Rytvae Consulting · Think Right · Invest Right
Debt Consolidation Calculator
Result
Chart
Show formula & working
Weighted rate = Σ (balance × rate) ÷ Σ balance
Saving = Interest still to pay on current debts − (Interest on the new loan + fees)
Each current debt is run to the end at its current monthly payment.Details
GST on loan processing and similar fees: rates and rules as of 28-Oct-2026 · Source: GST rate schedule for services, heading 9971 (CGST 9% + SGST 9%); CBIC Circular 218/12/2024-GST on processing fees. Every figure based on it stays editable.
How this works
Consolidation replaces several debts with one loan — ideally at a lower rate. It helps most when expensive card balances are involved.
Watch the tenure: a longer new loan can lower the EMI while raising the total interest.
Frequently asked questions
Will consolidation hurt my credit score?
A new loan is a fresh enquiry, but closing card balances and paying on time usually helps over time.
What if I keep using the cards?
Then the debt comes back on top of the new loan. Consolidation works only if the old balances stay cleared.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.