Debt consolidation calculator (estimate DCP monthly repayment)

Thinking about consolidating your debts? This free debt consolidation calculator helps you estimate a single monthly repayment, total interest, and repayment period (tenure) based on your inputs. Enter your current balances and test different tenures and interest rates to see what a consolidated repayment schedule could look like. Note that these are estimates only – actual offers may differ based on eligibility and fees. If want to learn about eligibility rules and the official DCP criteria, check our Debt Consolidation Plan (DCP) guide. if you are ready for the next step, match with personalised debt consolidation plan options.

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1

Add your current debts

Enter what you still owe on your existing loans or credit cards — rough estimates are fine.

Don’t worry if the numbers aren’t exact – rough estimates still help give you a good idea.

Current debts

Monthly repayment

$ 0

Tenure

0 months

Interest rate

0 %

Estimated rate, actual rate may differ. Edit to enter your own rate if you have one from a loan provider.

Loan amount

$ 0

Debt consolidation is typically used for combining multiple debts. Please add at least 2 debts to see how consolidation could help.

2

Your debt consolidation loan info

Select what matters most to you — you can always change your goal anytime to see how the results differ.

3

Adjust your preferred consolidation loan terms

Here’s your estimated plan based on your goal — adjust the terms to see what works best.

Current debts

Monthly repayment

Tenure

Interest rate

Estimated rate, actual rate may differ. Edit to enter your own rate if you have one from a loan provider.

Loan amount

New consolidation loan¹

Monthly repayment

Tenure

Interest rate²

%
Estimated rate, actual rate may differ. Edit to enter your own rate if you have one from a loan provider.

Loan amount

Excluding interest

Monthly repayment

$

Tenure

months

¹All 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 financial institutions directly for accurate and personalised information.

²Rates are capped at 30% for banks and 48% for licensed moneylenders.

Should I consolidate?

Consolidate

Consolidate

Current debts

Current debts


Monthly repayment


Tenure


Annual interest rate


Loan amount


Total interest amount


Total repayment³

³Inclusive of interest

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Benefits of a debt consolidation calculator

A fast, simple way to check if consolidation could work for you.

A debt consolidation calculator makes it simple to test different repayment scenarios and quickly compare various debt consolidation loans to determine which one would work best for your situation. With a few simple clicks, you can instantly see how much a single consolidated loan might cost each month, and see how your repayment options stack up against each other. You can then what is right for you without doing any complex math or analysis yourself.

A debt consolidation loan calculator is a helpful tool when it comes to planning your monthly payments. With one quick calculation, you get a clearer picture of your current financial obligations and how a debt consolidation loan could help you save. This helps you plan your monthly budget more effectively, ensuring that your repayments are manageable both in the short term and over the life of the loan. This way, you can be sure you are choosing a repayment plan that works best for you without any surprises.

Keep in mind that the calculation in the debt consolidation calculator are only as accurate as the information provided. It may not include additional fees that might be incurred. For a more accurate personalised loan rate, we recommend submitting an application on Lendela to view personalised loan options.

When you’re juggling multiple debts, it’s easy to feel uncertain about your most favourable and cost-efficient loan plans. Using a debt consolidation calculator gives you more confidence by showing you exactly how your repayments could look like and how much you could save. A debt consolidation calculator provides borrowers with practical information that will help you can make a more informed decision without the overwhelm of calculating everything on your own, and ultimately grant you peace of mind with the loan choices available to you.

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