I have taken Personal & home loan. Are there banks or even lenders that consolidate l
I have taken personal loans and want to go for a home loan. Banks would be unwilling to consolidate a personal loan and a home loan because the interest rates and risks are different.
Personal loans carry a higher rate because these do not have a collateral. Home loans are available at a lower rate because these are secured by the home you purchase using the loan.
Banks may be willing to consider the two loans separately, and you take a home loan without any reference to the personal loans you already have.
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