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Debt Consolidation Loan Calculator

Updated 9 July 2023
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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
​MoneyHub's Top 3 Personal Loans - Avoid high interest rates and high fees with our top three trusted lenders.
  • Our car finance and personal loan research highlighted three leading lenders that reliably and consistently offer fair interest rates to the majority of borrowers.
  • We suggest contacting Harmoney, First Credit Union and Lending Crowd to see what interest rate they will offer.
  • Applying takes only a few minutes for each site. There is no obligation to accept any loan offer.
  • The more you compare (without paying any application fee), the better chances you have of finding the best deal and financing your needs for the lowest price.
  • Remember, its the interest rate you agree to now that makes a huge difference when you repay your loan week after week. Signing up for finance with a car sales person is unlikely to be the cheapest option. 
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