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Debt consolidation calculator
Juggling credit cards, buy now pay later and loans? Compare what you pay now with one simpler loan, including the total cost over time, so you can see if it's right for you.
Estimates only, based on the details you enter. This isn't a quote, a loan offer or an approval, and it doesn't include fees and charges. Your actual rate and repayments will depend on your circumstances and lender criteria. Credit is subject to lender approval.
How to use this calculator
List every debt
Add each credit card, store card, loan and buy now pay later plan, with what you owe and what you repay each month.
Use your real repayments
Enter what you actually pay each month, not just the minimum for the most realistic comparison.
Compare the total cost
A lower monthly repayment is great, but check the total cost too. A longer term can mean paying more overall.
Is consolidating right for you?
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It can help if: you're paying high interest on several debts and want one due date.
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Weigh it up if: a longer term would add a lot of overall interest
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Watch for fees: Choosing a loan with no early termination fees means you can have the longer term, but ability to pay it off early.
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Close paid out accounts: Close paid off cards and accounts so the balances don't creep back up.
Learn more about debt consolidation
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Debt consolidation calculator common questions
Straight answers. Can't see yours? Give us a call.
Will consolidating my debts save me money?
It can, especially if you’re paying high interest on credit cards or store cards. But a longer loan term can mean paying more overall, so the calculator shows the total cost as well as your monthly repayment. We’ll compare it all with you before you decide.
Should I close my credit cards after consolidating?
Many people do, so the balances don’t build up again. We’ll talk through what makes sense for you, including keeping one card for emergencies with a lower limit.
When is the best time to do a debt consolidation?
Before you need to, we quite often have clients coming to us wanting to consolidate debts to free up cashflow, but they have already missed payments on their current loans. It's very difficult to get approved once you have missed payments. Chatting before you need it is the best way to ensure the best possible outcome.
Will using the calculator affect my credit score?
No. The calculator doesn’t ask for personal details or run a credit check, so you can try as many scenarios as you like.