Cost of debt consolidation

Consolidating your debts with a single loan at a lower interest rate

Here’s a handy tool to help you determine the monthly payment on a loan that would combine all your various loans into a single obligation. Once you know your monthly payment, remember to budget accordingly to make sure you’re able to manage this loan.

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Result

If you have a loan principal of
repayable over
at interest
you would need to pay
The total interest payable on this loan would be
The total amount to be repaid would be

To learn more about debt consolidation, click here.