Take charge of your finances with the CIBC Debt Consolidation Calculator.
This debt calculator can help you create a debt repayment plan.
This should not be relied upon as specific financial or other advice.
Actual results and loan or line of credit payment amounts and repayment schedules may vary. Applicants must meet CIBCs lending criteria; all personal lending products are subject to credit approval. Products and their interest rates may change at any time without notice.
First, you may be able to get a lower interest rate on your consolidation loan than you were paying on your various other debts.