Self Employed
Calculators: Debt Consolidation - Repayment
Debt Consolidation Calculator
If your
total outstanding balances on credit cards and
loans are £50,000 or less then use our Self Employed Debt Consolidator to see how much
you can
save.
Our customers often ask us to obtain funding for them
that reduces their monthly credit bills and provides them with some extra
cash.
We have programmed our unique Self Employed Debt Consolidator to show how your monthly credit
bill can be reduced.
To use our
Self Employed Debt Consolidator simply add up all your outstanding balances and enter
this amount into the first box. Then add up all your monthly repayments for these
debts and enter this total in the second box. Please use values to the nearest
whole pound and do not use the '£' sign, commas or decimal points. For example
£10,500 should be entered as 10500 and £200 should be entered as 200 etc.
Repayment
Calculator
We are basing the following illustration on our typical
Interest Rate of 12.9% for self employed loans under £26,000, 9.7% for
self employed loans from £26,000
up to £34,999 and 7.9% for self employed loans of £35,000 and over.
To obtain an
illustration of the self employed loan repayments simply select the amount of loan you require
and then the number of years you want to pay the loan over. Two illustrations
will be shown one with single life payment protection and one without payment
protection.
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