Loans

Debt Consolidation
Onward 9.00%.

Debt consolidation is a process where you combine multiple loans or debts into a single loan. Instead of paying many EMIs, you only pay one monthly payment. It usually helps to reduce interest rate and makes repayment easier to manage. This is useful when you have several debts and want better control of your finances.

Application

Please provide your details for quick funding assessment.

Debt Consolidation Loan Eligibility Criteria

Understand the complete eligibility structure for debt consolidation loan, including income, employment, credit score, and repayment behavior requirements.

What do you mean by Debt Consolidation Loan Eligibility Criteria?

If you are unable to manage multiple loans or missing different EMI payments, debt consolidation is the right solution. It allows you to combine all your debts into a single loan and pay only one EMI every month.


This helps improve cash flow management, reduce stress of multiple payments, and makes repayment simple and organized.


Before applying, applicants must meet basic eligibility requirements such as income, job stability, credit score, and repayment history.

Debt Consolidation Loan Eligibility Criteria

  • Age should be between 21 to 60 years
  • Applicant must be employed in government or private sector (listed companies)
  • Minimum monthly salary should be ₹25,000 or above
  • Minimum 2 years total work experience (1 year in current job)
  • Good credit history is required
  • Applicant must be a resident of India

Key Requirement Factors

  • Proper documentation is mandatory for approval
  • Stable income source improves eligibility chances
  • Clean repayment history increases approval probability
  • Low or controlled existing debt is preferred

Factors Affecting Eligibility

Incomplete Documentation

Missing or incorrect documents can lead to rejection. Proper paperwork is essential for smooth approval.

Payment Behavior

Late payments, defaults, or irregular EMI history can negatively affect credit score and eligibility.

Ways to Increase Eligibility

Required Documents

Documents Required for NBFC Funding Processing

Keep the following documents ready for faster approval and smooth verification. Select your applicant type and check the complete checklist.

Individual

Personal Applicant
  • Photographs (2)
  • PAN Card Copy
  • Aadhaar Card + Passport
  • Address Proof (If rented also permanent address proof)
  • Last 3 Years Form-16, ITR with Computation of Income (If filed)
  • Last 1 Year Bank Statement - Salary Account
  • Loan Schedule & Sanction Letter (If running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in favour of Bank
  • Brief History of Company
  • ISO 9001:2000 Certificate / Factory Act Registration / IEC Code Registration
  • Party wise sales in last 12 months
  • Recent Trial Balance (Including Creditors & Debtors)
  • Customer Aging Report (All Customers)
  • Last 3 Months Salary Slip + Appointment Letter

Prop Firm

Business Applicant
  • Photograph (Both)
  • PAN Card Copy (Proprietor)
  • Address Proof (Passport / Voter ID / Aadhaar)
  • Office Address Proof (Electricity Bill / Telephone Bill)
  • Firm Registration Certificate & GST Registration Copy
  • Last 1 Year GST Return Copy
  • 3 Years ITR, Profit & Loss, Balance Sheet, Tax Audit Report, Annexures
  • Provisional Financial AY 2019-20
  • Bank Accounts (Current / CC / OD - Last 1 Year Updated)
  • 6 Months Saving Account Statement (Proprietor)
  • Loan Sanction Letter & Repayment Schedule (If running)
  • Agreement to Sell Copy
  • Property Papers with Chain & Sanction Map
  • Brief History of Company
  • ISO Certificate / Factory Act Registration / IEC Code Registration
  • Party wise sales in last 12 months
  • Recent Trial Balance (Including Creditors & Debtors)
  • Customer Aging Report (All Customers)
  • Invoice + Purchase Order + Shipping Document + POD + Remittance Advice (Same Invoice sets)

Partnership Firm

Partnership Business
  • Photograph of Partners
  • PAN Card - Company & All Partners
  • Address Proof - All Partners (Passport / Voter ID / Aadhaar)
  • Firm Address Proof (Latest Utility Bill)
  • Partnership Deed Copy
  • GST Certificate
  • GST Return Last 1 Year
  • 3 Years ITR, Profit & Loss, Balance Sheet, Audit Report (3CB/3CD)
  • Provisional Financial AY 2019-20
  • All Partners ITR + Computation (3 Years)
  • Firm Bank Statement (1 Year Updated)
  • All Partners Saving Account Statement (6 Months)
  • Loan Sanction Letter (If running)
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Map
  • Brief History of Company
  • ISO Certificate / Factory Act Registration / IEC Code Registration
  • Party wise sales in last 12 months
  • Recent Trial Balance (Including Creditors & Debtors)
  • Customer Aging Report (All Customers)
  • Invoice + Purchase Order + Shipping Document + POD + Remittance Advice (Same Invoice sets)

Pvt. Ltd.

Corporate Applicant
  • All Directors Photograph
  • PAN Card - Company & All Directors
  • Address Proof – Company & Directors
  • List of Directors & Shareholders (CA Certified)
  • Memorandum of Association (Complete Copy if applicable)
  • GST / Sales / VAT / SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors ITR & Computation (Last 3 Years)
  • Last 3 Years Financial with Tax Audit Report and Annexure
  • Provisional Financial FY 2019-20 / Monthly Sales (Last 1 Year)
  • Company Bank Statement (1 Year Updated)
  • All Directors Saving Account Statement (6 Months)
  • Loan Sanction Letter & Repayment Schedule (If running)
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Sanction Map
  • Brief History of Company
  • ISO Certificate / Factory Act Registration / IEC Code Registration
  • Party wise sales in last 12 months
  • Recent Trial Balance (Including Creditors & Debtors)
  • Customer Aging Report (All Customers)
  • Invoice + Purchase Order + Shipping Document + POD + Remittance Advice (Same Invoice sets)
EMI Calculator

Calculate Your Monthly EMI

Instantly estimate your monthly EMI, total interest payable, and total repayment amount for your Loan Against Property application.

Monthly EMI

₹0

Total Interest

₹0

Total Payment

₹0