Unlock Financial Tools, Investment Insights, And Expert Guidance – All In One Convenient App !
Visit Our ABCD Page
PLAY STORE
APPSTORE
1800 270 7000
Download
Health Insurance
Housing Finance
Life Insurance
Mutual Funds
Personal Insurance
SME Finance
Stock & Securities
Home LoanFind customised home loan solutions for your unique needs
Balance TransferFind a better interest rate for your existing home loan
Top up Home LoanGet a loan on your existing home loan to meet your needs
Loan Against PropertyTurn your assets into a financial ally
Personal LoanMeet all your dreams and needs with a collateral-free Personal Loan
Flexi LoanMake loan repayment flexible and hassle-free with Flexi Loans
Instant Personal LoanGet quick funds with Aditya Birla Capital Instant Personal Loan
Long Term Personal LoanEnjoy affordable repayments and a flexible tenure with Aditya Birla Capital
Personal Loan EligibilityCheck your Aditya Birla Capital Personal Loan eligibility
Personal Loan Interest RatesEnjoy low personal loan interest rates for affordable repayments
Are you eligible for a Personal Loan? Find out now!
Calculate Now
Secured Business LoanBoost your business with competitive rates & flexible terms
Line Of CreditGet anytime funds, quick approval, & ongoing support with Line of Credit
Working Capital LoanStrengthen your business cash flow with quick access to funds & flexible repayment options
Supply chain financing Solution - Invoice DiscountingImprove your cash flow & gain quick access to funds by discounting your invoices
Unsecured Business LoanFuel your business with fast approval & flexible terms
Construction FinanceOur solutions with Flexible funding, project requirements to drive construction forward.
Commercial Property PurchaseTurn your property vision into reality with flexible terms and competitive interest rates.
Lease Rental DiscountingSupporting real estate businesses in project completion
Mauris Porta Arcu Id Tortor Pulvinar Cursus. Mattis, Diam Id.
CALCULATE NOWLoan Against SharesLeverage your investments with Loan Against Shares, while retaining ownership of your assets
Loan Against Mutual FundsUnlock the value of your investments while keeping your assets intact
Loan Against Life insurance PolicyGet loans for all your business needs at attractive rates
Promoter FundingEmpower your business growth with financial solutions to support expansion & ownership
Project FinanceTurn your ideas into reality with flexible funding to support your vision from start to finish
Structured FinanceUnlock customized financial solutions designed to meet the unique needs of complex business projects
Working Capital Demand LoanKeep your business running smoothly with quick access to funds for day-to-day operations
Term LoanAchieve your business goals with flexible repayment options & competitive rates for long-term growth
Debt FundsDiversify your portfolio and reduce risk with Debt Funds
Equity FundsInvest smartly in Equity Funds to aim for higher returns
Hybrid FundsDiversify your portfolio and reduce your risk with a mix of equity and debt
Retirement FundsGoal-oriented fund with a lock-in period to create a corpus for retirement
Children’s FundsSecure your child’s financial future with solutions-oriented children’s funds
Exchange Traded FundsUnlock a smart, hassle-free way to invest in various assets
Fund Of FundsChoose the smart way to diversify risks and grow investments
Index FundsFollow the benchmark of smart investors to grow your wealth
All FundsExplore, Compare, and Invest in Top Mutual Funds
Calculate wealth creation through lumpsum investment in Mutual Funds
Calculate Now
Equity TradingInvest or trade in equity for attractive returns and long-term capital growth
Margin Trading FacilityGet up to 5X leverage on leading stocks & increase your trading power
BondsGive your portfolio stability with attractive returns
Start trading in equities and other securities. Grow your wealth with our Demat account.
Attractive returns
Term InsuranceBring security and peace to life’s unpredictability
Retirement PlansGet a guaranteed regular pension plus lump sum on plan maturity
Savings PlansGet a guaranteed regular pension plus lump sum on plan maturity
ULIP PlansGet the benefits of insurance & wealth creation in one convenient plan
Find out how much life insurance you need with our Human Life calculator
Calculate Now
Eye InsuranceProtect your vision with comprehensive eye insurance.
Dental InsuranceProtect your smile with comprehensive dental insurance and coverage plans tailored for you.
Hospicash InsuranceGet financial support with our hospital cash insurance for unexpected medical expenses.
Mental Health & Nutrition InsuranceGet the best mental health insurance online with ABCD Aditya Birla Capital today!
Personal Accident InsuranceSecure your future with our affordable personal accident insurance plans.
Tele OPD ConsultationsAccess convenient teleconsultation and video doctor consultations for your health needs.
Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 63,750 employees, the businesses of ABCL have a nationwide reach with over 1,712 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,712
No. of Employees
63,750+
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.50 Lakh Cr
Consolidated Lending Book
INR 1.78 Lakh CrCorporate Governance Policies
- Policy for appointment of Statutory Auditors
- ABCL NRC Policy
- Corporate Social Responsibility
- Fair Practices Code
- Internal Guidelines on Corporate Governance
- Familiarization Programme for Independent Directors
- Disclaimers
- Ombudsman
- Privacy Policy
- Trademark Policy
- Vigil Mechanism / Whistle Blower Policy
- Regulatory Disclosure
Financial and Debt-Related Policies
Business and Partnership Policies
- Outsourcing FAQ’s
- Press Releases
- Our Digital Lending Platform Partners
- ABCL List of active CLA Partners
- Our Digital Referral Partners
- ABCL Collection and Recovery Agency List
- ABCL Terminated Collection and Recovery Agency List
- Importance of Following Repayment Schedule
- Scheme of Amalgamation
- SEBI Disclosures
- Interest Rates & Service Charges
- Discontinued Service provider list
- Terms & Conditions
- Fraud Awareness
- Archival Policy
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
Credit TrackCheck your credit score and get tips on how to improve it
Health TrackHealthy living made easy with ABCD’s Digital Health Evaluation
Portfolio TrackBring your assets and liabilities under one platform
Spend TrackManage your money effectively with Spend Track.
Vehicle TrackCheck Vehicle & Car Insurance Status/Validity Online
Digital WillA digital will is a legally valid document created through a secure online platform
Read about MoneyMoney management made easy
Read about TaxUnderstanding direct and indirect taxes
Read about Retirement PlanKnow how to plan retirement well
Read about InsuranceInsurance and it's aspects for laymen
Read about InvestingInvestments and their jargon - simplified
Read about Loans and FinancingKnow all about loans and their management
Personal Loan EMI CalculatorEstimate your monthly loan repayments with Personal Loan EMI Calculator
Home Loan Eligibility CalculatorCalculate the expected EMI of your loan for easier repayments
BMI CalculatorIt measure your leanness or obesity basis your height and the weight.
Income Tax CalculatorCalculate the tax payable by you based on your income
SIP CalculatorEstimate the returns you can earn with your SIP investments
SWP CalculatorCalculate the Life Insurance cover you need to secure your family’s future
Experience ConseQuest- A game where your decisions drive your future.
Wisdom in Choices
Debt Consolidation Loan
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
What is a Debt Consolidation Loan?
A debt consolidation loan is a smart financial tool that combines multiple high-interest debts like credit cards, personal loans, or overdrafts into one single loan with a lower interest rate and fixed EMI. This simplifies your finances by replacing several payments with just one manageable monthly instalment. The best debt consolidation loan helps you save on interest, avoid late fees, and focus on repayment without juggling due dates. It’s unsecured, quick to process, and ideal if you’re struggling with debt consolidation across different lenders.
Apply for a Debt Consolidation Loan
Handling multiple loans and credit card bills can strain both your budget and peace of mind. A debt consolidation loan from Aditya Birla Capital helps simplify repayments by combining all your dues into one clear, manageable plan.
Features of a Debt Consolidation Loan
One Loan for All Your Dues
Merge credit cards, personal loans, and other liabilities into a single personal loan, making repayment easier and more organised.
One Predictable Monthly EMI
Replace multiple due dates with one fixed EMI, helping you manage cash flow and avoid missed payments.
Lower Interest, Smarter Savings
Consolidate high-interest debts into a loan with competitive rates and reduce your overall interest burden.
Plan Before You Commit
Use the personal loan EMI calculator to estimate your EMI and choose a tenure that fits your financial comfort.
A debt consolidation loan offers a cleaner, more controlled path to becoming debt-free, without the stress of managing multiple repayments.
Reasons To Get a Debt Consolidation Loan from Aditya Birla Capital
Collateral-free
There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!
Flexible Repayment Period
Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments.
Predictable EMIs
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments
Quick Sanctions
Get the funds transferred to your account within 24 hours of application.
Facility to add a co-applicant
Adding a co-applicant to the Personal Loan for Debt Consolidation can increase your eligibility. You can get a higher loan amount to pay off various small loans and debts.
Interest Rates Available for
Debt Consolidation Loans (2025 Update)
Plan your debt consolidation smarter with Aditya Birla Capital’s competitive rates, updated for 2025 based on RBI’s external benchmark lending rates.
Loans up to 12 months| Loan Type | Interest |
|---|---|
| The Short Term Reference Rate (STRR) | 19.45% p.a. w.e.f.from March 1, 2024 |
Loans more than 12 months| Loan Type | Interest |
|---|---|
| The Long Term Reference Rate (LTRR) | 20.45% p.a. w.e.f. from March 1, 2024 |
How to Apply for a Debt Consolidation Loan Online
Visit the Aditya Birla Capital Website or App
Start by visiting the official Aditya Birla Capital website or downloading the app. You can access all the loan services we offer.
Check Your Eligibility
Use our online eligibility calculator to check whether you meet the requirements for a ₹5000 personal loan.
Fill Out the Online Application Form
Complete the application form with your personal details, employment information, and income data.
Upload the Required Documents
Upload scanned copies of the required documents, such as your identity proof, address proof, income proof, and photographs.
Verification and Approval
Once your documents are verified, your personal loan application will be processed, and approval will be granted if all criteria are met.
Funds Disbursal
After approval, the loan amount will be disbursed to your bank account within 24 to 48 hours.
