LOANS & DEBT / FREE CALCULATOR

Debt consolidation calculator

Compare your current debts with a new consolidation loan.

Method and references reviewed 5 November 2026

YOUR NUMBERS

Let’s work it out.

Calculated on your device. Save a copy only when you choose.

A CLEARER PICTURE

New monthly consolidation payment

R 1 189,50

Compare both the instalment and the full repayment cost

Current fixed monthly budget: R 2 200,00
Monthly reduction (negative = increase): R 1 010,50
New loan total paid: R 71 369,63
Current plan total paid: R 58 440,53

See the full breakdown

ESTIMATE · NOT A QUOTATION

Save this scenario, then change your inputs to compare the results.

BEHIND THE NUMBER

Your calculation, unpacked.

Current fixed monthly budget: R 2 200,00
Monthly reduction (negative = increase): R 1 010,50
New loan total paid: R 71 369,63
Current plan total paid: R 58 440,53
Total-cost saving (negative = higher cost): -R 12 929,10

UNDERSTAND THE TRADE-OFFS

Small changes.
Different possibilities.

Try changing one input at a time. Compare the total cost, as well as the monthly number.

View repayment schedule · 60 payments

Payments, interest and remaining balance. Fees include ongoing insurance.
Payment	Date	Total paid	Principal	Interest	Fees	Balance
1	—	R 1 189,50	R 564,50	R 625,00	R 0,00	R 49 435,50
2	—	R 1 189,50	R 571,56	R 617,94	R 0,00	R 48 863,94
3	—	R 1 189,50	R 578,70	R 610,80	R 0,00	R 48 285,24
4	—	R 1 189,50	R 585,93	R 603,57	R 0,00	R 47 699,31
5	—	R 1 189,50	R 593,26	R 596,24	R 0,00	R 47 106,05
6	—	R 1 189,50	R 600,67	R 588,83	R 0,00	R 46 505,38
7	—	R 1 189,50	R 608,18	R 581,32	R 0,00	R 45 897,20
8	—	R 1 189,50	R 615,78	R 573,72	R 0,00	R 45 281,42
9	—	R 1 189,50	R 623,48	R 566,02	R 0,00	R 44 657,94
10	—	R 1 189,50	R 631,28	R 558,22	R 0,00	R 44 026,66
11	—	R 1 189,50	R 639,17	R 550,33	R 0,00	R 43 387,49
12	—	R 1 189,50	R 647,16	R 542,34	R 0,00	R 42 740,33

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THE WORKINGS

How this calculation works

The existing plan pays fixed entered minimums, rolling cleared payments to the highest rate. The new loan finances the sum of balances plus initiation fee, repaid over the chosen term. Compare monthly commitment and total repayment, including the new service fee.

A worked example

A lower instalment over a longer term can still cost more overall. R30 000 at 0% over 30 months costs R1 000 a month before fees.

Assumptions & limitations

Existing minimums are treated as a fixed total monthly budget. Early settlement charges, credit insurance and other old-debt fees are excluded unless you include them in balances.
This is a cost comparison, not a recommendation or credit approval. An incomplete existing plan cannot provide a reliable total-cost saving.

Read a little further.

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How personal loan interest works

Make sense of a nominal rate, an instalment and the total amount you will repay.

Read the guide