Debt Consolidation Loan
Combine multiple loans with Kotak Mahindra Bank’s Debt Consolidation Loan.

Combine multiple loans with Kotak Mahindra Bank’s Debt Consolidation Loan.
Kotak Bank provides debt consolidation online facility to our customers. Personal loan for debt consolidation can help manage your existing loans. Debt consolidation allows you to streamline different interest rates, installment payment dates and EMI amounts into a single loan and EMI. Debt consolidation online is easy and convenient.
There are many benefits of debt consolidation loan online. Here are a few important ones:
Debt loans require no guarantee from the borrower
Consolidation loans from Kotak Bank come with simple repayment terms and convenient EMIs
for debt consolidation is processed swiftly when you apply to Kotak Mahindra Bank
You can apply for Kotak Mahindra Bank’s debt consolidation loan online
You can easily apply for a debt consolidation loan by following these simple steps;
Remember, your eligibility matters for approval of a debt consolidation loan.
Debt consolidation has many benefits. But consolidation loans can add to your financial problems if you miss these points:
Prepayment fees charged by your existing lending banks can increase the expense of your debt consolidation loan.
Check as it helps in managing your repayment schedule better.
You must be diligent in keeping a check on your credit score, as it can be a decisive factor in loan disbursement.
You should be eligible to borrow a debt consolidation loan and submit the necessary documentation.
Eligibility: Graduation, one year’s work experience, Rs. 20,000 salary, one year residence in the city of application
Documentation: Proof of Identity, Residence, Income
Personal loan eligibility criteria:
Age: 21 to 60 years
Education: Graduation
Employment: MNC/Public Limited Company/Private Limited Company
Work Experience: 1 year
Salary:
Corp Salary: Rs. 25,000
Non-corp Salary: Rs. 30,000
Kotak Employees: Rs. 20,000
Personal loan documents list is as below:
ID Proof: PAN/Aadhar/Passport/Voter’s ID/Driving License
Residence Proof: Passport/Utility Bills/Leave and License Agreement
Income Proof: Bank Statements/Salary Slips
A debt consolidation loan combines all your existing debts into a single loan, thereby creating a convenient and single monthly instalment. You could even avail of better loan terms and interest rates, provided you are a creditworthy borrower.