Financial decision guide and interactive simulator

Debt consolidation calculator

Will one loan reduce the real cost of my debts without extending them too far?

What this calculation is designed to show

Consolidation can simplify payments and reduce interest, but fees and a longer term can outweigh a lower monthly instalment. The old and new paths should be compared over their complete payoff periods.

How to test the decision

Include initiation, settlement and monthly service fees. Test making the current total payment on the new loan instead of accepting the minimum proposed payment.

Using the result responsibly

Change one important assumption at a time and compare a cautious case with the expected case. The interactive calculator below updates from the values you enter. Its output is an educational estimate, not financial, tax, legal or investment advice.

Read the calculation methodology or learn about The Finance Check.