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Debt Consolidation Loan

Debts increase financial burdens making daily life stressful. It can be a long due credit card bill, repayment of cash to a relative or paying off the rent, any liability is a debt that should not be left unpaid. High debts can hamper CIBIL score. So, it is advisable to clear off other loans or credit card bills as affordable monthly EMIs, instead of piling up and increasing the interest rate.

If there is a shortage of money to clear the debt, an easy way out is opting for a debt consolidation loan. It allows multiple debts tolling into single payment. This allows you to reorganize all your financial issues and pay the debts. The online market for personal loan is open to all who can afford to take a loan and pay back. Personal loan for debt consolidation is a great financial support to pay off all the scattered debts with the amalgamation of just one personal loan.

Simply Cash, a secured personal loan app in India is easy to use and recommended for debt consolidation. Individuals seeking urgent funds can register and apply for a quick personal loan up to 1,50,000 without any physical documents and collateral.

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Why personal loan for debt consolidation?

The benefits and features of personal loan are varied. It relieves you from the financial burden hampering the monthly budget in anyway:

Quick approval

Online instant loan apps provide fast loan approval within 24 hours of duration. It is quick, as no security and no physical documents are required.

Collateral free-

When borrowing a personal loan, you do not have to worry about any collateral or security submission against personal loan unlike other financing options.

Quick approval

After the submission and verification of personal loan application, the loan is approved immediately without any further delay.

Instant loan disbursal

Loan amount is instantly disbursed within 24 hours or even within a few minutes depending upon documents verification, credit score or relationship with your lender.

Flexible repayment tenure

Personal loan repayment tenure for debt consolidation is flexible for the borrowers. Use the loan EMI calculator to customize your repayment tenure.

Minimal documentation

Instant personal loan is simple and quick to acquire with limited documentation. If the process is carried out online via instant loan apps and websites, it involves paperless documentation

Documentation and Eligibility Criteria for Debt Consolidation

Majority of the people evade loan for the fear of limitless documentation and long procedure. But online instant personal loan process has made it simple enough for an individual to get attracted towards personal loan. The nominal loan documentation process may urge you to borrow personal loan for debt consolidation at the earliest:

  • 1

    Duly filled and signed application form

  • 2

    Photo ID Proof that includes Voter id/ Driving license/ Passport/ Aadhar card

  • 3

    PAN card for financial background

  • 4

    Company address and professional details

  • 5

    Residence proof that includes ration card/ passport/ driving license/ electricity bill

  • 6

    Last 6 months bank statement or salary slip for salaried

  • 7

    For self-employed last 6 months bank transaction

  • 8

    Borrower must be a citizen of India

  • 9

    Borrower must be in an age limit of 21-58 years

  • 10

    Borrower should reflect work stability in the professional profile

Debt consolidation loan is a perfect idea if you are loaded with innumerable loans and debts that are difficult to manage and incurring penalty charges. Download Simply Cash to avail debt consolidation loan with easy to pay EMIs and minimal formalities

Note: If You are in the age group of 21 – 58 years and have a minimum monthly income of ₹ 15,000 then you are eligible for a Personal Loan from SimplyCash. No physical documentation and meetings required, apply for a Personal loan today.
SimplyCash documentation and eligibility criteria is much simpler, to know details click here

How to Apply for Debt Consolidation Loan via Simply Cash

Simply Cash is a new age personal loan app helping borrowers with instant loan facility. Depending upon the requirement of debt consolidation loan, you can borrow up to 1.5 lakhs via Simply Cash. Here is how you can apply for personal loan via the Simply Cash app:

How to Apply for Education Loan
  • Download the Simply Cash app in your phone from Google Play Store

  • Register with your email id and mobile number.

  • One-time password is received for verification

  • Add KYC details and get real-time credit assessment

  • Get loan approved and disbursed instantly during business hours

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Accepted Banks:

ICICI BANK LTD HDFC BANK LTD AXIS BANK IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK

EQUITAS SMALL FINANCE BANK LTD KOTAK MAHINDRA BANK LTD IDFC FIRST BANK LTD UJJIVAN SMALL FINANCE BANK LTD BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK RBL BANK LTD BANK OF MAHARASHTRA DEUTSCHE BANK AG PAYTM PAYMENTS BANK LTD CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD AU SMALL FINANCE BANK LTD CITI BANK BANDHAN BANK DHANALAXMI BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK JANA SMALL FINANCE BANK LTD UCO BANK

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