Debt Consolidation Calculator
Combine all your outstanding personal loans, home loans, credit cards and other debts in one place. Toggle balance transfer eligibility and instantly calculate your total loan amount, balance transfer amount, and the fresh loan you need.
No loans added yet. Click + Add Row to start.
| # | Loan Type | Outstanding Amount (₹) | Balance Transfer |
|---|
| Type | Total | BT Amount |
|---|---|---|
| No data yet | ||
Add each outstanding loan using + Add Row
Select loan type and enter outstanding amount
Toggle Yes for balance transfer eligible loans
View results: Total, Balance Transfer & Fresh Loan
What is Debt Consolidation?
Debt consolidation is the process of combining multiple high-interest debts — personal loans, credit card dues, home loans, and more — into a single loan with one monthly EMI. Instead of tracking several due dates and paying multiple lenders, you manage just one loan, often at a lower interest rate, reducing your financial stress and total interest outgo.
When Should You Consolidate?
- You have 3 or more active loans or credit card dues
- Your current interest rates are high (above 16–18%)
- You are missing EMI due dates regularly
- Your monthly EMI burden exceeds 50% of income
- You want to simplify repayment into one EMI
- A lender offers a lower consolidation rate
When to Avoid Consolidation?
- The new loan rate is higher than existing loans
- Processing fees make the deal unviable
- You are close to paying off existing debts
- You risk collateral (e.g. home) on a secured loan
- The tenure extension increases total cost
- No improvement in spending habits planned
How the Debt Consolidation Calculator Works
Our calculator uses a straightforward 3-metric model — matching how lenders actually assess your consolidation eligibility.
Calculation Formulas Used
Enter Salary
Input your monthly take-home salary. Lenders use this to determine loan eligibility and EMI-to-income ratio.
Add Each Loan
For every active loan or credit card, add a row, select the type, and enter the outstanding principal balance.
Mark Balance Transfer
Toggle "Yes" for debts you want to move to a new lender via balance transfer at a lower interest rate.
Read Results
Instantly see your total debt, balance transfer amount, and the fresh loan you need to apply for.
Loan Types Covered in This Calculator
Our tool covers all major loan categories available in India, helping you get a complete picture of your debt profile.
| Loan Type | Typical Interest Rate | Consolidation Benefit | Balance Transfer Available |
|---|---|---|---|
| Personal Loan | 10.5% – 24% p.a. | High — reduces interest significantly | Yes |
| Flexi / Overdraft | 13% – 20% p.a. | High — convert to fixed EMI | Yes |
| Credit Card | 36% – 48% p.a. | Very High — biggest interest saving | Yes |
Benefits of Debt Consolidation
When done right, debt consolidation can transform your financial situation — saving money, reducing stress, and improving your credit score over time.
Lower Interest Rate
Consolidating at a lower rate saves lakhs in interest over the loan tenure — especially if you carry credit card debt at 36–48% p.a.
Single EMI to Manage
Instead of multiple due dates and lenders, you make one monthly payment — simplifying budgeting and reducing the risk of missed payments.
Improved Credit Score
Regular on-time payments on your consolidated loan can significantly improve your CIBIL score within 6–12 months.
Reduced Monthly EMI
Consolidation can lower your total monthly outgo by combining debts at a lower rate with a longer tenure if needed.
Less Financial Stress
Managing one loan is far less stressful than juggling multiple creditors, rates, and deadlines every month.
Debt-Free Faster
A clear payoff schedule with one lender helps you stay focused and become debt-free with a definite end date in sight.
Ready to Consolidate Your Debt?
Submit an enquiry and the CredBazar team will get in touch to discuss debt consolidation options. Approval and terms are decided by the lender.
Frequently Asked Questions
Everything you need to know about debt consolidation in India.
For example: If your total outstanding is ₹3,68,635 and balance transfer amount is ₹1,90,000, then Fresh Amount = ₹1,78,635. This is the new money you need to borrow.
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