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Ananya Shrivastava
Ananya Shrivastava is a Content Writer at LoansJagat, specialising in finance-focused news, blogs, and long-form articles on Indian markets, RBI policy, personal finance, and lending. She has authored over 450 blogs and 250 news pieces, combining technical knowledge with rigorous research to simplify complex financial concepts into clear, engaging content. With a marketing-driven lens and sharp editorial judgment, she consistently achieves top Google rankings while ensuring every claim is backed by verified data.
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Multiple EMIs pile up fast when loans and card dues sit with different lenders. LoansJagat pulls them into one loan, one lender, one due date. Borrowers have cut their monthly EMI outflow by up to 50% this way.
Three or four EMIs a month is a lot to track. LoansJagat's debt consolidation marketplace merges them into a single personal loan, comparing offers from over 50 banks and NBFCs to find one combined rate that beats juggling several. It connects the salaried and non-salaried borrowers with the NBFCS and banks offering consolidation loans without needing to visit any branches, entirely online.
Having multiple EMIs means repaying two or more loans, or credit card dues, in separate monthly installments, each with its own rate, due date, and lender.
Debt rarely arrives all at once. It builds in stages, and each stage adds a fresh repayment obligation:
Payment history drives your CIBIL score more than any other factor, so one missed EMI leaves a mark. It's easy to forget a due date when you have four loans with four different banks. The money is usually there, but the payment still gets missed simply because nobody remembered it was due. If not addressed, this situation results in the person taking another loan to repay their previous loan, which becomes a debt trap.
LoansJagat reduces multiple EMIs through debt consolidation, where existing loans and credit card balances are converted into a new loan paid through a single EMI.
The process works like this:
No more tracking separate due dates. And because old debts often include high-cost credit card balances, the blended rate on the new loan usually comes in lower. Here is what the borrowers gain:
Easier budgeting, since one EMI is simpler to plan around than four
Eligibility comes down to three things: age between 23 and 58, monthly income of at least ₹25,000, and a credit score above 700.
LoansJagat lists the full criteria on its official site:
Ticking every box doesn't guarantee a sanction. The partner lender still runs its own check on income stability and repayment history before approving the loan.
Read Also : Multiple EMI Consolidation: Convert All EMIs Into One Monthly EMI
LoansJagat consolidation loans carry an annual percentage rate between 9.99% and 17%, set by credit score and financial profile.
Here is how that compares with standalone personal loan rates from major banks, taken directly from their official rate pages.
The rate gap matters most for borrowers carrying credit card debt, since cards charge far more than personal loans do. A few things move the needle on what rate you actually get:
Chosen repayment tenure, since longer tenures can sit in a different rate band
Numbers tell this better than percentages do. Let’s take an example of Aditya.
He had multiple loans and dues scattered across lenders. With the help of LoansJagat, consolidating them into a single loan of ₹1,50,000, at 10.5% interest over 7 years, brought his EMI down to roughly ₹2,500. That's a monthly saving of about ₹2,200 against what he was paying before.
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Every borrower's numbers will look different. It depends on the rates you're already paying, how much you owe, and the tenure you pick.
Consolidation can lift a CIBIL score, but only if the new EMI stays current and credit utilisation comes down.
The official CIBIL website breaks the score into four factors:
Multiple EMIs and heavy card balances tend to push utilisation past the recommended 30% mark, and that alone can drag a score down. Once old card balances are cleared through consolidation, utilisation usually falls. Keep the new EMI on time after that, and the score climbs, often past the 750 mark most lenders treat as strong.
The repo rate sets the tone for floating-rate loans. Hold it steady, and floating EMIs stay flat too.
The Monetary Policy Statement dated August 5, 2026, kept the repo rate unchanged at 5.25%, the fourth straight review without a move. A few things follow from that:
For anyone stuck with multiple EMIs, locking into one fixed-rate consolidation loan beats sitting around for the RBI to move.
The paperwork is standard: identity, income, banking history, and details of what you already owe.
Requirements shift slightly by lender, since the loan itself is disbursed by a partner bank or NBFC rather than LoansJagat. Having these ready before you apply speeds things up considerably.
Missed payments and falling credit scores often trace back to the same root cause: too many EMIs, too many lenders. LoansJagat solves that by folding scattered debts into a single loan with one EMI and one due date. Rates start at 9.99%, and both salaried and self-employed applicants can apply. Anyone carrying three or more active loans right now has good reason to see what a consolidated offer would look like.
The lender makes the final approval decision. Once the debt consolidation loan is sanctioned, multiple EMIs become one.
