Loan Consolidation

Loan consolidation / Balance Transfer is the process of combining multiple loans into a single loan with one monthly payment. This can simplify repayment and potentially lower the overall interest rate and monthly obligation.

Merits:

Converting multiple EMI into single EMI.
It lowers the Monthly EMI Payment.
Loan consolidation improves your CIBIL Score.

Document List for Loan Consolidation:

Preliminary Documents

Aadhaar Card, PAN card and KMC.
Latest one year Bank statement.
Latest 2 years ITR and Financials.
Existing loan Repayment track record and Loan foreclosure Statement.