New Delhi, Feb. 28 -- Management of multiple debts can be both challenging and overwhelming. Even more so if you are dealing with high interest loans and credit cards. Personal loans for debt consolidation offer a practical resolution in such cases.

To tackle all such conditions, personal loans for debt consolidation are a perfect option. They enable the consolidation of such debts into a single loan with a possible reduced interest rate and smoother repayment schedule. This also helps in bringing order and clarity.

Here are five smart ways to use personal loans for debt consolidation:

Debt consolidation loans are offered by several leading financial institutions in India. Bajaj Finserv, Kotak Mahindra Bank, Poonawalla Fincorp, and IDF...