Guides & Tips

Debt Consolidation: Combine All Your Debts into One

Managing multiple loans and credit cards? Debt consolidation combines all your debts into a single personal loan with one EMI, often at a lower interest rate.

Danish MirzaFounder, Unyfy14 years in Indian banking and fintech

What Debts Can You Consolidate?

Types of debt suitable for consolidation.

Credit card outstanding (most common)
Multiple personal loans
Two-wheeler or consumer durable loans
Store credit/EMI cards
Peer-to-peer borrowings

Benefits of Debt Consolidation

Why consolidation makes sense.

Single EMI instead of multiple payments
Lower overall interest rate
Clear debt-free date
Easier budget management
Improve credit score (lower utilization)

How to Consolidate Your Debts

Step-by-step consolidation process.

List all debts with balances and rates
Calculate total consolidation amount needed
Apply for personal loan through Unyfy
Use loan to pay off all existing debts
Pay single EMI going forward

Who Should Consolidate?

Consolidation is right for you if:

You have 3+ active debts
Average interest rate above 15%
Struggling to manage multiple due dates
Want a clear debt-free timeline

Ready to consolidate your debts? Apply through Unyfy and get a single loan to pay off everything.

Debt Consolidation

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