Simplify your finances
Simplify your finances
Our Consolidation Loans can be a valuable tool if you're looking to manage debts more effectively.
By combining multiple debts into a single monthly loan repayment at a fixed interest rate, you could save money.
We'll even send the funds directly to your existing lender(s) to clear the debt, making it even easier for you.
Our loans are exclusive to our members!
Debt Consolidation
Unsure where to start? Enter the sum of your existing debts into our calculator and see how much you could save with our Consolidation Loan. Borrow between £3000 and £25,000 with fixed monthly repayments over a term of up to 7 years.
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Loan amount
£15000
APR
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How to apply
Become a Member
- Complete our online application to join.
- Create your Login details.
- Receive our Welcome Letter to your home address; this will include your unique member number and Activation Code.
Apply for Your Loan
- Download our mobile app and Login details.
- Input the Activation Code from our Welcome Letter to verify your account.
- Apply for your loan.
Receive your Decision
- You will receive a decision by email, usually within 1 working day.
- If approved, we will send a further email within 24hrs requesting which debts to clear and your digital signature (or via post if requested, which could take up to 5 days).
- We'll then send the funds directly to your existing lender(s) to clear the debt(s).
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A better way to borrow
A better way to borrow
5 reasons to choose us for your consolidation loan:
1. We send the funds directly to your existing lender(s).
2. Grow your savings alongside your loan repayments.
3. Fixed interest rates guaranteed not to change.
4. No early repayment fees.
5. Free loan protection insurance. In the event of your death, your loan will be paid off in full. Terms and Conditions apply.
Is Consolidation Loan right for me?
It’s important to remember that whilst a Consolidation Loan could potentially reduce the amount of interest you are repaying and simplify your finances, it doesn’t eliminate debt.
Please assess your financial situation carefully and consider if consolidating your existing debt is the right choice for you.
StepChange Debt Charity have created a useful Debt Consolidation guide which highlights key considerations before applying for a Consolidation Loan.
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Flexible loan amounts between £3,000 and £25,000.
You must be aged 18+ and save a minimum of £10 per month to your Member Savings, and meet the lending criteria.
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Competitive interest rates.
We offer transparent and competitive market rates, which won’t increase after application.
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Fixed repayment structure.
Choose your loan repayments over 1 to 7 years.
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No early repayment fees.
If you wish to pay off your loan early, you won’t be charged early repayment fees.