Many → one
How debt consolidation actually works (step by step)
A plain-English walk through the process, from a pile of balances to one repayment.
Get into it Less juggling. More clarity.
Juggling debts?
See what one repayment
could look like.
Add your credit cards, BNPL and personal loans.
No credit check, no personal details — just the numbers.
No credit check No personal details Free to use
Your debts. All in one place.
% p.a.
Check your latest statement. Most BNPL charges fees rather than interest — enter 0 if there's no interest.
How often?
Use what you actually pay, or the minimum repayment.
Can't see your debt?
This calculator covers unsecured personal debts only. Home loans, mortgages, investment property debt and HECS-HELP / student debt are not included.
Secured car, caravan, boat or bike loans, or any business debt? Finsterl Finance can help with that ↗.
Need a little extra? (optional)
For things like car repairs, moving costs or a bond. This adds to your loan amount and interest.
The bigger picture
Many repayments.
Meet one.
Illustrative purposes only · example repayment over 84 months
You're paying now
$0.00
per month
A little clarity starts here.
Add your balances and repayments. We'll do the number crunching.
Add your balances and repayments. We'll do the number crunching.
Consolidated loan amount$0.00
Number of repayments0 → 0
Fortnightly equivalent$0.00
Monthly repayment$0.00
Lower repayments ≠ lower total cost.
New loan total repaid$0.00
New loan total interest$0.00
Add your interest rates to compare total interest.
Powered by Finsterl Finance
* Illustrative purposes only. Figures are based on an example rate and term used for illustration only, with monthly repayments, and exclude fees and charges. Weekly and fortnightly figures are equivalents, not repayment schedules. This is not an offer, approval or application for credit, and not financial advice. Any loan is subject to financier approval, lender assessment, eligibility criteria, terms, fees and charges. Your actual rate, repayment and loan amount may differ and may be higher. Consolidating can increase total interest, particularly over a longer term. Australian Credit Licence 568199.
A little less complicated
Three steps. A clearer picture.
01
Round up your debts.
Grab your statements. Add your balances and the repayments you actually make.
02
See the bigger picture.
Compare your current payments with one illustrative repayment. Check the interest trade-off too.
03
Talk it through.
If you want to explore your options, chat with a Finsterl Finance broker. No promises. Just a conversation.
Know what belongs here
What can I consolidate?
Unsecured personal debts are our thing. What a lender can include will depend on its assessment.
In the mix.
- Credit card balances
- Unsecured personal loans
- Buy now pay later balances
- Store cards
- Unsecured car loans
- Other unsecured personal debts
Not in this calculator.
- Home loans, mortgages & investment property debt
- HECS-HELP & student debt
- Secured car, caravan, boat & motorbike loans
- Business loans & equipment finance
Secured asset or business finance? Finsterl Finance can help with a separate enquiry.
A different kind of finance?
Not what you're after?
We're here for unsecured personal debts. For the wheels, weekend adventures or your business, meet Finsterl Finance.
Money talk, without the lecture
A bit of know-how goes a long way.
Same debt. New shape.
Refinancing vs consolidating: what’s the difference?
Two terms that get mixed up, and the questions that matter more than the label.
Get into itA little heavier?
Rate rises and your repayments: why everything feels heavier
How changing rates can reach your budget, without forecasts or financial jargon.
Get into itFair questions
The things you're probably wondering.
What is debt consolidation?
Debt consolidation means using a new loan to pay out eligible existing debts, leaving you with one loan repayment. It changes how your debt is organised; it does not make the debt disappear. Whether it helps depends on the new loan’s costs, term and repayments, as well as what you do with the cleared accounts.
Does using the calculator affect my credit score?
No. This calculator runs on the numbers you enter and does not request your credit report. It does not submit a credit application. Talking to a broker or applying later is a separate process, and an application can involve credit checks.
What does the calculator's example repayment assume?
It uses one fixed illustrative example — an example interest rate and an 84-month term with monthly repayments. These are example settings only, not an offer and not an indication of what you qualify for. Fees and charges are excluded, and your actual loan may be different.
Why can a longer term cost more interest?
Interest is charged while money remains owing. Spreading repayment over a longer period can reduce each repayment but keep the balance outstanding for longer. A lower rate does not automatically cancel out that effect. Compare total interest and fees over the full term.
Can BNPL be included?
Potentially, depending on the lender and the BNPL account. Include the amount still owing and your actual repayments. A BNPL balance with no interest can still have fees, and moving it into an interest-bearing loan may increase its total cost. Assess the whole picture.
What if I’m already struggling to make repayments?
Contact your credit provider early to ask about financial hardship assistance. A new loan is not always the right response. Free, confidential financial counselling is available through the National Debt Helpline on 1800 007 007 or ndh.org.au. If essentials are at risk, prioritise getting support rather than rushing into more borrowing.
A clearer picture starts with your numbers.
No judgement. No credit check. Just a place to start.
Crunch my numbers