The average fee for loan consolidation is about 4% if you choose to get a debt consolidation loan and 2.55% if you get a balance transfer credit card. You need to consider the fees and the APR on your new loan or credit card when deciding if debt consolidation is worth it. The average APR for a debt consolidation loan is 14.47%. The average introductory APR for a balance transfer credit card is 0% for 13 months, followed by the regular APR, according to WalletHub.