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The Consolidation loan calculator will show you the exact amount you’ll need to repay each month/week in both interest and principal.
To be clear, definitions are below.
Consolidated Amount: New loan amount which includes the paid off debt plus any cash out
Interest rate: Proportion of the loan that is charged as interest to you. It is shown as an annual percent of the outstanding debt.
Repayment term: Amount of time the debt will be outstanding. The loan may be fully amortized or partially amortized in which case there will be a balloon payment at the end of the repayment term.
