Get a Debt Consolidation Loan Up to ₹5 Lakh with Freo
Get a Debt Consolidation Loan Up to ₹5 Lakh with Freo
Get a Debt Consolidation Loan Up to ₹5 Lakh with Freo
Get a Debt Consolidation Loan Up to ₹5 Lakh with Freo
Managing multiple credit cards, personal loans, or other eligible outstanding dues can mean keeping track of different EMIs, interest rates, and due dates. Freo's Personal Loan can help eligible borrowers consolidate eligible existing debts into a single repayment plan, making it easier to manage payments with one EMI and one schedule.
Managing multiple credit cards, personal loans, or other eligible outstanding dues can mean keeping track of different EMIs, interest rates, and due dates. Freo's Personal Loan can help eligible borrowers consolidate eligible existing debts into a single repayment plan, making it easier to manage payments with one EMI and one schedule.
One EMI Instead of Multiple
No Collateral Required
100% Safe & Secure
RBI-Regulated Lending Partners
30
Lakh+
Happy Customers
10,000
Crores
Loans Disbursed
100%
Safe and Secure.
RBI-Regulated Partners.
Lifetime Access
to Personal Loan
30
Lakh+ Happy Customers
10,000
Crores Loans Disbursed
100%
Safe and Secure. RBI-Regulated Partners.
Lifetime Access to Personal Loan
30
Lakh+
Happy Customers
10,000
Crores
Loans Disbursed
100%
Safe and Secure.
RBI-Regulated Partners.
Lifetime Access
to Personal Loan
What Can You Use a
Debt Consolidation Loan For?
Bring Multiple Eligible Debts Into One Repayment Plan
High-Interest Debt
Replace eligible higher-interest debt with a new loan if the terms make financial sense.
High-Interest Debt
Replace eligible higher-interest debt with a new loan if the terms make financial sense.
High-Interest Debt
Replace eligible higher-interest debt with a new loan if the terms make financial sense.
BNPL Dues
Consolidate eligible BNPL and short-term outstanding dues into one repayment plan.
BNPL Dues
Consolidate eligible BNPL and short-term outstanding dues into one repayment plan.
BNPL Dues
Consolidate eligible BNPL and short-term outstanding dues into one repayment plan.
Multiple EMIs
Bring eligible outstanding dues together under a single repayment schedule.
Multiple EMIs
Bring eligible outstanding dues together under a single repayment schedule.
Multiple EMIs
Bring eligible outstanding dues together under a single repayment schedule.
Credit Card Dues
Consolidate eligible outstanding balances from multiple credit cards into one repayment plan.
Credit Card Dues
Consolidate eligible outstanding balances from multiple credit cards into one repayment plan.
Credit Card Dues
Consolidate eligible outstanding balances from multiple credit cards into one repayment plan.
Personal Loan Dues
Use the approved loan amount to repay eligible personal loan balances from different lenders.
Personal Loan Dues
Use the approved loan amount to repay eligible personal loan balances from different lenders.
Personal Loan Dues
Use the approved loan amount to repay eligible personal loan balances from different lenders.
Debt Consolidation vs Debt Settlement
Debt Consolidation vs Debt Settlement
Debt consolidation involves taking a new loan to repay eligible existing debts in full. Debt settlement involves negotiating with a lender to repay less than the full amount owed. Consolidation does not reduce the amount you owe and should not be treated as debt settlement.
Debt consolidation involves taking a new loan to repay eligible existing debts in full. Debt settlement involves negotiating with a lender to repay less than the full amount owed. Consolidation does not reduce the amount you owe and should not be treated as debt settlement.
Debt Consolidation Loan EMI Calculator
Estimate your monthly EMI and plan your debt consolidation loan repayment with ease
How to Get Freo’s Debt Consolidation Loan
How to Get Freo’s Debt Consolidation Loan
Step 1
Download and apply
Download the Freo app and complete your registration and loan application.
Step 2
Verify your details
Complete KYC with a selfie, confirm your employment and income details, and verify your bank account.
