Our debt consolidation calculator
Merge your unsecured personal loans, and other debts into one affordable payment.
See how much you could save with debt consolidation
Enter details of your existing debts and loans and learn how to improve your finances through effective debt management solutions.
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Frequently asked questions
Answers to commonly asked questions about our debt consolidation calculator.
Our debt consolidation calculator adds up your existing debt across multiple loans and shows you what the monthly repayments would look like if you were to merge them into just one loan.
For example, if you had a personal loan worth $2,000 and a car loan with a balance of $8,000, our calculator would combine them, creating a total balance of $10,000, while showing what this could mean for your monthly repayments and interest rates.
The benefits of a debt consolidation calculator is that it allows you to see how you could potentially combine all your debts into a single loan, for better financial management. Our solution offers instant results that aim to help improve repayment plans and increase your potential savings.
It’s a simple way to analyse your financial commitments so that you can work towards getting the most out of your monthly repayments and existing loan terms.
No.
Using our debt consolidation calculator doesn’t need to use your credit history in order to combine your loans, so using it will not impact your credit score.
All we need to know is your debt amount, interest rates, monthly repayments, and payment frequency. Sharing information on the different types of debts you have, such as an unsecured personal loan, home loan, car loan or credit card loan, can also be beneficial.
With this information, we can estimate what your new repayment date and monthly finances might look like if you choose to consolidate your debts into one loan, without ever needing to see your credit history.
Yes, our debt consolidation calculator is completely free to use, with no additional obligations or hidden fees. We’ll provide an instant and accurate estimate of what your new consolidated loan might look like and how repayments could work in the future.
Yes, but they can only be as accurate as the information you have provided. If the figures relating to your multiple debts aren’t precise, then our calculator won’t be able to provide the most accurate picture of your loan terms and repayment options, should you choose to consolidate them into one debt.
Make sure you have up-to-date information about your current loan amount, actual interest rates, repayment dates, additional fees, and loan type, so that we can provide the most precise assessment.
By reviewing comparison rates, ongoing fees, monthly payments, account fees, total interest, and any other funds attached to your existing debts, a debt consolidation calculator can help you understand the impact of consolidating debt. And this can sometimes include helping you see where you can save money.
It may show you how a new consolidated debt solution can offer lower interest rates and reduce monthly repayments, especially when compared to your existing debt. Our calculator estimates the most affordable option for your financial situation and highlights where potential savings can be made.
