Debt consolidation loan is a loan which can be taken in order to pay off other debts. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI. It is a fresh loan which you borrow from LoanMoney, in order to clear off all the other existing smaller loans. The debts can be unpaid medical bills, credit card dues or any other kind of loan. LoanMoney facilitates debt consolidation programs, in order to help people in consolidating multiple debts into one major loan. For example, let's assume there is someone who has many small informal debts or credit card dues (with very high monthly interest rate) causing him financial imbalance and trouble in budget management. In order to save himself from this trouble, he can take a loan through LoanMoney and fully repay all these debts turning multiple monthly EMI's to a single EMI. These EMIs are usually cheaper than these multiple debts.
Registering and applying for a personal loan on LoanMoney is a very quick and hassle-free process..
Reasonable interest rates
Interest rates depend on our credit assessment that includes understanding your financial stability. A borrower with a healthy credit rating can get a loan at an interest rate of as low as 11.49% per annum.
No pre-closure fees
Unlike banks and NBFC', here you can prepay the loan earlier than its age without any penalty or pre-closure fees.
Eligibility Required Documents
In order to apply for a debt consolidation loan with LoanMoney, you must meet the following eligibility criteria.
LoanMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division.
LoanMoney can provide Personal Loan for Debt consolidation purpose from:-
Personal Loan is a type of unsecured loan and helps to meet your current financial needs. You don’t need any security/collateral while availing it. Personal loan gives you the flexibility to use the funds as per your convenience and need. It is commonly used to meet such financial, needs as debt consolidation, wedding expenses, unexpected medical costs, home renovation and others. Flexibility of usage minimal documentation and quick processing make Personal loan a preferred financing option. Now, you can meet all your financial needs without any hassles!
LoanMoney is one of the leading Loan agency in Delhi NCR. It offers different types of Loans like Personal Loans, Business Loan, Home Loan, Loan against property and others where no guarantor is required. Our aim is to make financial products affordable and easily accessible to the common man and to provide innovative ideas while providing Loans to the customer from different types of bank and NBFCs. We are a team of young and energetic professionals who have come together from diverse backgrounds such as investment banking, consulting, technology and management to energise the Personal credit sector in India.
LoanMoney associates with multinational banks like Deutsche bank, Standard Chartered, HSBC etc; Indian Private Banks likes HDFC bank, ICICI bank, Axis Bank, Yes Bank etc; Non Banking Financial Companies likes India bulls, Bajaj Finserv Reliance Capital, First Blue etc; Nationalised Bank likes Punjab National Bank, State Bank of India, Canara Bank etc.
LoanMoney’s main objective is to connect borrowers (Person or Company looking for Personal Loan, Home Loan, Loan Against Property, Business Loan) and lenders (Nationalised Banks, Private Banks, Non Banking Financial Company) & to form a network of financial marketing. LoanMoney facilitates that Loan Approval, Disbursement and Management can become much easier with an efficient lending process. We always try hard to provide our customer a transparent, convenient and efficient loan approval and disbursement process. Moreover, we help you to save your time as our process is fast, reliable, private and convenient. We have already served numerous loan seekers, and have helped them in acquiring Loans that are attractive and have low interest rate.
Easily Available- Processing the Loan from Loan Money is very easy and convenient. LoanMoney offers the Loan at a very reasonable interest rate.
No Agent or Middleman Charges- LoanMoney doesn’t charge against the customer for the approval of your Loan. LoanMoney as your Loan Agency help you to avoid unnecessary delays and expenses.
Unsecured Loan- There is no collateral security required in order to get the Loan from LoanMoney. All that is required is your ability to pay back the money. You are not required to mortgage any of your assets or provide for any kind of guarantee. LoanMoney will try it best to ensure that your repayment ability and will process the Loan.
Less Processing Time- LoanMoney guarantees that the processing time involved in getting different types of Loan is very less.
Minimum Paperwork- LoanMoney ensures that processing a Loan from LoanMoney does not require verification of any asset or any other kind of proofs and certificates that involve a lot of paperwork.
Schemes and Offers- LoanMoney keeps you updated with special schemes and offers regarding the process of different kinds of Loan.
Hassle Free Processing- LoanMoney ensures hassle free process. You don’t have to visit the branches. A LoanMoney representative will collect all the documents from your doorstep. A LoanMoney representative will be in touch with you till the approval and disbursement of your Loan.