fbpx

personal loan in india

How To Reduce Personal Loan Interest Rate in 3 Days

Worried about the sky-high interest rate on existing loans? Read our blog on how to get lower interest rate for Personal Loan in India.

How To Reduce Personal Loan Interest Rate in 3 Days

Written by MyFinPartner

Loans make life easier by making you capable of fulfilling your dreams and meeting the financial requirements during emergencies. But multiple loans can make it hectic to manage different rates of interest and due dates. Apart from that, some loan schemes come with higher rates of interest which can make it unbearable at any point. And these reasons are enough for you to opt for debt consolidation and balance transfer.

Personal loan interest rate

What Is Debt Consolidation?

Debt consolidation is a convenient process that allows you to merge all of your existing loans and get a single loan of that amount to repay the existing loans. It is convenient because you can opt for a new loan with flexible tenure and a lower rate of interest.

 

How Can Debt Consolidation Help You?

You can get a personal loan in India to help you consolidate your existing debts. And this consolidation can help you in the following ways.

  • Clear All Of Your Debts At Once-

Debt consolidation helps you to remit all of your loans at once. You can have multiple loans at a time like educational loans, business loans, car loans, etc. All of them have different rates of interest and tenure. So you can make yourself free from all those burdens at once.

  • Get Rid Of High Credit Card Rates-

The lifestyle you choose comes at a certain cost. And you manage multiple credit cards to maintain that lifestyle. But those credit cards often charge high rates of interest that can be heavy on your pocket to repay. So, it’s better to consolidate those credit card debts into one personal loan at a lower and easy rate of interest.

Apart from these, debt consolidation has other benefits too.

  1. Personal loans are collateral-free, so you don’t have to produce any security for debt consolidation.
  2. You can retrieve your mortgages easily. As you can have loans with collateral, debt consolidation allows you to get your collateral back before pre-decided tenure.
  3. You can get a longer tenure than your existing debts.

personal loan interest rate 2

 

What Is a Balance Transfer?

Is your existing lender charging a higher rate of interest on your loans? Well, you can transfer your existing loans to another lender with the help of a balance transfer facility. Hence you’ll be able to repay the balance of your loan at a lower rate of interest. And Roopya can help you with this.

 

How Can Roopya Help You To Reduce The Loan Interests?

Getting an instant personal loan in India at Roopya was never rocket science as we have simple eligibility criteria, competitive interest rates, multiple lenders, and flexible tenures. You can apply for a personal loan in India that gets instant approval and quick disbursal. Now we are glad to assure you that we can reduce your loan interest within three days. All you have to do is to approach us for debt consolidation and our website will lead you to HDFC Bank. HDFC Bank charges the lowest rate of interest on debt consolidation. And the whole consolidation process starting from the application to disbursal will take only three days. It means you can reduce your loan interest rates within 3 days.

However, it will be truly beneficial for you to consolidate debts or transfer balances if you have long tenure and a high-interest amount to repay. And to get a personal loan in India online, Roopya will be always at your service.

 31,889 

Leave a Comment

Your email address will not be published. Required fields are marked *

Leave a Comment

Your email address will not be published. Required fields are marked *

Personal Loan

Cash Credit Loan: Procedure, Eligibility and Advantages

A cash credit loan is a financial scheme that has been introduced to

March 9, 2022
Personal Loan

What is Consumer Durable Loan for Electronics?

When we think of electronics, the first thing that comes to mind is

March 8, 2022
Personal Loan

Get an Instant Personal Loan in 10 Min

Get an instant loan in just 10 mins with Roopya. No paperwork is

March 7, 2022