If multiple debts are making your monthly budget difficult to manage, a debt consolidation loan could offer a more organized repayment approach. Before applying, compare debt consolidation loan rates offered by different lenders and understand the associated charges. Your eligibility, credit score, income, existing obligations, loan amount, and tenure may influence the rate you receive. Evaluating the total repayment cost instead of focusing only on the monthly EMI can help you make a more informed borrowing decision. https://www.mymudra.com/blog/debt-consolidation-loan-rates