Free Debt Consolidation Calculator for New Zealanders
Rolling several high-rate debts (credit cards, store cards, personal loans) into one lower-rate loan can cut both the monthly cost and the total interest. The trick is making sure the new rate is genuinely lower and the new term isn't so long it wipes out the saving.
Your debts
$35,000
$
18.00%
%
12.00%
%
5 years
years
New monthly payment
$779
vs $889 currently
Consolidating $35,000 from 18.00% to 12.00% over 5 years.
Current monthly payment$889
New monthly payment$779
Monthly saving$110
Total interest (current)$18,357
Total interest (new)$11,720
Total saving$6,637
About our Debt Consolidation Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.