Eligibility Criteria for Debt Consolidation Loans
Are you eligible for a Debt Consolidation Loan? Check whether you meet the criteria.
Documents Needed
- Proof of identity and address Passport / Aadhaar Card/ Voter's ID / Driving License/ Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
- Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
- Bank statement where income is credited Last 6 months
- Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16
Eligibility criteria
- Salaried Individuals Private or government employees with a regular monthly income and stable employment history.
- Self-Employed ProfessionalsQualified professionals such as doctors, chartered accountants, architects, consultants, and similar practitioners with consistent earnings.
- Self-Employed Non-ProfessionalsBusiness owners, traders, and entrepreneurs running proprietary or partnership businesses.
- Citizenship & Age Applicants must be Indian citizens aged between 21 and 60 years, with the upper age limit possibly extended at loan maturity.
- Credit ScoreA CIBIL score of 750 or above is preferred, as a higher score improves approval chances and helps secure better interest rates and terms.
- Income Requirement A minimum monthly income of ₹25,000 or more is required, subject to variation based on city, employer, and applicant profile.
- Existing Liabilities Outstanding debts such as credit card balances, personal loans, or similar borrowings that are eligible for debt consolidation under the loan.
Fees and Charges for
Debt Consolidation Loans
| Charge Type | Amount |
|---|---|
| Cheque Return charges | ₹500 + GST per instance |
| Default Penal charges | 3% of the pending amount per month |
| Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | ₹100 + GST per instance |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan reschedule charges | ₹5000 + GST per instance |
| Stamp Duty | As per Actual if applicable |
| Insurance Premium | As per Actual, if applicable |
| Pre-closure Quote | ₹1000 + GST per instance |
| Any other charges | As per Actual, if applicable |
| Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
| Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
ABC Of Calculators
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*
BALANCE TRANSFER LOAN
-
Reduced Interest Rates. -
Lower Monthly Payments.
TOP UP LOAN
- Easy application process
- Borrow up to 80% of property value
Different financial needs, different loans, one app - ABCD
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
-
Range of loan options for different needs
-
Quick sanctions and disbursals
PLAY STORE
APP STORE
Scan the QR code to download our Mobile App
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Aditya Birla Finance Customer
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
Aditya Birla Finance Customer
I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.
Aditya Birla Housing Finance Customer
Belapur, India
Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.
For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.
The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.
FAQs on
Debt Consolidation Loans
Debt Consolidation Loans
Debt consolidation means paying off multiple existing debts by taking out one loan. With debt consolidation, you can get a new loan and close existing debts with it.
A Personal Loan is an unsecured funding solution that grants funds for any type of personal or commercial need.
A Personal Loan is a multipurpose loan that can be used for anything. If you have multiple debts and want to consolidate them into one to avoid multiple interest payments, you can opt for a Personal Loan and use the funds to pay off the existing debts.
Debt consolidation is beneficial for the following reasons -
• You just have to service one loan. You don't have to remember the installment dates of different loans and repay only one loan
• You can save on the interest outgo of different loans
• It also becomes easier to apply for another loan if you need funds
If you can save on the interest outgo and manage your debts effectively, debt consolidation can be a good reason to get a loan.
The loan amount would depend on your income and other eligibility parameters. You can use the online eligibility calculator to find out how much money you can borrow with the debt consolidation loan based on your eligibility.
Aditya Birla Capital processes and approves the debt consolidation loan quickly if your application and paperwork are in order.
Yes, you can consolidate all types of debts into one with a debt consolidation loan. Examples include personal loans, auto loans, credit card bills, etc.
Consolidating your debts includes taking out a fresh loan to repay the existing ones. When you get a new loan, your credit utilisation ratio is impacted, negatively impacting your credit score. However, this impact will be for the short term, and when you repay the loan timely, your credit score will improve.
Yes, self-employed individuals can also opt for a debt consolidation loan to consolidate their multiple debts.
Yes. Once approved, the loan amount is credited to your bank account within 24–48 hours. In some cases, the lender can also pay your existing creditors directly to ensure smooth and hassle-free debt consolidation.
Yes, the debt consolidation loan prepayment is allowed after the first 6 months. However, such prepayment would attract charges which you should check before prepaying the loan.
The impact is generally positive if you make timely repayments. Managing a single EMI is easier and improves payment discipline. While a hard credit inquiry may cause a small initial dip, closing multiple old accounts can strengthen your score over time.
No. This is an unsecured loan, so no collateral or asset is required. Approval depends on factors such as your credit score, income stability, and repayment capacity.
Typical charges include processing fees (usually built into the interest rate), prepayment charges of around 3–4% after the lock-in period, bounce charges of approximately ₹500, and foreclosure charges of about 4% after 12 months. All applicable fees are disclosed upfront, and there are no hidden charges.
You can borrow up to ₹25 lakhs or the total outstanding debt, whichever is lower, subject to your income and debt-to-income ratio. Salaried applicants with strong credit profiles may qualify for higher limits.
You can consolidate credit card dues, personal loans, overdrafts, and other unsecured debts. Home loans or mortgages are not eligible. This option works best for high-interest, revolving debt.