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Clear Credit Card Debt with a Personal Loan for Debt Consolidation

  • Highlights

  • You can consolidate and pay your debt with a personal loan

  • You can borrow up to Rs 25 lakh and repay your debt

  • You can raise funds instantly with this loan

  • You can easily manage your personal loan online

Indians have recently been making credit card usage an integral part of their lives. Deeper introspection reveals that this is because credit cards increase spending power, simplify shopping, and give you easy access to funds in times of emergency. However, skipping credit card payments or simply paying the minimum amount will attract a hefty interest rate, which can escalate into sizeable debt over time. This will also have a negative impact on your credit score.

So, if you have substantial credit card debt, take corrective measures immediately. Use a debt consolidation loan, such as Bajaj Finserv's Personal Loan for Debt Consolidation, to clear it quickly. Apart from a high sanction, there are several other benefits such as a long tenor and flexible prepayment and foreclosure terms that you can enjoy. So, you can conveniently clear your debts, without weighing down your finances further

Additional Read: How Outstanding Debt Affects Your Credit Score

Take a closer look at how a debt consolidation loan can help you tackle credit card payments that are overdue.

It Helps You Borrow Without Any Collateral

The amount that you need may run into lakhs. However, you can get access to this amount with ease, without submitting any form of collateral. Bajaj Finserv gives you a debt consolidation loan on these terms, allowing you to borrow up to Rs.25 lakh.

It Eliminates Repayment Stress

Once you consolidate and clear your existing debt, you can breathe easy. Make use of the flexible prepayment and foreclosure terms, coupled with a lengthy tenor to clear the debt consolidation loan at your pace, without any hassle.

It Makes Raising Funds an Easy Task

When it comes to debt consolidation time is of essence. Most lenders recognise this, and so, they offer you a debt consolidation loan quickly, usually within a day. The simple loan procedure and minimal document requirements that lenders like Bajaj Finserv offer, aid in this process. Besides, you will receive the money directly into your bank account. This way, you don’t have to bother yourself with collecting or cashing a cheque.

Personal Loan for Debt Consolidation

It Allows You to Manage Your Loan Conveniently

All you have to do is log on to the customer portal with your user ID and password and you will be able to view your loan’s principal statements, balance and interest statements at your convenience. When you take a debt consolidation loan from one of the leading loan provider’s in the country, you will be able to access this information without contacting an executive or visiting the branch.

Additional Read: 4 Simple Ways to Manage Your Debt

These are some of the benefits that a debt consolidation loan offers, making it a worthy contender if your credit card’s outstanding amount has you concerned. However, before you apply for it, ensure that you understand the eligibility for personal loan and check if it’s a good match for you. Using the handy eligibility calculator will tell if you can avail this loan, and also the amount that you can borrow. You can also avail pre-approved offers by Bajaj Finserv that help you save time and get instant financing. Just enter your basic details and check out your personal loan pre-approved offer.

DISCLAIMER: The personal loan features mentioned in this article are subject to change, based on policy revisions. For the updated product details, please visit the Bajaj Finserv Personal Loan page here.


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Are you eligible for a personal loan for debt consolidation?