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Debt Consolidation Loan Calculator

Updated 5 February 2025
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Our calculator shows you are paying now on your current interest rate and the savings you could make my taking out a debt consolidation loan. Our debt consolidation guide outlines the latest and lowest interest rate deals to save you money.

If your debt is credit card or similar, consider applying for a balance transfer credit card - interest rates are currently 0% for up to 12 months.

How this calculator works:
  1. Simply enter in your current loan amount, current interest rate and the term of your loan (in years) and the debt consolidation interest rate. 
  2. The calculator shows your new monthly payments, how much you can save to help you pay off debt faster.
Debt Consolidation Calculator
Consolidate your debt at the new rate:
Lower repayments
Keep repayments the same
Monthly Repayments:
$0
Difference per month:
$0
Interest Saved over Loan Term:
$0
Christopher Walsh
MoneyHub Founder
Unlock the Best Personal Loan Rates with MoneyHub – Don't Overpay When Getting Personal Loan

Are you tired of overpaying with high interest rates and exorbitant fees? Our research shortlists three outstanding lenders known for their fair rates and reliable service:
Checking what interest rate you'll get is quick and easy - just a few minutes could save you thousands, given the range of interest rates. 

Remember, it's the interest rate you agree to now that makes a huge difference when you repay your loan week after week. We believe that signing up for finance with a car salesperson or via a bank is unlikely to be the cheapest option.

Advertising Disclosure: We may earn a commission from loans, but our top picks are always based on rigorous research and your best interest.
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