Debt consolidation calculator

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Thinking of paying off your existing debts with a debt consolidation loan?

Use our calculators below to work out how much you could save. Consolidating all your high interest loans and credit cards with a lower interest loan, could be a good way to save money each month.

Our calculators will give you an estimate on how much you could save. You can also get an idea of the monthly repayments.

Relax and let us find you right debt consolidation loan

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“I managed to reduce my crippling monthly payments from £1,500 to less than £300. Lifechanging.”  

The loan they found for us was a god send saving us over £1000 a month.”

“ managed to get me a secured loan to consolidate all of my debt and a big chunk of cash to remodel my garden, saving me £700 a month.”

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Compare loans from over 50 lenders to find the loan the suites you best. Just fill out the quick form. Our automated systems will find the best debt consolidation loan we have available for your circumstances.


  • Reduce your monthly repayments
  • Lower overall interest rates
  • No impact on your credit score
  • Pre-approval available
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Why should I consolidate my debts?

This is one of the most effective ways to stop debt from growing out of control. If you have a lot of high-interest personal loans and credit cards, there are many reasons why consolidating them into one lower-interest loan can be beneficial.

What are the benefits?

One of the biggest benefits of debt consolidation is that it allows you to reduce the number of payments due each month and it can reduce your monthly repayments by up to 50% .

This means less stress and more money in your pocket every month.

Could you reduce your monthly outgoings?

Use our debt consolidation loan calculator below and find out – it takes seconds

Compare the best rates for loans from £1,000 to £500,000

Secured loans are secured against a property, due to this they tend to have lower interest rates. You can also borrow larger amounts if you have the available equity.

What can I use a debt consolidation loan for?

Consolidate Credit Card Debts

Credit Card Debts

Lots of credit cards have high interest rates.

Many borrowers overlook this because of how easy they are to use.

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Unsecured Loans

Unsecured and personal loans vary greatly in the interest they charge. Look carefully at what you are currently paying if you are consolidating these loans.

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Bank Overdrafts

Unauthorised overdrafts can be some of the most expense ways to borrow money. Try to keep inside the authorised limit.

What is a debt consolidation loan?

A debt consolidation loan allows you to consolidate your high-interest debts into one lower-interest loan, making it easier to pay off your credit card bills and other debts in the long run.

Debt consolidation can be one of the most effective ways to stop debt from growing out of control.

Normally the debts you are consolidating are more expensive than the new debt consolidation loan.

Why would I use a debt consolidation loan?

Most credit cards have quite a high interest rate, but the minimum monthly repayment could be quite low. The problem with this is they don’t get paid off for many years.

Consolidating £15,000 of credit card debt with an average APR of 25% with a new debt consolidation loan of 7% APR, could make a lot of sense.

How does it work?

It’s simple. A debt consolidation loan is basically a new loan that pays off old debts. The money you borrow is used to pay off your other creditors. Once your old debts are paid off, you’ll have just one bill to worry about paying, the monthly payment on your consolidation loan.

What is an unsecured debt consolidation loan?

This is a loan that does not use any collateral for security, like your property or car. Therefore, the lender is relying on you to make all the payments.

A debt consolidation loan needs to have an interest rate lower than the debts you are paying off. For this reason, you will probably need a reasonably good credit rating.

What is a secured debt consolidation loan?

This is where the lender has a charge or title over something you own. One of the most common securities is a property. This would then be a secured loan or a second charge mortgage.

You need to make sure you can afford the monthly repayments otherwise the lender may look to take possession of the security.

If you are having problems making payments then it’s always better to tell the lender as soon as possible. Most lenders are sympathetic and will look like find a way to help you.

Is it a good idea to consolidate my debt?

It’s not always easy to get out of debt. But if you’re determined, there are some things you can do to make it easier and more likely that you’ll succeed.

One thing is to try to pay off as much of the debt as possible before you go into debt consolidation. Also, make sure your current loans and credit cards are update with the monthly repayments if you can.

If you’re struggling to find money to pay off your debt, then you may want to consider using a debt consolidation loan. A debt consolidation loan allows you to combine all your debts into one loan. can give you qualified advice on the best way forward.

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Representative Example for secured loans & Second Charge Mortgages: If you borrow £18,000 over 10 years, initially on a fixed rate for 5 years at 7.4% and for the remaining 5 years on the Lender's standard variable rate of 7.9%, you would make 60 monthly payments of £249.27 and 60 monthly payments of £254.63. The total amount of credit is £19,657 (this includes a Lender Fee of £595 and a Broker Fee of £1,062). The total repayable would be £30,234.00. The overall cost for comparison is 10.42% APRC representative. This means 51% or more of our clients receives this rate or better for this type of product. We have arranged borrowing with rates from 4.9% to 29% APRC which has allowed us to help customers with a range of credit profiles. We are a broker not a lender.

Secured Loans have a minimum term of 36 months to a maximum term of 360 months. Maximum APRC charged 29%. If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.