If you're juggling EMIs across multiple personal loans, credit cards, and other unsecured debts, a debt consolidation loan combines them into one new loan with a single monthly payment — often at a more manageable blended interest rate.
✅ Why Choose This Option
- One EMI instead of several separate repayments
- Potentially lower overall monthly outflow
- Simplified tracking across all your debts
- A structured, disciplined path toward becoming debt-free
Who Can Apply
- Salaried or self-employed individuals with multiple existing unsecured loans or credit card dues in good standing
- Eligibility and the consolidated loan amount depend on income, existing obligations, and credit profile
Documentation Required
- KYC for Individuals: PAN Card, Aadhaar Card, passport-size photographs
- Firm KYC:
- Proprietorship: GST registration, Udyam
- Partnership: GST registration, Udyam, Partnership Deed, Form C (if applicable)
- Company: GST registration, Udyam, COI, MOA, AOA, List of Directors and Shareholders
- Trust: Trust Deed, Trust Registration, List of Trustees
- Income proof (salaried): last 3 months' salary slips, Form 16 (2 years), bank statements (6 months)
- Income proof (self-employed): last 3 years' ITR with computation, Balance Sheet & P&L, Audit Report
- GST returns for last 12 months, PDF bank statements (12 months)
- Property documents: Title deeds, approved building plan, latest property tax receipt, jamabandi or any other relevant property document
- Loan Sheet and Sanction Letter/Schedule/SOA of all running loans
This list is indicative. Additional documents may be requested based on your profile. Your relationship manager will share the final checklist.
EMI Calculator for Debt Consolidation
Estimate your monthly EMI, view the full repayment schedule, or download it.
Monthly EMI
₹0
Total Payment: ₹0
Total Interest: ₹0
Note: This is an indicative calculator. Final EMI may vary as per lender policy and applicable charges.
⚠️ Important Regulatory Notice
Fynmate acts as a loan facilitator and does not itself sanction, underwrite or disburse loans. We are not a bank or an NBFC. Loan approval, sanctioned amount, interest rate and terms are entirely at the sole discretion of the lending bank/NBFC, based on their independent credit appraisal of your application.
As per RBI's Key Fact Statement (KFS) requirement, lenders are required to provide a standardised summary disclosing the Annual Percentage Rate (APR) and all applicable charges for retail and MSME loans. Please review the KFS carefully before accepting any loan offer.