See what you could save when you consolidate higher-interest debt.
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.
740
660
850
Debt Entry #
Enter your current balance
Enter your current APR
Enter the last monthly payment amount
Debt Entry #
Enter your current balance
Enter your current APR
Enter the last monthly payment amount
Here's what you told us
Your Credit
Total Debt
Average APR
Total Monthly Payments
Here's how we can help
Save Money
Less Interest
Save Time
Sooner Payoff
This estimate maintains your current monthly payment for a term at APR with a total loan cost of .
Rates are calculated based on Discover application data as of 3/12/2024.
How this result was calculated
- Any interest and the time savings shown are only estimates based on your selected inputs and are for reference purposes only.
- The calculation assumes that the monthly payment amount that you will pay to cover the Discover personal loan will be the same as the monthly payment on the debts that you listed with your selected inputs above. Your actual monthly payment may be less and your actual terms may be longer for your Discover personal loan.
- Your actual APR will be between x and x based on creditworthiness at time of application and will be determined when a credit decision is made and may be higher.
- The actual term of your loan will be based on your selection at the time of application.
See if you qualify for this loan with no impact to your credit
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Your 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 circ*mstance. 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 Loansmakes mortgage loans between $35,000 and $300,000.
Your current debt entered is too low or too high to consolidate with a Discover personal loan
Please update any balances so they total between x and x.
Your monthly payment entered is too low to consolidate with a Discover personal loan
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Debt consolidation loans basics
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Why consolidate debt
- We'll pay your bills in full directly, and you'll manage just one set regular monthly payment each month
- Save on higher-rate interest with a lower debt consolidation rate
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How debt consolidation works
- Choose your amount and term with help from the calculator above
- Apply for a debt consolidation loan at a lower interest rate
- At least 70% of your loan will go to your creditors and the rest to your bank account
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What debt consolidation means
- Combine and simplify multiple debts into one easier-to-manage loan
- Debt consolidation means fewer payments each month
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Eliminate debt faster
- Less of your money is paid toward interest, which means more money in your pocket
- Choose to pay down your principal sooner on your path to being debt-free
How we calculate our ratings
How we calculate our ratings
We calculate the average product rating based on ratings that customers submit. We exclude some reviews from being displayed for reasons such as the customer including profanity, reviewed the wrong product, submitted inappropriate or irrelevant content, or revealed personally identifying information. Reviews are not filtered, edited, or deleted simply because they are negative or are lower rated. If a review is excluded, the associated rating is not calculated in the average product rating.
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Frequently asked debt consolidation loan questions
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