Step 3
Set your terms
Step 4
Get your funds
Step 1
Download & apply
Download the Freo app and complete your registration and loan application.
Step 2
Verify your details
After the approval from our system, we’ll schedule a KYC visit to your house / office to collect documents.
Step 3
Set your terms
Credit line is ready to use! From the approved limit, transfer as much money as you need to your bank account.
Step 4
Get your funds
Check Eligibility & Documents for Freo’s Debt Consolidation Loan
Check Eligibility & Documents for Freo’s Debt Consolidation Loan
Who Can Apply
Indian resident, aged 22 to 55 years
Minimum net monthly income of ₹25,000
Both salaried & self-employed applicants eligible
Has a credit score of 650 or above
What You’ll Need
PAN card
For Identity and Credit Verification
ID proof
(Aadhaar Card, Passport or Driving Licence)
Address proof
(Aadhaar, Passport
or Driving Licence)
Selfie via app
(for KYC)
Who Can Apply
Indian resident, aged 22 to 55 years
Minimum net monthly income of ₹25,000
Both salaried & self-employed applicants eligible
Has a credit score of 650 or above
What You’ll Need
PAN card
For Identity and Credit Verification
ID proof
(Aadhaar Card, Passport or Driving Licence)
Address proof
(Aadhaar, Passport
or Driving Licence)
Selfie via app
(for KYC)
Who Can Apply
Indian resident, aged 22 to 55 years
Minimum net monthly income of ₹25,000
Both salaried & self-employed applicants eligible
Has a credit score of 650 or above
What You’ll Need
PAN card
For Identity and Credit Verification
ID proof
(Aadhaar Card, Passport or Driving Licence)
Address proof
(Aadhaar, Passport
or Driving Licence)
Selfie via app
(for KYC)
Trusted & used by 30M+ users
5 star rating
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
Trusted & used by 30M+ users
5 star rating
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
Why Choose Freo for Debt Consolidation Loan?
Why Choose Freo for Debt Consolidation Loan?
One EMI Instead of Multiple
Consolidate eligible debts into one repayment plan, making your monthly payments easier to track.
Potentially Lower Interest Cost
No Collateral Required
Flexible Repayment Options
Borrow Only What You Need
Digital Application
Reusable Loan Limit
Safe & Secure Lending
Is Debt Consolidation Right for You?
Is Debt Consolidation Right for You?
Before taking a new loan, compare your existing debts with the new loan's total cost and repayment terms.
Before taking a new loan, compare your existing debts with the new loan's total cost and repayment terms.
Add Up Your Existing Dues
Calculate your total outstanding balances, interest rates, EMIs, and remaining tenures.
Add Up Your Existing Dues
Calculate your total outstanding balances, interest rates, EMIs, and remaining tenures.
Add Up Your Existing Dues
Calculate your total outstanding balances, interest rates, EMIs, and remaining tenures.
Compare the Total Cost
Consider the new interest rate, processing fee, foreclosure charges, and total repayment—not just the new EMI.
Compare the Total Cost
Consider the new interest rate, processing fee, foreclosure charges, and total repayment—not just the new EMI.
Compare the Total Cost
Consider the new interest rate, processing fee, foreclosure charges, and total repayment—not just the new EMI.
Check Your Monthly Budget
Make sure the new EMI is comfortably affordable before consolidating your debts.
Check Your Monthly Budget
Make sure the new EMI is comfortably affordable before consolidating your debts.
Check Your Monthly Budget
Make sure the new EMI is comfortably affordable before consolidating your debts.
Avoid New Debt
Consolidation works best when you avoid adding new high-interest debt after paying off existing balances.
Avoid New Debt
Consolidation works best when you avoid adding new high-interest debt after paying off existing balances.
Avoid New Debt
Consolidation works best when you avoid adding new high-interest debt after paying off existing balances.
Keep Payments on Time
Continue making your existing payments until each debt has been fully repaid and confirmed by the lender.
