Debt Consolidation Loan Calculator

How to use

1. Add up the balances you plan to consolidate into one figure.
2. Enter the average APR those debts charge today.
3. Input the new loan's rate and repayment term.
4. Compare the new fixed payment with what revolving minimums cost.
5. Read the total saved across the full term, then decide.

General information only — not medical, financial or legal advice. Figures cross-checked against public official sources (IRS / HMRC / NHS / WHO guidance) as of 2026-08. For decisions that matter, confirm with a licensed professional in your country.

About this tool

Rolling several card balances into one installment loan replaces revolving minimums with a fixed payment and a definite end date, and this calculator quantifies the difference. Enter the total debt you would consolidate, the average APR you pay now, the new loan's rate and its term. The tool prices both scenarios over the same term and reports the new monthly payment, the monthly difference and the total saved across the whole payoff. On the defaults, 18,000 dollars moving from about 22.9 percent to 11.5 percent over 5 years drops the payment from roughly 506 to about 396 and saves close to 6,600 overall. Savings are estimates, not promises. Results compare amortization on the inputs entered only; loan fees, inquiries and eligibility vary by lender. Verify with official sources. Not financial advice.Personal loan origination fees, often 1 to 10 percent of the amount, are usually deducted from proceeds, so borrowing 18,000 may deliver less than that. A hard inquiry can dip your credit score briefly while the new account lowers your average account age. Consolidation only works if the paid-off cards stay unused. Verify loan terms with the lender.

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