Debt Consolidation Loan Calculator
Updated 9 July 2023
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:
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:
- Simply enter in your current loan amount, current interest rate and the term of your loan (in years) and the debt consolidation interest rate.
- 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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