See how much you could reduce your monthly outgoings by with our Debt Consolidation Loan calculator

Debt Consolidation Loan Calculator
Debt Consolidation Calculator
When consolidating credit to reduce your monthly outgoings, you should be aware that it may take you longer to pay off your debt. Depending on the interest rates and balances of the credit you are consolidating, you may also pay back more over the longer term. You should think carefully before taking a secured loan against your property. Your home maybe repossessed if you do not keep up repayments on the secured loan.
Your existing debts
Debts
Monthly Repayment
Total Outstanding
£
£
No Entries
Total Repayments/ Debt
£
£
Consolidated through Willows Finance
Loan amount to clear total debt listed above
£
Term for your new loan
Your credit rating
Good Average Poor
New monthly repayment
£
Total amount repayable
£
Calculated APRC
*Representing a reduction of your current month's outgoings by
£
Reduction in debt
Please note the calculation above shows an increase in your monthly repayments. Please try extending the loan term, or alternatively call Willows Finance on 01656 766 158 for further help and advice.

* This calculator is for illustration purposes only. All loans are subject to status and there are a number of factors that could effect the monthly repayment offered to you. The repayment includes a lender fee where applicable and a broker fee of up to 15% or a maximum of £3,000. By taking a secured loan you may be extending the term of your credit.


Secured Loan Representative Example: If you borrow £15,000 over 15 years at a rate of 9.5% APRC variable, you will pay 179 instalments of £152.35 per month and a final payment of £302.35 total amount payable of £27,573. This includes the net loan, interest of £10,623 a broker fee of £1,500 and a lender fee of £450. The overall cost for comparison is 9.5% APRC variable.

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» Try our bridging loan calculator to see our best offers

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» Arrange an unsecured loan quickly and easily

» About Willows Finance and why we can help you get the best deals