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Smart Debt Consolidation Loans

You can get a pre-approved debt consolidation loan from Monexo by following a few simple steps,

  • Sign-up for a Monexo Account and complete the loan application
  • Accept the loan quote from Monexo
  • Your loan is approved and sent to the P2P marketplace investors
  • The amount is disbursed to your bank account.

Sometimes, we accumulate a number of small debts in form of credit card repayments, personal borrowings, etc. A debt consolidation loan helps you avoid the financial hassles of dealing with all these repayments by converting all these debts into a single one. Now you can pay off all your sundry liabilities with a single optimized EMI.

Benefits of Monexo Debt Consolidation Loans

100% online application process

100% online application process

Minimal documentation requirements

Minimal documentation requirements

No hidden charges

No hidden charges

Zero Prepayment Charges

Zero Prepayment Charges

Interest rates as low as ₹1.21 per day* (12.98% p.a.)

Interest rates as low as 12.98% p.a.

Payback period of 6 to 36 months

Payback period of 6 to 36 months

Eligibility for Debt Consolidation Loans from Monexo

 

Getting a debt consolidation loan has never been easier, you can get your loan approved in a matter of minutes if you meet the following requirements.

  • Minimum monthly take-home salary of ₹15,000/-
  • Salary should be credited via a bank transfer, and
  • A minimum work experience of 3 months

Documents Required for Debt Consolidation Loan Approval

 
  • Digital copy of your Aadhar Card and PAN Card
  • Latest address proof
  • Last 2 months' salary slips
  • Bank Statement showing salary credit for the last 3 months

Why pay high interests on your credit cards and existing loans? Consolidate all credit card and loan outstanding and pay at an affordable rate. Our quick and convenient Debt Consolidation Loan comes at a low interest rate with no hidden fees.