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Combine multiple loans into one and calculate your EMI savings, interest savings, and new repayment schedule.
Current Total EMI
₹27,000
New EMI
₹16,998
Monthly Savings
₹10,002
Interest Saved
₹1,32,120
| Loan | Outstanding | EMI | Total Interest | Total Payment |
|---|---|---|---|---|
| Personal Loan | ₹3,00,000 | ₹12,000 | ₹1,32,000 | ₹4,32,000 |
| Car Loan | ₹5,00,000 | ₹15,000 | ₹2,20,000 | ₹7,20,000 |
| Total | ₹8,00,000 | ₹27,000 | ₹3,52,000 | ₹11,52,000 |
Debt consolidation is the process of combining multiple loans into a single loan with a lower interest rate or longer tenure. This can reduce your monthly EMI burden and total interest outgo.
Lower EMI
Single EMI is often lower than the sum of multiple EMIs.
Simplified Tracking
One loan means one due date and one lender.
Lower Interest Rate
Secured consolidation loans often have lower rates than unsecured debt.
Calculate savings from loan prepayment.
Compare multiple loan offers side by side.
Calculate personal loan EMI and eligibility.
Calculate home loan EMI with PMAY, tax benefits and prepayment.