising interest payments. However, you can ease debt-related stress by consolidating all your debts with one loan, such as Bajaj Finserv's Personal Loan for Debt Consolidation which gives you money in your account in just 24 hours.

This debt consolidation loan helps you tackle various overdue payments with ease in the following ways.