Documentation and Eligibility Criteria for Debt Consolidation The online instant
personal loan process has made it simple for the borrowers to get personal loans with less formalities. The nominal loan documentation process may urge you to borrow a personal loan for debt consolidation at the earliest. Know the eligibility criteria before the loan application:
- Duly filled and signed application form
- Photo ID proof that includes Voters id/ Driving license/ Passport/ Aadhar card
- PAN card for financial background
- Company’s address and professional details
- Residence proof that includes passport/ driving license/ utility bills
- Last 6 months bank statement or salary slip for salaried
- For self-employed last 6 months bank transaction
- Borrower must be a citizen of India
- Borrower must be in an age limit of 21-58 years
- Borrower should reflect work stability in the professional profile
How to Apply for Debt Consolidation Loan via HeroFinCorp HeroFinCorp is a new age personal loan app helping borrowers with instant loan facility. Depending upon the requirement of debt consolidation loan, you can borrow up to 1.5lakhs via HeroFinCorp. Here is how you can apply for personal loan via the HeroFinCorp app:
- Download the HeroFinCorp app in your phone from Google Play Store
- Register with your email id and mobile number.
- One-time password is received for verification
- Add KYC details and get real-time credit assessment
- Get loan approved and disbursed instantly during business hours
Once the loan application is submitted, borrowers need to keep patience during the waiting period. Repeated applications for personal loan can lead to
loan rejection.
All loans do not provide equal benefits. If you are planning to apply for a loan any sooner, decide which type of loan is right for your situation. A debt consolidation loan is clearly used to wave off multiple debts piling up, such as one or more credit card bills adding the interest every month can be finished at once with debt consolidation.
Based on different cities, lender policies and market rate, the rate of interest on loans may vary.