Enter the outstanding balance and current monthly payment of each debt you want to combine, plus the rate (TAN) and term of the new consolidated loan. The monthly saving compares the new payment with the sum of the current payments.
| Debts consolidated | 3 |
| Total owed (new principal) | €16,000.00 |
| Current payments (sum) | €580.00 |
| New monthly payment | €284.45 |
| Monthly difference | €295.55 |
| TAN (nominal annual rate) | 8.5% |
| TAEG (effective cost) | 8.84% |
| Total paid (72 instalments) | €20,480.70 |
| Of which interest | €4,480.70 |
| Total cost of the new credit | €4,480.70 |
Educational estimate, not financial advice. It combines the balances into one loan and computes the payment (French system) at the TAN you choose and the TAEG with the upfront fee you enter. It excludes the early-repayment commission on the current loans, monthly commissions, insurance and stamp duty.
Debt Consolidation Calculator (Portugal) by Calculadora Capital