---
title: "Debt Consolidation Calculator NZ | Compare Loans"
description: "Put in your debts and see what they cost now against one loan. $20,000 of card and loan debt: $161 a week now, $157 a week on one 3-year loan at 13.90%."
canonical: https://compareloans.co.nz/debt-consolidation-calculator/
source: Plain-text copy of https://compareloans.co.nz/debt-consolidation-calculator/. The HTML page is the original and has the live calculators and the enquiry form.
---

# Debt consolidation calculator

List what you owe, and compare what the debts cost now against one loan, each week and in total.

## Does a longer loan still save?

Only if it ends about when your debts would. Stretch the same $20,000 to 7 years and the lower repayment costs you $3,439 more than paying your debts as you do now.

| One loan at 13.90% over | Each week | Paid back in total | Against your debts now |
| --- | --- | --- | --- |
| 3 years | **$157** | $24,485 | $3,384 less |
| 5 years | **$107** | $27,774 | $95 less, about the same |
| 7 years | **$86** | $31,308 | $3,439 more |

Estimate only, not a quote or an approval. Your rate depends on your credit and the lender. Rates checked 21 Oct 2026.

## Questions about consolidating debt

### Will consolidating my debts save money?

Only if the new rate and fees are lower and the loan ends no later than your debts would. In the example above, one loan saves $3,384 over 3 years and almost nothing over 5.

### What is the weekly payment on a $50,000 consolidation loan?

$267 a week over 5 years at 13.90% p.a. fixed with no fee, with $69,436 paid back in total. That's the rate ANZ and ASB advertise.

### Can anyone get a consolidation loan?

No. Every lender checks your credit and that you can afford the repayments. ASB, for example, wants an income over $20,000 a year before you can apply online.