Free Tool
Debt consolidation savings calculator
List your running loans, then compare the total EMI today with one consolidated EMI.
Your current loans
Proposed consolidation loan
Usually a loan against property or a secured term loan that clears every high-cost facility and leaves you with one EMI.
Monthly EMI saving
₹1,50,889
Your EMI falls, but the longer tenure adds total interest. Part-prepay whenever cash flow allows.
*Indicative. Foreclosure charges on existing loans, processing fees, valuation and legal costs on the new loan will change the actual saving.
Read how to reduce an existing loan EMI or see our debt consolidation service.
Frequently asked questions
How does debt consolidation reduce EMI?
Several high-cost unsecured loans on short tenures are replaced by one secured loan — usually a loan against property — at a much lower rate over a longer tenure. Both the rate drop and the longer tenure pull the monthly outflow down.
Does a lower EMI always mean lower total interest?
No. If the tenure stretches a long way, total interest can rise even while the EMI falls. The calculator shows both figures so you can see the trade-off and plan part-prepayments.
What charges apply when consolidating?
Foreclosure charges on existing loans (often nil on floating-rate facilities), plus processing fee, valuation, legal and stamp costs on the new loan. Factor 1%–2% of the loan amount.
Will consolidation affect my CIBIL score?
Closing multiple loans and running one well-conducted facility usually improves the score over a few months, provided you do not re-borrow on the cleared limits.