Free debt consolidation calculator for South Africans. Add your credit cards, store accounts, and loans, compare against a single consolidated loan, and see your monthly savings and total interest savings in rands.
Add each debt with its outstanding balance, interest rate, and current monthly payment.
| Debt | Balance | Rate | Monthly |
|---|
| Monthly | Total Interest | Total Cost |
|---|
Indicative only. Excludes initiation fees, monthly admin fees, credit life insurance and other charges. Current debts assume the stated monthly payment continues until each debt is repaid. Consult a registered debt counsellor for personalised advice.
See exactly how much you could save by combining your credit card, store account, personal loan and other debt into a single consolidated loan. Enter each debt's balance, interest rate and current monthly payment, then enter the rate and term of the consolidation loan you've been offered. The calculator returns your new monthly repayment, total interest saving and total cost difference in South African rands.
How it works
The calculator does two things side by side. First, it amortises each of your current debts at the monthly payment you're already making, so it knows the real time and total interest it would take to clear them at your current pace. Second, it models a single new loan covering the combined balance at the rate and term you specify, then compares both outcomes.
You'll see three numbers that matter:
- Monthly saving — how much less (or more) you'd pay each month
- Total interest saving — interest avoided across the life of the debt
- Total cost difference — the combined effect of rate and term changes
When consolidation makes sense
Consolidation typically helps when you're carrying high-rate revolving debt — South African credit cards and store accounts often charge 20% to 28% per year, while a secured consolidation loan or access bond facility can be substantially lower. Rolling those balances into a single lower-rate facility reduces interest and simplifies one payment date instead of five or six.
It doesn't always help. Stretching a five-year debt into a ten-year loan can lower your monthly payment but increase the total amount you pay. The calculator shows both effects so the decision is based on numbers, not just monthly relief. If the "total cost difference" is negative and shown in red, you'd pay more overall even though your monthly cash flow improves.
What to gather before using the calculator
For each debt: the outstanding balance, the annual interest rate, and the current monthly instalment. Your latest statements show all three. For the consolidation offer: the quoted interest rate and the loan term in years.