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What is consolidation of loan?

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2023-05-14T20:59:05+00:00 2023-05-18T10:04:03+00:00

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Meenakshi

0 2023-05-18T10:31:45+00:00 May 18, 2023

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Consolidation loan is the act of using a new loan to pay off previous debts. By combining several debts into one, one can save money, pay lower EMIs and manage their finances better. For example if you have 4 credit cards and owe a debt of Rs 60,000, when you ask your lender for a consolidation loan, they will lend you the amount if only you qualify their eligibility criteria.to know more, you can read-

What is Debt consolidation?

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