Debt Consolidation Loan Calculator - UK
Step 1 - Use the first slider to select how much you want to borrow
Step 2 - Select the repayment term using the second slider
Step 3 - Use the third slider to select an interest rate. Now you can see how much your loan will cost you each month at different interest rates.
Use this simple debt consolidation calculator to work out how much a debt consolidation loan might cost you.
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A debt consolidation loan may be a good idea in certain circumstances. A debt consolidation is designed to give the borrower a loan at a relatively lower interest rate in order to pay off several smaller debts with higher interest. This process may be able to help simplify the debt repayment (multiple bills are now one) and in many cases it can lower the interest rate as well.
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