Debt Consolidation Calculator

See how much you could save each month by consolidating multiple debts into a single new loan at one interest rate.

  • Free to use
  • Accurate results
  • No registration required
  • Works on all devices
Enter your outstanding debts and a new loan's rate/tenure to see potential EMI savings from consolidation.
Comma-separated list of each debt's balance, e.g. 200000, 300000, 100000
Comma-separated list of each debt's current EMI, in the same order as balances.
%
months

Your result

₹11,653.33

Monthly EMI savings

Total debt consolidated₹6,00,000
Current combined EMI₹25,000
New consolidated EMI₹13,346.67

AI explanation

Formula

Sums all balances into a single principal, then computes one EMI at the new rate/tenure, compared to the sum of current EMIs

Worked example

Three debts consolidated at 12% over 5 years

Worked example: Three debts consolidated at 12% over 5 years
FieldValue
Outstanding balances200000, 300000, 100000
Current monthly EMIs8000, 12000, 5000
New consolidated loan rate12
New consolidated loan tenure60
Total debt consolidated600000
Current combined EMI25000
New consolidated EMI13346.67
Monthly EMI savings11653.33

Assumptions

  • Enter balances and EMIs in the same order — the calculator matches them positionally.
  • A lower monthly EMI from a longer tenure doesn't necessarily mean lower total interest — compare total interest paid separately before deciding.
  • Informational only.

Frequently asked questions

What is debt consolidation?

Combining multiple debts (credit cards, personal loans, etc.) into a single new loan, typically to simplify payments and potentially secure a lower overall interest rate.

Does a lower monthly EMI always mean I save money overall?

Not necessarily — a longer tenure on the consolidated loan lowers the monthly payment but can increase total interest paid over the life of the loan. Compare total interest, not just monthly EMI, before deciding.

What are the risks of debt consolidation?

If it extends your repayment period significantly, you may pay more in total interest despite the lower monthly payment — and consolidating unsecured debt into a secured loan (like a home loan top-up) puts an asset at risk if you default.

Related calculators

Debt-to-Income Ratio CalculatorDebt Snowball Calculator

Sources

This calculator provides a general estimate only and does not constitute financial advice. Consult a financial advisor before consolidating debt.

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