Which banks offer debt consolidation loans?
Many banks and financial institutions offer debt consolidation loans. Here are some of the major banks that offer debt consolidation loans:
- HDFC Bank: HDFC Bank offers personal loans that can be used for debt consolidation. They offer flexible repayment tenures, competitive interest rates, and quick loan disbursal.
- State Bank of India (SBI): SBI offers a debt consolidation loan called SBI Saral – Personal Loan. The loan can be used to consolidate high-interest debt, and the repayment period ranges from 12 to 60 months.
- ICICI Bank: ICICI Bank offers personal loans for debt consolidation with a range of repayment tenures and interest rates. They also offer balance transfer options for credit card debts.
- Axis Bank: Axis Bank offers personal loans for debt consolidation with competitive interest rates and flexible repayment tenures. They also offer balance transfer options for credit card debts.
- Punjab National Bank (PNB): PNB offers personal loans for debt consolidation with repayment periods ranging from 12 to 60 months. They offer competitive interest rates and quick loan disbursal.
It’s important to compare the terms and fees associated with each lender before choosing a debt consolidation loan. You should also check your credit score and ensure that you meet the eligibility requirements before applying for a loan.