Debt Consolidation Calculator
Use our debt consolidation tool in section 2 to see if your monthly outgoings could be reduced when you consolidate your existing credit agreements. Alternatively if you already know how much you would like to borrow simply select the loan details in section 1.
1. I know how much I want to borrow show me the cheapest loans available:
2. I'd like to know how much I could save with a debt consolidation loan:
Sponsored Products
The following debt consolidation loans can be applied for through moneysupermarket.com.
To view all products please use the search tool above.
Click on your credit profile:
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| Loan | APR | Comments | ||
FirstPlus Exclusive Rate | 6.6% |   | Cheapest homeowner loan rate in the UK! For loans £10,000 - £100,000. Typical APR 8.1% |  |
Moneyback Bank | 7.6% | | Earn moneyback with payment protection. Typical APR 7.6% | |
Alliance & Leicester | 7.7% | | Applying online takes 10 mins and you could have a decision within the hour. Typical APR 7.7% | |
Barclaycard Personal Loan | 7.8% | | Simple and quick online application. No arrangement fees. Typical APR 7.8% | |
Halifax (Semi-exclusive) | 7.8% | | No repayments for first three months. Typical APR 7.8% | |
Bank of Scotland (Semi-exclusive) | 7.8% | | Loans available from £7,000 to £13,000 No repayments for three months. Typical APR 7.8% | |
Barclays | 8.9% | | Existing customers can get an immediate decision. Typical APR 8.9% | |
| Loan | APR | Comments | ||
| FirstPlus Exclusive Rate | 8.1% | | Cheapest homeowner loan rate in the UK! For loans £10,000 - £100,000. Typical APR 8.1% | |
Norton Finance | 8.9% | | Homeowner loan for any purpose. Typical APR 13.9% | |
Ocean Finance | 9.5% | | Loans for homeowners. Fixed for loan term available. Typical APR 14.9% | |
Central Capital | 10.6% | | All circumstances considered. Typical APR 14.9% | |
| Loan | APR | Comments | ||
| Norton Finance | 12.4% | | Homeowner loan for any purpose. Typical APR 16.4% | |
| Ocean Finance | 13.9% | | Loans for homeowners. Fixed for loan term available. Typical APR 14.9% | |
Everyday Loans Limited | 59.6% | | A straightforward way to borrow money locally - as and when you need it. Typical APR 59.6% | |
Homeowner Loans: The actual rate available will depend upon your circumstances.
Ask for a personalised illustration.
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Contact Moneysupermarket.com at Moneysupermarket House,
St David's Park, Ewloe, Flintshire CH5 3UZ.
St David's Park, Ewloe, Flintshire CH5 3UZ.
If you are looking to consolidate your existing debts (such as loans, credit cards
and hire purchase agreements) into one monthly payment, perhaps because you wish
to reduce the amount you repay each month or because you want to simplify your finances
so you pay just one creditor, then it’s important to shop around for the right deal.
Research from the Office of Fair Trading (OFT) found that two thirds of borrowers
fail to shop around for debt consolidation products such as unsecured or secured
loans, instead preferring to obtain quotes from just one finance company. By searching
online for the right debt consolidation solution you can significantly reduce the
amount you pay each month, although it’s important to remember that consolidating
your debts can cost more in the long term, particularly if you take out a debt consolidation
loan with a higher interest rate or a longer term. It is also worth bearing in mind
that there can be other costs involved, such as arrangement fees and redemption
penalties on your existing credit arrangements.
* Where you are able to reduce your monthly payments the figures produced are approximate values only. We calculate your potential savings using the following method:
- Your total outstanding balance is used as the amount required as a new loan.
- We then source the lowest monthly repayment available for the duration (in years) you specified.
- We then compare the lowest monthly repayment amount available with your current total monthly repayment to determine how much, if anything, you could save each month by consolidating your existing debts into one new loan.
The figures we quote are an illustration of how much you could save each month by consolidating your total debts, based on the information you provided. You should be aware that some lenders price for risk and therefore the rate you are offered could differ from the typical rate quoted. This could affect the amount you will save each month. You should also note that some credit companies will charge an early settlement penalty should you opt to repay your credit agreement before the agreed end date. Extending the repayment term can reduce the monthly repayment but can increase the total amount charged for credit.
MISSING PAYMENTS WILL HAVE SEVERE CONSEQUENCES AND MAY MAKE OBTAINING CREDIT MORE DIFFICULT IN THE FUTURE.