Try our debt consolidation calculator
Estimate the potential savings of consolidating higher-interest debt with a personal loan.
Enter your credit score, and a few details for each debt balance you hold (up to a total of x) — and we'll show you how much you might be able to save.
Here's what you told us
Your Credit
Total Debt
Average APR
Total Monthly Payments
Here's how we can help
This estimate maintains your current monthly payment for a term at APR with a total loan cost of .
Rates are calculated based on Discover loan data as of 01/08/2023.
See if you qualify for this loan with no impact to your credit
Check Your RateYour APR will be between x and x APR based upon creditworthiness at time of application. Information and interactive calculators are made available as self-help tools for your independent use and are intended for educational purposes only. Any results are estimates and we do not guarantee the applicability or accuracy to your specific circumstance. For customers with less than Good credit, a Discover personal loan may not be the right debt consolidation solution.
We're unable to provide an estimate
Based on the information you entered, consolidating debt with us may not save you money. Feel free to give us a call to speak with a dedicated loan specialist if you have additional questions or would like to explore other options.
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Need to borrow more? Discover® Home Loans makes mortgage loans between $35,000 and $300,000.
What you can count on from Discover®
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Great RatesSave on interest with a fixed interest rate from x to x APR.
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Flexible TermsBorrow up to x and repay it over x to x years — it's your choice.
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No Up-Front FeesPut more of your funds to work with no fees of any kind — as long as you pay on time.
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Funds Sent FastFunds can be sent as early as the next business-day after acceptance.
Frequently asked debt consolidation loan questions
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The debt consolidation calculator totals up the debts you input and, using your average interest on that debt, estimates how long it would take to pay it all off if you continue to simply make your current monthly payments. It also estimates how much you'd spend on interest if you continued to pay down your debt in this way. Then, the calculator estimates your pay-down time and total interest paid if you were to get a debt consolidation loan with the estimated rate shown for the calculation.
This helps you compare your current situation to what might happen if you consolidated your debt. Your rate may vary based on the information contained within your application. These numbers are for comparison purposes only.
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With a fixed rate loan, you could lock in an interest rate that might be lower than what you're currently paying on your outstanding balances. This means you could pay less in interest over time. Additionally, a fixed rate loan can lower your monthly payments to help you save money on interest each month, and it may help you pay down your debt faster. Read more about consolidating debt.
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Rates vary depending on the card, however, Discover personal loan rates may be lower than credit or store card rates, so by consolidating higher-rate debt, you could save money on interest.
Additionally, our loans offer a fixed rate and fixed repayment term, giving you a set regular monthly payment you can budget for. You also get the benefits of having one monthly payment with a fixed rate and a clear, defined knowledge of when your loan will be paid in full.