Multiple EMI, One Solution!! Debt consolidation explained #loans

Debt Consolidation: One EMI, Less Stress Tired of juggling multiple EMIs for your credit card, personal loan, and bike loan? Debt consolidation lets you replace 3–4 loans with one personal loan at a lower interest rate (often ~11–12% depending on profile). Result: one EMI, lower cost, faster payoff. Why it works Single EMI = easier cash-flow management Lower average interest rate vs. credit card APR Better focus to become debt free How to do it (India) 1. Check CIBIL score 720+ for best rates 2. Compare banks/NBFCs, processing fees, and foreclosure charges 3. Choose a shorter tenure you can still afford 4. Automate payments and pause new credit card spends 5. Avoid teaser rates that jump later; read the loan agreement Good for: salaried employees with high-interest credit card debt or multiple EMIs Avoid if: you won’t change spending habits—otherwise it becomes another debt trap Follow @financewithmeghabung for smart, debt-free money habits. debt consolidation India, merge EMIs, balance transfer, loan refinancing, personal loan interest rate, CIBIL score, NBFC vs bank, credit card debt payoff, budgeting, debt freedom #debtconsolidation #EMI #creditcarddebt #personalloan #personalfinanceindia