Personal Loan & Debt Consolidation Calculator
Compute personal loan EMIs with origination fees, evaluate debt consolidation savings, and simulate extra monthly prepayments
Total borrowed personal loan cash
Fixed annual percentage rate
Upfront lender processing fee
Monthly Equated Monthly Installment (EMI)
$494.61
Total Repayment: $17,805.96
Financed Principal + Fee: $15,450.00 • Lifetime Interest: $2,355.96
Total Lifetime Interest
$2,355.96
Cost of borrowing over term
Origination Fee Amount
$450.00
3% deducted or added to loan
Total Cash Outflow
$17,805.96
Sum of all monthly payments
Effective APR Cost Rate
12.84%
Adjusted for upfront fee deduction
Existing Multiple High-Interest Debts vs. New Personal Loan
Sum of credit cards & loans
High revolving interest rate
Monthly Cash Flow Savings
+$82.93 / month savings
Estimated Lifetime Interest Saved: $3,214.20
New Monthly EMI: $571.07 vs. Current Outflow: $650.00
New Consolidated EMI
$571.07
Single predictable monthly payment
Monthly Cash Flow Delta
+$82.93 / mo
Extra money retained monthly
Total Interest Comparison
Lower Interest Cost
Significant drop from 22.5% to 9.9% APR
Financial Simplification
1 Payment vs Many
Eliminates multiple due dates
Accelerate Personal Loan Payoff with Extra Payments
Added to standard monthly EMI
Accelerated Payoff Horizon & Interest Saved
31 Months (Saved 5 Months)
Interest Saved: $318.40
Original Term: 36 Months shortened down to 31 Months
New Accelerated Term
31 Months
2 years, 7 months to zero balance
Months Eliminated
5 Months
Shorter financial commitment
Interest Saved
$318.40
Reduced borrowing cost
New Total Interest Cost
$2,037.56
Lifetime interest with extra payments