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Lower Your Business EMIs Loan Consolidation 14.99% Onwards

Consolidate Your Loans up to ₹99 Lacs

 

 

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Customers Served icon

10 Lacs+

Customers Served

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4.7/5

Google Reviews

Pincodes Serving icon

10,000+

Pincodes Serving

Loans Disbursed icon

2000 Cr+

Loans Disbursed

A business loan consolidation is a loan that helps business owners in merging all their loans into 1. What if you have to pay just 1 EMI/ month? If you don’t want to pay multiple EMIs each month, you can consolidate all these loans into 1.

Through this loan consolidation, you can pay off all your liabilities and credit card outstanding amounts with a single payment each month.

Business Loan Consolidation Features

fast-approval

Consolidate Loans Up to ₹99 Lacs

quick-disbursal

100% online process, no paperwork required

attractive-rates

Flexible tenure up to 60 months

long-flexibility

Pay only 1 EMI per month

online-process

Quick loan approval

Who can Apply for Business Loan Consolidation

credit-score

A credit score above 700

age

Above 21 yrs and below 60 yrs

income

Minimum 2 years business existence

experience

One ownership is mandatory (residence or office)

Required Documents for Business Loan Consolidation

Identity Proof

Identity Proof

Any of the following

  • CheckPassport
  • CheckVoter ID
  • CheckDriving License
  • CheckPAN Card (Mandatory)
  • CheckAadhaar Card (Mandatory)
Address Proof

Address Proof

Any of the following

  • CheckAadhaar Card
  • CheckPiped Gas Bill
  • CheckElectricity Bill
Other Documents

Other Documents

  • CheckCurrent A/C Bank Statement (Last 1 Year)
  • CheckIncome Tax Returns (Last 2 Years)
  • CheckProof of Office Address
  • CheckProof of Business Existence
  • CheckGST Registration Certificate

Loan Consolidation Example

Megha is the owner of a clothing manufacturing company and has solid annual sales. However, because she had a shortage of liquid assets, she took several loans. She had 4 business loans and outstanding balances on 3 credit cards.

It was difficult for her to pay different EMI amounts on different dates each month. So, she chose to merge all her loans.

Current Loan Details

Loan TypeOutstanding AmountInterest Rate (p.a.)TenureMonthly EMI
Business Loan 12,75,00019%3 Years10,080
Business Loan 21,80,00022%4 Years5,671
Business Loan 33,45,00017%2 Years17,058
Business Loan 44,20,00010.5%5 Years9,027
Credit Card Outstanding (Up To 6 Cards)2,80,00030%3 Years11,886
Total15,00,00010.5% - 30%53,722

Before

Existing Loans Situation

Outstanding Amount:₹15,00,000
Average ROI (p.a.):16% - 36%
Total EMI₹52,117

After

Single New Consolidated Loan

Outstanding Amount:₹15,00,000
Interest Rate:13%
New Tenure:6 years
New EMI:₹30,111

Total Savings

₹20,006/month

Monthly EMI Reduced

₹52,117₹30,111

EMI Savings

42.22%

Repayment PeriodMinimum 2 years to Maximum 7 years
Annual Percentage Rate (APR)Minimum 15.99% to Maximum 19%
Processing Fees1% to 2%
Stamp Duty Charges₹ 500

Disclaimer : LoansJagat is a marketplace platform that connects users with its partnered banks and NBFCs. Loan approval and sanctioning decisions are made exclusively by the respective lender. A few of our Lending partners include Axis Finance, Tata Capital, Yes Bank, Bajaj Finserv, Poonawalla Fincorp, Aditya Birla Finance Limited, etc.

FAQs

All frequently asked questions related to Loan Consolidation

Office Location

Office Address

Registered :
5/2/8, First Floor, Geeta Colony, New Delhi - 110031

Corporate :
A12 and 13, First Floor, Office No 4, Sector 16, Noida, Uttar Pradesh - 201301

E-Mail :
support@loansjagat.com

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