Most debt consolidation loan projects cost between $5,000 and $50,000 per loan, with a typical price near $20,000. Prices vary by state and city, so the range below is a planning guide rather than a quote.
Typical debt consolidation loan cost
$5,000 – $50,000
per loan · typical $20,000
A general planning range, not a quotation.
Debt consolidation loan cost breakdown
- Small consolidation ($8k)$3,000 – $10,000typical $7,000
- Typical consolidation ($20k)$10,000 – $30,000typical $20,000
- Large consolidation ($40k)$30,000 – $50,000typical $40,000
What Debt Consolidation costs
Debt consolidation loans pay off multiple debts (credit cards, medical, etc.) with one fixed-rate loan. Amounts typically $5k–$50k, with APRs from 6% to 36%. May reduce interest and simplify payments, but watch fees and terms.
Costs by state
- Alabama
- Alaska
- Alberta
- Arizona
- Arkansas
- British Columbia
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Manitoba
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Brunswick
- New Hampshire
- New Jersey
- New Mexico
- New York
- Newfoundland and Labrador
- North Carolina
- North Dakota
- Northwest Territories
- Nova Scotia
- Nunavut
- Ohio
- Oklahoma
- Ontario
- Oregon
- Pennsylvania
- Prince Edward Island
- Quebec
- Rhode Island
- Saskatchewan
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Yukon
Frequently asked questions
How much can I borrow?
Most lenders offer $1,000–$100,000, but typical consolidation loans are $5k–$50k. Your credit and income determine the limit.
What affects the interest rate?
Credit score, income, debt-to-income ratio, loan amount, and term. Secured loans (using collateral) may have lower rates.
How can I pay less?
Improve credit, compare pre-qualified offers, choose a shorter term, and avoid balance transfer fees if using a 0% card.