Got debts spread across cards and loans? See whether rolling them into one consolidation loan would lower your monthly payment — and whether it costs more overall.
What you owe now
£
%
£
The consolidation loan
%
6 mo36 months84 mo
Change to monthly payment
£0
Now vs consolidated
A lower monthly payment over a longer term can still mean paying more interest overall. Compare the total cost, not just the monthly figure.
These results are estimates for general information only and are not financial advice. Check every figure yourself and seek appropriate advice from a qualified professional before making any decision. Read the full disclaimer.