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In this paper we investigate two types of relaxation processes quantitatively in the context of small data global-in-time solutions for compressible one-velocity multi-fluid models. First, we justify the pressure-relaxation limit from a one-velocity Baer-Nunziato system to a Kapila model as the pressure-relaxation parameter tends to zero, in a uniform manner with respect to the time-relaxation parameter associated to the friction forces modeled in the equation of the velocity. This uniformity allows us to further consider the time-relaxation limit for the Kapila model. More precisely, we show that the diffusely time-rescaled solution of the Kapila system converges to the solution of a two-phase porous media type system as the time-relaxation parameter tends to zero. For both relaxation limits, we exhibit explicit convergence rates. Our proof of existence results are based on an elaborate low-frequency and high-frequency analysis via the Littlewood-Paley decomposition and it includes three main ingredients: a refined spectral analysis for the linearized problem to determine the threshold of frequencies explicitly in terms of the time-relaxation parameter, the introduction of an effective flux in the low-frequency region to overcome the loss of parameters due to the overdamping phenomenon, and the renormalized energy estimates in the high-frequency region to cancel higher-order nonlinear terms. To show the convergence rates, we discover several auxiliary unknowns that reveal better structures. In conclusion, our approach may be applied to a class of non-symmetric partially dissipative hyperbolic system with rough coefficients which do not have any time-integrability, in the context of overdamping phenomenon. It extends the latest results of Danchin and the first author [15, 16].