Close or freeze refinanced facilities so balances do not rebuild.
Debt Consolidation Calculator
Compare several existing debts with one proposed consolidation loan after fees. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
Estimated extra cost after consolidation-₹15,689Updates instantly as you edit
Current remaining repayment₹14.82 L
Consolidated repayment with fees₹14.98 L
Monthly payment reduction₹18,470
Cost comparisonCurrent versus proposed
MeasureCurrentAfter change
Combined monthly EMI₹42,939₹24,469
Remaining interest₹3,82,445₹3,68,134
Total with fees₹14,82,445₹14,98,134
Repayment horizon48 months60 months
Full amortisation schedule60 monthly instalments
Projection journeyHover to inspect a year
A lower EMI can result from a longer tenure and still cost more overall. Confirm that old facilities are closed and that the new KFS includes every fee.
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Five smart nudges
Use the result with context.
Compare total repayment, not only the lower combined EMI.
Avoid extending short debts into an unnecessarily long loan.
Include every foreclosure and processing charge.
Keep minimum payments current until closures are confirmed.
Understanding Debt Consolidation in India
Editorially reviewed 14 July 2026 · Rules and assumptions can change
Consolidation should reduce complexity without hiding cost
A consolidation loan replaces several balances with one repayment. It can reduce rate, simplify due dates or improve cash flow. It can also stretch short debts into a longer tenure and increase total interest. This calculator amortises three current debts independently and compares their remaining cost with the new loan plus fees.
Enter remaining tenure rather than original tenure. Use actual outstanding principal and reducing-balance rates from current statements.
Lower EMI is not proof of saving
A lower payment may come from a lower rate, longer term or both. Compare remaining interest, fees, total outflow and final closure date. If cash-flow relief is the objective, acknowledge any additional lifetime cost explicitly.
Include foreclosure, processing, insurance and documentation charges. A promotional rate that later resets should be stress-tested.
Prevent balances from rebuilding
Consolidation fails when old cards or credit lines remain available and are used again. Obtain closure or reduce limits as appropriate, remove stored payment credentials and maintain a spending plan that prevents recurrence.
Continue every current minimum payment until the old lender confirms receipt and closure. Missed payments during takeover can damage credit records.
Consolidation checklist
Compare KFS APR, net disbursal, total repayment, tenure, prepayment and all closure charges. Verify the proposed loan actually covers each settlement amount on the expected date.
Keep a small emergency buffer so the first unexpected bill does not return to revolving debt. Use debt payoff when a refinance offer does not provide meaningful benefit.
Official sources used for this guide
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
Debt Consolidation calculator FAQs
Does consolidation improve credit score?
Not automatically; reporting, utilisation and repayment history determine credit outcomes.
Why can a lower EMI cost more?
A longer tenure can add more interest despite a lower monthly payment.
Should old cards stay open?
That is a personal credit decision, but balances must not rebuild; closure or limit reduction may support discipline.
Are fees included?
The entered aggregate fee is added to proposed total outflow.
What if current debts have different end dates?
The calculator amortises each one separately using its entered remaining months.