Client Background
Mr. Ramesh, a small business owner from KR Puram, Bangalore, was managing multiple loans—business expansion loan, vehicle loan, and a personal loan. With different interest rates and EMI dates, his monthly financial planning became stressful, leaving little room to focus on growing his business.
The Challenge
- Managing 3 different EMIs with high interest rates.
- Constant pressure due to irregular cash flows in business.
- Lack of clarity on the total debt burden.
- Difficulty in maintaining credit health due to delayed payments.
Mr. Ramesh wanted a way to simplify repayments and reduce his EMI outflow without affecting his business operations.
Our Solution
At Borrow Right, our advisors analyzed his existing loans and proposed a Loan Consolidation strategy:
- Reviewed all active loans, interest rates, and repayment terms.
- Identified the best consolidation loan product with a lower interest rate.
- Negotiated with partner banks to combine all three loans into one single loan.
- Structured the repayment plan to reduce the monthly EMI burden and improve cash flow.
The Result
- ✅ Reduced monthly EMI by 35%, freeing up funds for business growth.
- ✅ Simplified finances with one single EMI instead of three.
- ✅ Improved credit score by ensuring timely repayments.
- ✅ Peace of mind with a predictable repayment schedule.
Client Testimonial
“Borrow Right truly simplified my financial journey. Earlier, I was juggling multiple loans and always under pressure. With loan consolidation, I now pay a single EMI at a lower cost, and my business finances are far more stable.”
Key Takeaway
Loan consolidation is not just about reducing EMIs—it’s about regaining financial control. With Borrow Right, business owners can focus on growth while we ensure their loan journey is smooth, stress-free, and cost-effective.
📞 Want to reduce your EMI burden too?
Contact us at +91 9429690747 or email ask@borrowright.in today!