Debt consolidation calculator
If you have multiple debts, payments outstanding on different dates and need to get control of your finances, a debt consolidation loan from Plenti may be a good option for you. Add in your debts below and your current repayment amount to calculate what your estimated monthly debt consolidation loan repayments and savings could be.
Prior to using this calculator, please see "Debt Consolidation Loan Calculator" in the Important Information section below to understand how this calculator works
What is a debt consolidation loan?
Debt consolidation is the process of combining multiple debts - such as credit cards, personal loans, and store cards - into a single loan with one repayment date and amount. This can simplify your financial management by eliminating the hassle of juggling multiple different payments.
How a debt consolidation loan could help you
Lower interest rates
Save money with potentially lower interest rates compared to high-interest debts, such as credit cards.
Simplified payments
Make managing your finances easier by consolidating debts into a single loan.
Improve Credit Score
Consistently making on-time payments on your consolidated loan can positively impact your credit score.
How the debt consolidation process works
Assess Your Debt
List all debts, including outstanding amounts, repayment amounts, interest rates, and repayment frequencies. Combine these figures to understand your current financial obligations.
Apply Now
Submit your application today. If approved, you could receive your funds in as little as 24 hours to pay off existing debts.
Streamline Your Repayments
With just one loan and one monthly repayment, you can simplify your financial commitments and say goodbye to juggling multiple payments.
See how our rates stack up
Compare our personal loan interest rates against the big 4 banks (including CommBank, Westpac, ANZ, & NAB)
Rates as of 03/04/2025.
Excludes any short term promotional rates. View the fine print for important information.
Your questions answered
How do I use the debt consolidation loan calculator?
Our calculator estimates your potential savings by consolidating multiple debts into one loan. To use the calculator:
- Enter in your existing debts with their associated interest rates and monthly repayments
- Once you have entered in your debts and checked the total amount is correct, adjust your credit history and desired loan term to view your potential savings
How much can I borrow with a debt consolidation loan?
Does using the debt consolidation calculator affect my credit score?
Can I use the debt consolidation calculator for different types of debt?
What should I do after using the debt consolidation calculator?
Looking for another type of calculator?
Our car loan repayment calculator helps you understand your potential estimated monthly repayments for a new or used car.
Calculate what your repayments could be with a Plenti personal loan.
Get your personalised rate
Apply in 10 minutes and you could get your funds as soon as the next day.