Keep Payments on Time
Continue making your existing payments until each debt has been fully repaid and confirmed by the lender.
Keep Payments on Time
Continue making your existing payments until each debt has been fully repaid and confirmed by the lender.
Freo’s Debt Consolidation Loan Fees & Charges
Freo’s Debt Consolidation Loan Fees & Charges
Know the applicable interest rate, processing fee, repayment charges, and other fees before applying for your laptop loan with Freo.
Know the applicable interest rate, processing fee, repayment charges, and other fees before applying for your laptop loan with Freo.
| Type of Charge | Applicable Amount |
|---|---|
| Interest Rate | Starting at 12% p.a. / approx. 1% per month |
| Processing Fee | Starting at 2% of the loan amount, charged upfront at disbursal |
| Late Payment / Overdue EMI Interest | Up to 3% per month on the outstanding principal |
| Foreclosure Charges | Up to 3–4% of the outstanding amount in certain cases. No lock-in period; loan can be closed anytime. |
| Documentation Fee | May apply based on the user profile |
| ECS / Payment Bounce Charge | May apply based on user profile and repayment behaviour |
| GST | Applicable as per government and regulatory guidelines |
| Loan Tenure | 3 to 48 Months |
| Type of Charge | Applicable Amount |
|---|---|
| Interest Rate | Starting at 12% p.a. / approx. 1% per month |
| Processing Fee | Starting at 2% of the loan amount, charged upfront at disbursal |
| Late Payment / Overdue EMI Interest | Up to 3% per month on the outstanding principal |
| Foreclosure Charges | Up to 3–4% of the outstanding amount in certain cases. No lock-in period; loan can be closed anytime. |
| Documentation Fee | May apply based on the user profile |
| ECS / Payment Bounce Charge | May apply based on user profile and repayment behaviour |
| GST | Applicable as per government and regulatory guidelines |
| Loan Tenure | 3 to 48 Months |
| Type of Charge | Applicable Amount |
|---|---|
| Interest Rate | Starting at 12% p.a. / approx. 1% per month |
| Processing Fee | Starting at 2% of the loan amount, charged upfront at disbursal |
| Late Payment / Overdue EMI Interest | Up to 3% per month on the outstanding principal |
| Foreclosure Charges | Up to 3–4% of the outstanding amount in certain cases. No lock-in period; loan can be closed anytime. |
| Documentation Fee | May apply based on the user profile |
| ECS / Payment Bounce Charge | May apply based on user profile and repayment behaviour |
| GST | Applicable as per government and regulatory guidelines |
| Loan Tenure | 3 to 48 Months |
FAQs About Debt Consolidation Loans
FAQs About Debt Consolidation Loans
What is a debt consolidation loan?
Is a debt consolidation loan a separate type of loan?
How does debt consolidation work?
What types of debt can I consolidate?
Can I consolidate debts from different banks or lenders?
Can debt consolidation reduce my interest cost?
Can debt consolidation reduce my monthly EMI?
Is debt consolidation the same as debt settlement?
Do I need to miss an EMI before consolidating my debt?
Will a debt consolidation loan affect my CIBIL score?
Can I consolidate credit card debt with a personal loan?
Can I consolidate BNPL dues?
What is the minimum and maximum amount I can borrow for debt consolidation?
What is the interest rate for a debt consolidation loan?
Do I need collateral for a debt consolidation loan?
What salary is required for a debt consolidation loan?
How long can I take to repay a debt consolidation loan?
Can I repay my debt consolidation loan early?
Need Funds for Something Else?
Make the Move
What are you waiting for?
MWYN Tech Private Limited
CIN: U72200KA2015PTC083534
Address:
G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066
Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.
Make the Move
What are you waiting for?
MWYN Tech Private Limited
CIN: U72200KA2015PTC083534
Address:
G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066
Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.
Make the Move
What are you waiting for?
MWYN Tech Private Limited
CIN: U72200KA2015PTC083534
Address:
G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066
Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.