Debt Consolidation Calculator
Enter each debt you carry and compare the total cost against a single consolidation loan, including processing fees.
Up to 6 debts Blended rate view Fee-adjusted verdict
Your current debts
| Debt | Outstanding | Rate % p.a. | Months left | |
|---|---|---|---|---|
Consolidation loan offer
Interest rate13% p.a.
Tenure36 months
Processing fee2% (Rs. 9,600)
Total debt
Rs. 4,80,000
Blended rate today
23.3%
Current total EMI
Rs. 23,636
New single EMI
Rs. 16,173
Consolidation saves you Rs. 34,598 after the Rs. 9,600 processing fee. Interest falls from Rs. 1,46,430 to Rs. 1,02,231, and your monthly outgo changes from Rs. 23,636 to Rs. 16,173.
KharchaUdhar Insider Tip Lenders quote consolidation savings on rate alone. The real comparison is total rupees paid. A 13% loan over 60 months can cost more than a 42% credit card balance you would have cleared in 10 months. Match the new tenure to your current weighted payoff timeline, not the maximum the lender offers.
Calculations use the reducing balance method and assume on-time payments. Actual sanctioned rates depend on your credit profile. Indicative only.
KharchaUdhar Insider Tip The consolidation tenure is the trap. Lenders default you to 60 months because a longer tenure means more interest, even at a lower rate. Match the new tenure to your current weighted payoff timeline; on Rs. 5 lakh of mixed debt that single choice swings the outcome by Rs. 40,000 to 70,000.