Debt Consolidation Loan in Ahmedabad
Single Debt Solutions & One EMI Loan Consultant
Debt consolidation is a smart financial strategy that combines multiple existing loans, such as personal loans, home loans, mortgage loans, and credit card bills, into a single loan with a single EMI, arranged through a professional debt consolidation loan consultant. This simplifies debt management, reduces interest rates, improves cash flow, and helps you regain financial stability. Whether you are looking for debt consolidation loans in India, loan consolidation India, online debt consolidation loans, or personal loan consolidation, this approach offers a structured and affordable repayment plan.
By choosing consolidation, you eliminate the stress of multiple due dates, high interest charges, and penalty fees. Instead, you make one easy monthly payment, ideally at a lower interest rate. This is also known as single debt, loan consolidation, personal debt consolidation, or solutions offered by a single debt company, and is widely used to reduce financial burdens.
For example, one of the clients, Mr. Vijay, works for a private company and earns a monthly salary of Rs. 60,000. Currently, he has a home loan, a Car loan, and multiple personal loans running with banks. Moreover, he has 3-4 bank credit cards with a limit of 3 lakhs, and he has fully utilised their limits, paying an average annual interest rate of 36%. Assuming a monthly utilisation amount of Rs. 3 lakhs, he must pay the minimum amount due, which is 5% (of the utilised amount), which is Rs. 15,000.
So, here our client is paying the Total EMI of Rs. 63,139 + Credit card due of Rs. 15,000 = Rs. 78,139. He was very tense as his monthly income is only 60k and his monthly obligation is 78k. He was tense as he had to arrange an excess amount over his fixed salary. However, after debt consolidation (closing all the loans into a single loan through a professional debt consolidation agent), the revised EMI would be Rs. 45,385 only.
With an almost 42% reduction in EMI, the monthly saving would be Rs. 14,615. This is the magic of debt consolidation loans, especially when you apply for a debt consolidation loan online with expert help. Now, the client is tension-free and enjoying life. This can be done through an expert team of Moratorium Financial Services.
Why Debt Consolidation Is Needed?
| Loan Type | Existing Loan Amount | Old Interest Rate | Old EMI | New Interest Rate (After Consolidation) | New EMI |
| Home Loan | ₹30,00,000 | 9% | ₹26,992 | 7.50% | ₹22,170 |
| Car Loan | ₹5,00,000 | 10% | ₹10,624 | 8% | ₹4,182 |
| Bank Personal Loan-1 | ₹5,00,000 | 15% | ₹11,895 | 11% | ₹9,517 |
| Online Personal loan-2 | ₹1,30,000 | 24% | ₹6,873 | 11% | ₹2,474 |
| Online Personal loan-3 | ₹70,000 | 28% | ₹6,755 | 11% | ₹1,332 |
| All banks credit cards- 3 | ₹3,00,000 | 36% | ₹15,000 (Minimum Due) | 11% | ₹5,710 |
| Total | ₹42,50,000 | Varies | ₹78,139 | Avg- 9% | ₹45,385 |
Real Case Study: Our Client Saved ₹14,000 Every Month
Situation | Why Is It the Right Time? | Vijay’s Case |
Managing Multiple EMIs Becomes Difficult | Too many due dates make tracking payments stressful. | Vijay had 6 EMIs on different dates, making it hard to manage. |
High Interest Rates On Existing Loans | A lower consolidated loan rate can result in lower monthly payments. | He was paying an ROI of 15%, 28% and 36% interest on credit cards, while a single EMI offered 10%. |
Need Better Cash Flow | Lower EMI means more money for savings and expenses. | After Debt Consolidation saved ₹14,000 per month. |
Frequent Late Payment Penalties | One fixed EMI reduces the risk of late fees and helps maintain a good credit score. | If he missed the credit card dues, then he has to pay late payment fees and penalties for EMI |
Planning A Big Financial Goal | Helps manage funds for major expenses, such as a house or business. | Now, He can able to save a decent amount, so he can plan for future goals |
This is the true power of debt consolidation: simplifying scattered loans into one, a process usually supported by a debt consolidation loan provider.
Benefits of Debt Consolidation
Types of Consolidation Loans
- Unsecured Personal Loans: The most common form of debt consolidation loan, which does not require collateral. It's generally done through Personal loans or Business loans.
- Secured Loans: Can be obtained through secured loans, such as property loans, home loans, top-ups, or mortgage loans. Both unsecured and secured options help borrowers who want to apply online for a debt consolidation loan, including cases with bad credit, depending on eligibility.
Document Requirement for Debt Consolidation
| Salaried Person | Self Employed |
ID Proof | PANCARD | PANCARD |
Address Proof | Passport /Voter ID card / Driving License | Passport /Voter ID card / Driving Licence |
Registration Proof | Company ID Card | GST Certificate / MSME Certificate/ Gumastadhara |
Income Proof | Last 3-month Salary slip | Last 12-month GST Return |
Banking | Last 12-month Salary banking | Last 12 months Current & Savings bank account statement |
ITR | Last 2 years ITR or Form 16 | Last 2 years ITR along with computation of income, Balance Sheet and P & L Ac |
Repayment Track Records | Last 12-month EMI banking or SOA of all live loans | Last 12-month EMI banking or SOA of all live loans |
Why Choose Moratorium Financial Services for Debt Consolidation?
As a financial service provider and trusted debt consolidation loan consultant, we help clients obtain personal loans from various banks/NBFCs, having established relationships with all financial institutions and maintaining strong ties with them. We can provide faster processes and smooth services at the client’s doorstep across all locations. (Pan India).
With vast experience, we provide services tailored to our customers’ requirements. We will suggest a bank/NBFC to the client, taking into account the customer’s profile and financial eligibility & we help Clients get the best offer from banks.
This solves clients’ financial problems.
Our motto: “Not to lend, but to help.”
Debt Consolidation Loan in Ahmedabad – Become Debt-Free Faster
Whether you want to consolidate personal loans, close high-interest online loans, or pay off heavy credit card debts, Moratorium FinServ helps you secure the right consolidation loan with the lowest possible interest rate. You can also apply for a debt consolidation loan online through our guided process.
We assist with:
- Personal loan consolidation
- Loan against property for consolidation
- Mortgage loan restructuring
- Credit card closure solutions
- Single EMI planning
- Help with applying for debt consolidation loans in India
- Connecting you with the right debt consolidation loan providers
With our expertise, you regain control of your finances and significantly reduce debt stress.
FAQs – Debt Consolidation Loans
A single loan is used to consolidate all existing debts, including credit cards and personal loans, into one EMI offered by banks, NBFCs, and debt consolidation firms.
Yes, Moratorium FinServ allows you to apply for a debt consolidation loan online with quick digital processing.
Yes, it lowers your monthly outflow by reducing interest and consolidating loans into a single EMI.
Personal loans, business loans, or secured loans, such as a Loan Against Property.
Yes. A single structured EMI helps improve CIBIL over time.
Salaried, self-employed, and business owners with regular income and a stable profile. Even borrowers with bad credit who need debt consolidation loans may find options through NBFCs.