# Debt consolidation calculator UK | ComputeNow

URL: https://computenow.co.uk/debt-consolidation-calculator/

> Compare paying off your debts as they are with one consolidation loan: monthly payment, time to clear and total interest and fees.

This calculator shows a worked example below. To use your own figures, add them to the URL as query parameters (listed in https://computenow.co.uk/llms.txt), for example https://computenow.co.uk/debt-consolidation-calculator/?<parameter>=<value>.

[What's Left, step 4 of 7: When will my debts be paid off?](https://computenow.co.uk/money-plan/#steps)

# Debt consolidation calculator

See whether combining your debts into one loan would save you money or just spread the cost.
Rates checked 18 October 2026
By the ComputeNow team, checked against GOV.UK and HMRC[Sources (2)](#sources)[How we calculate](https://computenow.co.uk/methodology/)

Consolidating cuts your payments by
£169.22
a month and saves £195.46 in interest.

## Side by side

| Item | Keep paying | Consolidate |
| --- | --- | --- |
| Monthly payment | £400.00 | £230.78 |
| Time to clear | 22 months | 36 months |
| Total interest | £1,003.44 | £807.98 |
| Interest saved by consolidating |  | £195.46 |

This is an estimate, not advice. If you are struggling with debt, free help is available from StepChange, Citizens Advice and MoneyHelper.

### Next steps

Added. [See what's left each month](https://computenow.co.uk/money-plan/)
[What's Left](https://computenow.co.uk/money-plan/) adds up your monthly figures from each calculator and shows what is left each month.
[Consolidating cuts your payments by £169.22 Breakdown](#result)

## If money's tight, free help is available

It's confidential, it costs nothing and getting advice won't affect your credit score. These services help people every day with bills, borrowing and debts of any size:

- [MoneyHelper](https://www.moneyhelper.org.uk/en/money-troubles) backed by the government, with a free debt advice locator
- [Citizens Advice](https://www.citizensadvice.org.uk/debt-and-money/) online, by phone or in person near you
- [StepChange](https://www.stepchange.org/) debt charity, online advice any time
- [National Debtline](https://nationaldebtline.org/) free phone and webchat advice

## When consolidation helps

A consolidation loan helps most when its rate is lower than your current debts and you keep the term short.
A longer loan lowers the monthly payment but usually costs more interest overall.

## Related calculators

[Debt payoff calculator Snowball vs avalanche](https://computenow.co.uk/debt-payoff-calculator/)[Loan repayment calculator Monthly payments and total interest](https://computenow.co.uk/loan-repayment-calculator/)[Credit card payoff calculator How long to clear your balance](https://computenow.co.uk/credit-card-payoff-calculator/)

## Guides and help

### Official services and free advice

[StepChange Free debt advice charity](https://www.stepchange.org/)[National Debtline Free, confidential debt advice](https://nationaldebtline.org/)[Check a firm is authorised FCA register: lenders, brokers and advisers](https://register.fca.org.uk/)

## Sources

Each source was last checked on 18 October 2026.

- [Bank of England: quoted household interest rates (September 2026)](https://www.bankofengland.co.uk/boeapps/database/FromShowColumns.asp?SearchText=IUMBV34&Travel=NIxAZx)
- [FCA: Understanding APR](https://www.fca.org.uk/consumers/credit-cards)
These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.
This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.