DEBT CONSOLIDATION CALCULATOR 

A debt consolidation loan lets you take separate balances — like credit cards, store cards, and personal loans — and merge them into a single new loan. Instead of juggling multiple due dates, rates, and fees, you only deal with one repayment and one fixed term. Many Australians use consolidation to simplify cashflow, gain more certainty around their repayment schedule, and potentially reduce the total monthly cost if the new rate is lower than what they’re currently paying across those separate debts.

A debt consolidation calculator allows you to input your existing balances and repayments and then compare these against a single consolidated loan scenario. Instead of guessing, you can see the difference side by side — total debt in one bucket, estimated monthly cost now, and the estimate if that debt was moved to one loan under a single interest rate and term. This makes it easier to understand whether rolling everything into one loan could improve your cashflow, or whether you’re better off staying where you are.

Debt consolidation is often considered by people who have several debts with different rates and repayments — especially if credit card balances are eating up most of their disposable income. Instead of spreading money across six or seven separate repayments, consolidation aligns those balances into one structured, predictable schedule. It’s not about hiding debt — it’s about making it more manageable, more consistent, and less chaotic. This approach can also help people who want a clearer financial timeline, because consolidation moves floating balances (like cards) into a fixed term with an end date.

Managing one repayment instead of many removes friction and reduces the chances of missed payments. If the new loan rate is lower than what you’re currently paying across high-interest credit cards, you may also pay less over time — especially if you stop adding new debt. Consolidation can also provide a psychological shift: instead of feeling like debt is “open-ended”, a loan with a defined term gives a finish line. For many people, this clarity is just as valuable as the interest saving itself.

Consolidation isn’t automatically cheaper. If you extend your debt across a longer term, your repayment each month may fall — but you may end up paying more total interest. And if a lender requires security, you need to be clear about what asset is being tied to the loan and what the risk is if things go sideways. Also — if you consolidate but continue spending heavily on the cards you just cleared, you can end up worse off. Consolidation works best when it’s paired with disciplined future spending, not as a reset button to run balances back up again.

A credit card debt consolidation calculator focuses on the reality that credit cards usually carry much higher interest than a standard personal loan. By entering each card balance, the tool estimates what those cards are costing you each month — and then compares that to a single consolidated repayment at a set rate over a fixed term. This lets you see in black-and-white whether consolidating those card balances could lower your ongoing cost and help you break the revolving-balance cycle that keeps many Australians stuck paying interest instead of clearing debt.

he calculator gives you an estimate — but to see actual rates from real lenders you’ll need to complete our short online pre-check. This lets us assess your details properly and match you with lenders who offer consolidation loans — including those suited to rolling in credit cards, personal loans, and other unsecured balances. We work with 70+ Australian lenders, so instead of shopping around one-by-one, our system compares your profile across the market. Once you’ve seen the real options — you can continue online or speak with one of our Australian-based brokers who will step you through the next stage.