New Delhi, Oct. 29 -- Documents by income type, the eligibility checks lenders run, and the 6-step order to follow so your loan consolidation application clears the first time.

If you've already decided to merge your loans into one EMI, this is the part that decides how quickly it happens. Here's how to apply for loan consolidation in India: the documents to keep ready, what a bank or NBFC checks, and the order of steps.

Most delays have little to do with the process being hard. They come from a missing salary slip, or from applying to a lender whose eligibility bar you were never going to clear.

Lenders ask for three sets of papers. Scan them into one folder before you start your loan consolidation application, because a single missin...