Debt consolidation calculator.

Helps you:

  • Itemise and review your total unsecure debt and monthly repayments.
  • Identify potential savings by consolidating this debt into a new loan based on a new rate and time frame.
  • This is not a mortgage refinance or credit card calculator.

*Note: The results from this debt consolidation calculator should be used as an indication only. It is a rough guide only for ease in simulation. Due to responsible lending obligations not everyone qualifies for credit. Speak to your finance broker or credit provider to find out whether this strategy is right for you.

How much could debt consolidation save you?

Current Debt


Total Debt$0

Total Repayments$0 per month

New Consolidation Loan

Interest Rate
Years to pay back

New Monthly Payment$0

You could save$0 per month

How to use this debt consolidation calculator

  1. Add all your unsecure debt (personal loans, credit cards, store cards, payday loans, outstanding bills, etc) into the calculator. Use the ‘add another’ feature for each debt inserting the debt amount and current repayment based on week, fortnight or month.
  2. Then use the ‘Interest Rate’ and ‘Years to pay back’ features to see potential savings and new monthly repayment.

When considering a debt consolidation loan make sure:

  • You are fully informed across terms and pros/cons of the finance.
  • Your repayments have been reduced and there is a real long term benefit to you.
  • You are aware of all fees, costs and total amount to be repaid.
  • You have achieved control over all your debt.

Whilst debt consolidation is effective
– there are other options

A debt consolidation loan can be a good tactic for tackling debt. However, not everyone qualifies and though there are benefits, there are also drawbacks. Before committing to any type of debt reduction strategy, make sure you are aware of all options – Learn more about and compare different debt relief strategies here.


Debt consolidation calculator versus credit card debt calculator

The main difference between the two calculators is based on the difference in debt. Credit cards are a revolving line of credit based on available balance . Debt consolidation calculators are generally geared to a personal loan across a set rate and end date.

Are there free debt consolidation calculator spreadsheets?

There are numerous websites and services that provide a variety of debt payoff spreadsheets. Microsoft Office provides a range of free templates – https://templates.office.com/

Free Australian debt consolidation calculator

Dealing With Debt Provides a free debt calculator which compares the different debts you insert into the calculator versus a new loan. It highlights potential savings or increase for those who want to pay more and get out of debt sooner.

How much can you save through a debt consolidation loan?

By using a debt consolidation loan calculator, you can quickly compare the savings of taking on a new loan versus the combined debt you’d like to consolidate.

Note – debt consolidation is simply the restructuring of debt. Savings are created by paying back less interest and fees. Consider the interest rate, the fees, and how long it will take to pay it off.

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