New Delhi, April 17 -- IDFC FIRST Bank offers a debt consolidation loan via FIRSTmoney to simplify repayment by collating numerous loan debts into a single debt so that borrowers can repay with manageable instalments.

This approach not only helps borrowers manage their finances well but may also reduce overall interest costs. The features offered by First money include zero foreclosure charges and flexible repayment options which help individuals regain financial control and work towards a debt-free future.

Debt consolidation is a freshloan taken to pay off the current debts. Instead of handling multiple EMIs, you make a single payment each month, often at a more favourable interest rate. This is ideal for efficiently repaying high-inte...