Debt Consolidation Loan
A consolidation loan replaces several debts with one EMI. It helps only if the new total cost is lower than what you pay today.
Key Fact Statement: MudraHub does not set loan terms. The lending partner provides its Key Fact Statement (APR, all fees, tenure, repayment schedule, cooling-off and grievance details) before you accept any loan. Figures on this page are illustrative or indicative and are not an offer.
What to check
- Add up your current EMIs and interest
- Compare total cost, not just the EMI
- Check fees on closing existing loans
Illustrative EMI
| Loan / tenure | Illustrative EMI at 12% p.a. |
|---|---|
| ₹3,00,000 (3 yrs) | ₹9,964 |
| ₹5,00,000 (3 yrs) | ₹16,607 |
| ₹10,00,000 (4 yrs) | ₹26,334 |
Illustration only. Your actual rate, fees and EMI are set by the lender.
Related: Personal Loan Overview Personal Loan Interest Rates Calculators