Debt consolidation calculator

Compare your current debts with a single consolidation loan. Enter each debt (balance, monthly payment, interest rate), then the new loan rate, term and any fees. Suited to Australian personal loans — use comparison rates and establishment fees when you compare offers.

Current debts (enter each loan or card)

Leave a row blank to skip. We’ll total your balance, combined payment and estimate total interest to pay off each debt.

Balance ($) Monthly payment ($) Interest rate (% p.a.)

Quick entry (single combined debt): If you prefer, enter total balance, combined payment and average rate in row 1 only.

Consolidation loan (Australian market)

If the lender gives a comparison rate, enter it here and we'll use it instead of the interest rate for the loan.

Drag the slider to compare: shorter term = higher repayment, less interest. Longer term = lower repayment, more interest.

Results

Current — combined monthly payment —
Current — est. total interest to payoff —
Current — longest payoff (years) —
Consolidation — monthly payment —
Consolidation — total cost (interest + fees) —
Break-even (months to recover fees) —
Total cost saved or extra —

At this term: — per month · — in total cost vs current path

Comparison rates and fees vary by lender. This is an estimate only, not advice. This is an estimate only, not personal advice. Omission of data or unique variable will have a considerable influence on outcomes. Consider speaking to a licensed adviser for a plan tailored to you where personal variables will be confirmed by supporting documents specific to your preferences and circumstances

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What to do next

In Australia, use the comparison rate (not just the advertised rate) when comparing personal loans — it includes fees. Many lenders charge no establishment fee. Use these figures when comparing offers; consider speaking to a broker or lender for personalised rates.

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Information is intended to be only used as a guide. We highly recommend you seek professional advice from licensed professionals. Omission of detail may make scenarios and opportunities not suitable for your specific circumstances.