If you’re juggling multiple EMIs every month, a debt consolidation loan might be just the solution you need. Instead of tracking several loan payments, interest rates, and due dates, you can simply combine all your existing loans into one easy-to-manage EMI. And with RupeeQ, applying for a debt consolidation loan online takes just a few minutes.
This blog will guide you through the step-by-step process of applying for a debt consolidation loan via RupeeQ—100% online, fast, and hassle-free.
What Is a Debt Consolidation Loan?
A debt consolidation loan allows you to merge multiple ongoing loans—such as personal loans, BNPL, consumer durable loans, etc.—into a best personal loan. The goal is to reduce your interest outgo, lower your EMI burden, and simplify repayment through a single EMI every month.
This is especially helpful for salaried individuals who may be managing 3–4 EMIs at different interest rates and due dates.
Why Use RupeeQ for Loan Consolidation?
RupeeQ brings a data-driven, digital-first approach to loan consolidation:
- Paperless application journey
- Offers from multiple top lenders
- Pre-qualified deals based on your credit profile
- EMI calculator for easy planning
- Free credit score check to boost correct eligibility assessment
RupeeQ Tip:
Get your RupeeQ ACE credit profile evaluation to check if you qualify for a lower interest rate and longer tenure.
Step-by-Step Guide to Apply for a Debt Consolidation Loan on RupeeQ
Let’s now look at how you can apply for a consolidation loan online through the RupeeQ platform:
Step 1: Visit RupeeQ.com and Choose ‘Debt Consolidation Loan’
On the RupeeQ homepage, navigate to the section that mentions “Debt Consolidation” or “Reduce EMI Burden”. You can also search for the term directly.
Click the ‘Apply Now’ button to begin the application journey.
Step 2: Fill in Basic Personal Details
You will be asked to enter:
- Full Name (as per PAN)
- Date of Birth
- Gender
- Mobile Number (linked with Aadhaar)
- Email ID (for tracking updates)
Once done, click Next to proceed.
Step 3: Enter Loan Details You Want to Consolidate
This is the most important step.
You will need to enter:
- Number of current loans
- Total outstanding loan amount
- Average monthly EMI
- Lenders’ names (if known)
- Any missed EMIs or delays in the past 12 months
This helps RupeeQ assess your current EMI load and suggest the most suitable consolidation offer.
Step 4: Upload KYC and Income Proof
Keep the following documents ready:
| Document Type | Examples |
| Identity Proof | PAN card (mandatory) |
| Address Proof | Aadhaar, Voter ID, Passport |
| Income Proof | Last 3 months’ salary slips |
| Bank Statement | Last 6 months’ salary account PDF |
Upload these directly on the portal. RupeeQ’s system will read and verify them instantly—no physical verification required.
Step 5: Check Your Credit Score (Free)
Before showing final offers, RupeeQ will perform a soft credit pull to fetch your credit score.
This helps match you with lenders who are more likely to approve your profile and offer better interest rates.
Step 6: Compare Loan Consolidation Offers
You’ll now see a comparison of loan offers from different banks/NBFCs:
| Lender | Loan Amount | Interest Rate | Tenure Options | EMI Amount |
| Lender A | ₹10,00,000 | 11.25% p.a. | 5 years | ₹21,876 |
| Lender B | ₹10,00,000 | 12.00% p.a. | 7 years | ₹17,796 |
| Lender C | ₹9,00,000 | 13.50% p.a. | 4 years | ₹24,398 |
Use the built-in EMI calculator to fine-tune the amount and tenure based on your comfort level.
Step 7: Select Offer and Proceed to Lender Verification
Once you pick the best-matching offer, RupeeQ will redirect you to the lender’s digital onboarding process. Most lenders allow full digital journeys including:
- Video KYC
- eMandate setup for EMI
- eSign loan agreement
Your loan will be disbursed to your account within 24–72 hours post-approval.
Documents Needed to Apply via RupeeQ
Make sure you have the following scanned/PDF files before starting your application:
| Document Type | Notes |
| PAN Card | Mandatory for credit verification |
| Aadhaar Card | For identity and address proof |
| Salary Slips | Last 3 months |
| Bank Statement | Last 6 months (PDF) |
RupeeQ Tip:
Keep your email and mobile linked with your Aadhaar and PAN. It ensures faster eKYC validation.
Benefits of Applying for Debt Consolidation Online via RupeeQ
Applying via RupeeQ is faster and smarter than traditional offline routes:
- No branch visits or paperwork
- Instant eligibility check
- 15+ lender offers compared instantly
- Data-based offer engine (ACE) for smarter matchmaking
- Loan disbursal in as little as 24 hours*
(*subject to lender approval)
Final Thoughts
Debt consolidation can be a powerful tool if done at the right time with the right partner. RupeeQ not only helps you apply online with ease but also ensures that you get the best-fit offers based on your loan history and repayment capacity.
Instead of juggling multiple loans and due dates, switch to one fixed EMI, one lender, and one smart repayment plan.
If you’re struggling to track multiple EMIs or want to lower your monthly outgo, apply for a debt consolidation loan via RupeeQ today. It’s fast, transparent, and tailored to your financial profile.
