Calculator
Debt Consolidation Calculator
Combine your loans into one — and see whether it actually saves money, not just whether the monthly payment looks smaller.
Consolidating saves you ₹67,114 overall.
Your existing loans
New consolidated loan
Interest Saved (or Lost)
₹67,114
Consolidating is worth it
Current Combined EMI
₹23,002
New Consolidated EMI
₹16,847
Includes ₹5,000 processing fee in the total-cost figure
Yes, and it's the most common trap — stretching your combined debt over a much longer tenure lowers the monthly payment but adds many more months of interest, often costing more in total than paying off the original loans faster. This calculator flags that explicitly rather than only showing the lower EMI.
Most consolidation loans (personal loans or balance transfer facilities) charge 0.5-2% of the loan amount as a one-time processing fee. It's a real cost — factor it into whether consolidation is actually worth it, not just the interest rate.
When you can get a meaningfully lower interest rate (especially replacing high-rate credit card debt) without extending your payoff timeline much beyond what you already had — that combination is where consolidation genuinely saves money.
Lower EMI and lower total cost are different questions
Consolidating debt into a longer-tenure loan almost always lowers your monthly payment — that's the appeal. But a longer tenure means more months of interest, which can outweigh even a genuinely lower interest rate. This calculator computes both numbers separately and gives an honest verdict when they disagree.
Disclaimer: This is an illustrative comparison based on the numbers you enter — actual loan terms, fees, and eligibility depend on your lender and credit profile.
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