Wondering if debt consolidation can help you save? Find out how much you could reduce your monthly repayments — just by combining your debts into one simple loan.
Simply key in all your current debt obligations and we'll show you what a single monthly repayment could look like with a debt consolidation loan.
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Don’t worry if the numbers aren’t exact — rough estimates still help give you a good idea.
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Debt Consolidation Terms
Enter the details of your debt consolidation loan quote from your bank or loan provider, or use our suggested market-average terms if you don’t have one.
This calculator works based on the following assumptions:
Monthly payments remain fixed throughout the repayment period, with no early or additional repayments made.
No early repayment fees are included.
When an existing loan is fully repaid, your total monthly repayment amount will decrease — the amount from the paid-off loan is not redistributed to other loan payments.
The interest rate is divided evenly across 12 monthly payments.
Interest is charged at the same frequency and on the same day as each monthly repayment.
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All results from this calculator are for guidance only and do not constitute financial advice. Actual loan terms, rates, and approval outcomes may vary. Please consult with lenders directly for accurate and personalised information.
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A debt consolidation loan is a type of personal loan that can help borrowers consolidate multiple debts into a single, more manageable loan. It is an effective solution for people who struggle with multiple debts at various interest rates; a debt consolidation loan typically has one interest rate and repayment plan, which makes it significantly easier to keep track on. Additionally, debt consolidation can enable borrowers to reduce their overall monthly cost since it normally involves extending the term of the loans, resulting in lower monthly payments. Read more here: Debt consolidation in Hong Kong.
Struggling with multiple high-interest debts?
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Replace multiple high-interest debts, like 30%+ credit cards, with one consolidation loan at 3-18% - enjoy lower monthly payments, significant interest savings, and and the convenience of a single due date.
Choose a repayment plan that fits your budget — from short-term to extended periods up to 72 or even 84 months. Adjust your schedule for stress-free debt clearance.
Repeated borrowing to cover existing debts negatively impacts your credit score. By consolidating debts into a single loan and adhering to scheduled repayments, you can systematically enhance your credit rating over time.
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