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Home Loan EMI Calculator

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Home Loan Debt Consolidation Calculator

Home Loan Debt Consolidator Calculator

1

Enter your existing loan details

Maximum 5 loans

2

Add it to the Consolidator

See how

3

Click on “Done”

Existing Loan Details

Loan Amount

INR
Tenor Month
Rate of InterestPercent

change your tenure

Month

change your interest rate

Percent

Your EMI will be Rs.66,429 per month

Consolidator

Loan Type

Loan Amount

(lacs)

Loan Tenor

(months)

Rate of Interest

(percent)

EMI

Post Consolidation

0.90%

Savings in Rate of Interest (Absolute)

Rs. 12,279

Savings in Monthly EMI (Absolute)

7.25%

Savings in Rate of Interest (Percentage)

75.25%

Savings in Monthly EMI (Percentage)

What is Debt Consolidation?

Debt consolidation is a fresh loan which you borrow from Bajaj Finserv, in order to clear off all the other existing smaller loans. The debts can be unpaid medical bills, credit card dues or any other kind of loan. Bajaj Finserv provides debt consolidation programs, in order to help people in consolidating multiple debts into one major loan.

Is debt consolidation helpful?

Debt consolidation helps you to harness and channelize your financial planning. By integrating smaller debts into a single loan, you can direct your finances in a focused manner. This is because you will be required to make only one monthly payment, instead of numerous. Plus, other types of loans come with comparatively higher interest rates, which are also likely to get influenced by the market. However, debt consolidation loans come with fixed interest rate.

How different is the interest rate in a debt consolidation program?

Bajaj Finserv provides debt consolidation plan at a lower home loan interest rate, as compared to the other types of loans. Plus, the rate of interest is fixed and is not liable to change, as per any fluctuation in the market rates.

What is Bajaj Finserv debt consolidation calculator?

Bajaj Finserv debt consolidation calculator is an application that helps you to calculate the amount of loan, which is required to consolidate all your debts into one. There is a self-explanatory form given on the website, where you can fill in the required details to get started.

How is the debt consolidation calculator helpful?

Bajaj Finserv debt consolidation calculator is significantly beneficial, since it helps you to calculate the consolidated loan amount and helps you to decide, whether amalgamating all your debts into a single loan is appropriate for you or not. Being aware of your loan amount in advance, helps you to plan your finances better. Also, this calculator helps you to adjust a consolidation plan as per your budget and requirement.

How to operate the debt consolidation calculator?

The instructions to use Bajaj Finserv debt consolidation calculator are mentioned on the website. You can refer to the step by step procedure, by clicking on 'Debt Calculator' link.

Who can use this kind of calculator?

Anyone who intends to apply for Bajaj Finserv debt consolidation program, can use debt consolidation calculator.

How can I avail help while using debt consolidation calculator?

The instructions to use the calculator are mentioned on the website, and are self-explanatory. However, should you face problems while using the calculator, feel free to visit our nearest branch. Our skillful customer service team will assist you with your respective query at the earliest."

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