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What consolidation changes
Consolidation uses a new agreement to settle other balances. A smaller monthly payment can result from a longer term and may still cost more overall. Compare the settlement amounts for the old accounts with every payment and fee on the new quotation.
Scope of this calculator
The example models R3 000–R8 000 over 3–6 months. It is a short-term illustration, not a quotation for long-term consolidation of large debts. For R5 000 over five months with the standard settings and modelled credit life cover, the total is R6 838.82. Payments fall from R1 376.32 to R1 358.80 as the modelled insurance premium decreases with the balance. They are not equal payments.
Who settles each account
Ask the new lender whether it pays creditors directly or transfers funds to you. Get up-to-date settlement figures, account references and confirmation of each payment. Keep paying existing accounts as agreed until a creditor confirms an alternative arrangement; an application alone does not settle them. See the settlement checklist.
Compare before applying
Use the calculator to understand the cost components, then use the actual lender’s quotation for your decision. The Apply now link leads to an external offer whose product and terms can differ. If existing payments are already unaffordable, consider getting help before taking more credit.
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