About Debt Consolidation Loan

Every individual passes through a bad patch in life when you opt-out for multiple money borrowing options. If you are one of those, are you not tired of managing EMIs of many small loans? Go for debt consolidation loan to reduce the number of EMIs and also the cost. Your debt is paid off quicker, saving you time, money and stress. We assess every borrower by offering customized debt consolidation loan offers, making sure that our financial solutions are a perfect match to your financial troubles.

Wait no more, apply for a debt consolidation loan from LenDenClub – India’s Best Peer to Peer Lending platform.

Get Debt Consolidation Loan

Why Get a Debt Consolidation Loan from Us

No credit history? No problem. Get loans from peer to peer lending.

Fast Approval

With the help of digital automation, we have made our loan approval process much faster compared to any bank. We are continuously improving to provide you instant debt consolidation loans. Apply now to give it a try.

Flexible Interest Rates

We do not have rigid interest rates. Interest rates are linked to the borrower’s credit score calculated through our internal credit rating process. A better LenDen score ensures a lesser rate of interest for the borrower.

Easy Processing

Our user friendly and tech enabled platform ensures that getting your loan approved is simply a few clicks away. Do not go by our words, try our platform to fulfill your loan needs. Start applying for your loan now!

No Prepayment Charges

No additional charges if you want to close your debt consolidation loan earlier. We provide the flexibility of prepayment to our borrowers.

Get financing for whatever you need now

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Debt Consolidation Loan - Eligibility

All salaried employees can get a loan from us. Check if you are eligible below.


The borrower’s minimum age should be 21 and maximum should be 55.


Minimum Net Monthly Income should be over Rs 12,000

Bank Default

Must have no record of loan/credit card defaults after Jan 2012.

Stay Type

The borrower should be staying with family or friends.


Resident of Mumbai, Pune, Ahmedabad, Nagpur or Bangalore.

Employment Type

Only salaried individuals are eligible to apply for a loan.

Frequently Ask Questions

LenDenClub is one of the fastest growing Peer to Peer (P2P) lending platforms in India. It connects a lender looking to lend their money with creditworthy borrowers looking for debt consolidation loan. Learn more about us here.

Click here to create your borrower profile by providing required information. It is just a 2 step process. Your profile will be assessed based on our credit & risk policies. Once approved, your profile will be listed on the platform. Any lender, who finds your profile suitable, will fund your loan.

You need to submit a few documents regarding your identity and income, which are:

  1. Pan Card
  2. Passport/Aadhar Card (compulsory) /Voter ID
  3. Last two months salary slips
  4. Last two months salary account statement
  5. Passport Size photograph

In case you are staying at rental premises, you need to submit a rent agreement copy as well.

LenDenClub charges two type of fees from borrowers.

  1. Fixed registration fee of Rs. 750 is charged from each borrowers at the time of registration. LenDenClub charges these fees to recover cost incurred towards assessment of the borrower. Registration fee is a one time fees paid by the user and it is non-refundable.
  2. Loan processing fee is charged at the time of loan disbursal. Processing fee is 4% of the loan amount or Rs. 2000 (whichever is higher) and applicable taxes. The amount is deducted from the disbursed amount.