Debt Consolidation

Fold every EMI into one you can actually track.

Multiple credit cards and loans, multiple due dates, multiple interest rates — a debt consolidation loan folds them into a single lower monthly instalment, so you're paying down debt instead of juggling it.

Apply Now Calculate EMI

Up to ₹30L

Loan range

11%+

Starting rate

1–5 Yrs

Tenure

1 EMI

Instead of many

Why choose this with us

Benefits built around the borrower.

A short list of what actually changes when you apply through Financeway instead of walking into a branch.

One EMI, not five

A single monthly payment replaces scattered dues across cards and loans.

Often a lower blended rate

Credit card interest (30–45% p.a.) is typically far higher than a consolidation loan (11–19% p.a.).

A clear payoff timeline

Unlike revolving credit card debt, a term loan has a fixed end date.

Protects your credit score

Consolidating before missed payments pile up prevents further score damage.

Doorstep processing

We collect statements from all your existing debts and handle the paperwork.

No new spending temptation

Old cards can be closed or limited post-consolidation, breaking the cycle of re-accumulating debt.

Loan Instrument

See your EMI before you apply.

Move the sliders — the split between principal and interest updates in real time.

Loan Amount ₹800,000

Interest Rate (p.a.) 15.00%

Tenure 48 months

Apply at this EMI →

Estimated Monthly EMI

₹21,494

● Principal
₹10,00,000

● Interest
₹2,89,640

Debt Consolidation

What you'll need

Keep these ready to speed up your application.

Documents Required

Keep these ready — our representative collects them at your doorstep.

PAN & Aadhaar Card
Statements for all loans/cards being consolidated
Last 3 months' salary slips / ITR
Last 6 months' bank statement
Passport-size photograph
Existing EMI / minimum-due schedule

Eligibility Criteria

A quick self-check before you apply.

Stable monthly income to support the new consolidated EMI
Credit score of 650+ (some flexibility vs standard personal loans)
Total outstanding debt within the lender's consolidation limit
No ongoing settlement or write-off on existing accounts
Age between 21–58 years

Questions

Frequently asked questions

Short-term, a hard enquiry causes a small dip; medium-term, replacing high-utilization card debt with a term loan and paying it consistently usually improves your score.

Both — most consolidation loans are designed to cover multiple credit cards, personal loans, and other unsecured debt in one go.

It's still worth exploring — lenders assess consolidation cases individually, and resolving scattered high-interest debt is often viewed favourably even with some past friction.

Not always necessary, but reducing available limits (rather than closing entirely, which can affect score) helps prevent re-accumulating the same debt.