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Debt Consolidation Loans Calculator

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  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Check eligibility with no impact on your credit score
Check my eligibility nowThis won't affect your credit score

Representative example: Amount of credit £2,000 for 24 months. Interest rate: 41.2% pa (fixed). 24 scheduled monthly payments of £123.64. Total amount payable: £2,967.43. Representative 49.9% APR.

Use a debt consolidation loans calculator to compare the real cost of borrowing

A debt consolidation loans calculator can help you estimate what a new loan could cost before you apply. If you are juggling credit cards, overdrafts or existing loans, it gives you a clearer view of what one fixed monthly repayment could look like and how long repayment might take.

The real value is in comparing more than the monthly figure. You can test different terms, look at the likely total cost and decide whether consolidation would genuinely make repayments easier to manage. Once the numbers make sense, you can check your eligibility with 118 118 Money without affecting your credit score.

Check whether a debt consolidation loan could be right for you
Use the eligibility checker to see whether you are likely to be accepted before you apply.
Check my eligibilityThis won't affect your credit score
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Why people use a debt consolidation loans calculator

Most borrowers use a calculator to answer three practical questions before they apply: what could the monthly payment be, what might the loan cost overall and would consolidation actually simplify their budget.

Estimate one payment. See what one fixed monthly repayment could look like if you replace several balances with one loan.

Compare loan terms. A longer term can lower the monthly figure, but it may increase the total amount repaid.

Pressure-test affordability. Use the estimate to judge whether the repayment feels realistic for your monthly budget.

Spot the trade-offs. A calculator helps you compare convenience against the full cost of borrowing.

Apply with more confidence. Once the numbers feel clear, you can check eligibility without affecting your credit score.

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3 simple steps to move from estimate to application

  • Check your eligibility with no impact to your credit score
  • Review your offer, set up your Direct Debit and sign
  • Receive funds in 15 minutes*
Check my eligibilityThis won't affect your credit score. *This can vary from 15 minutes to 2 hours depending on your bank.
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What to consider before applying

Debt consolidation works by replacing several existing debts with one new loan. That can make budgeting easier because you only have one payment date and one lender to manage. It can also help you understand more clearly when your borrowing could be repaid in full.

However, a calculator is only a guide. The rate you are offered and the amount you could borrow depend on your personal circumstances, credit information and affordability checks. Before applying, compare the new loan with the debts you plan to clear. If the term is longer, or the rate is higher than what you already pay, the total cost could rise even if the monthly repayment looks lower.

If you go ahead, it is important to use the funds to clear the debts you intended to consolidate. Keeping old balances open and borrowing again can leave you with more debt, not less. If you need wider debt support, free and impartial guidance is available from MoneyHelper.

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Frequently Asked Questions

A debt consolidation loans calculator gives you an estimate of monthly repayments, the total amount repayable and how loan term or APR can change the overall cost.

Yes. A longer term can reduce the monthly payment but increase the total amount repaid because interest is charged for longer.

No. You can check your eligibility with 118 118 Money before you apply and it will not affect your credit score.

If accepted, you could borrow from £1,000 to £8,000 and repay over 12 to 60 months, depending on your circumstances.

It can. A debt consolidation loan can bring eligible existing borrowing into one loan so you have one monthly repayment to manage instead of several.

Check whether a debt consolidation loan could work for you

See whether you are likely to be accepted before you apply. Your eligibility check will not affect your credit score.

Check my eligibility
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Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply.