Debt Consolidation Loans

Consolidate existing loan repayments into one monthly outgoing.

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45.4% APR Representative
Time to apply
OK 02m 48s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £3,000 over 36 months at a Representative rate of 45.4% APR and an annual interest rate of 23.00% (fixed), you would pay 36 monthly instalments of £140.84. The total charge for credit will be £2,070.24 and the total amount payable will be £5,070.24.
We don't have any reviews for 1 Plus 1.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £500 - £5,000
  • Loan term: 12 - 60 months

Top choice for

  • You don't need to have a good credit history
  • Existing customers can borrow up to £5,000
  • Quick application, money usually transferred within 24 hours
  • Competitive APR

Watch out for

  • You must have a guarantor
  • Your guarantor must own their own home
  • Your guarantor must be older than 18 years old and no older than 75 years when the loan completes
  • Your guarantor will need to make the repayments if you cant afford to
  • Your guarantor must have have a good credit history

Fees & charges

  • Maximum APR 45.4%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £20
20.9% APR Representative
Time to apply
Slow 10m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £2,000 over 60 months at a Representative rate of 20.9% APR and an annual interest rate of 19.78% (fixed), you would pay 60 monthly instalments of £52.02. The total charge for credit will be £1,121.20 and the total amount payable will be £3,120.20.
We don't have any reviews for Co-Operative Bank Loans (£2,000-£2,999).
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £2,000 - £2,999
  • Loan term: 12 - 84 months

Top choice for

  • No arrangement fees

Watch out for

  • You must have been a UK resident for 1 year or longer
  • You need: your home address from the last 3 years, your bank account details (sort code and account number), your employer's name and address and details of any Co-Operative accounts you may hold
  • You must be between age 23 and 69 to apply

Fees & charges

  • Maximum APR 20.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.4% APR Representative
Time to apply
OK 02m 04s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a Representative rate of 3.4% APR and an annual interest rate of 3.40% (fixed), you would pay 60 monthly instalments of £135.92. The total charge for credit will be £655.20 and the total amount payable will be £8,155.20.
We don't have any reviews for AA Personal Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Instant decision online
  • No arrangement or set up fee
  • Fixed monthly repayments
  • No fee for repaying your loan early

Watch out for

  • You must be aged between 21 and 70
  • No County Court Judgements (CCJs) or bankruptcy
  • You must have a UK based bank or building society account that can pay direct debits
  • You must have a regular income above £12,000 per year
  • You must have been a UK resident for at least 3 years

Fees & charges

  • Maximum APR 17.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £12
49.9% APR Representative
Time to apply
Fast 01m 33s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £4,000 over 36 months at a Representative rate of 49.9% APR and an annual interest rate of 49.90% (variable), you would pay 36 monthly instalments of £195.16. The total charge for credit will be £3,025.76 and the total amount payable will be £7,025.76.
We don't have any reviews for Amigo Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £500 - £7,500
  • Loan term: 12 - 60 months

Top choice for

  • No fees of any kind
  • You don't need to have a good credit history
  • You don't need to have direct debit facilities
  • Your guarantor does not need to own their home
  • You don't have to have been a resident of the UK for a specified length of time

Watch out for

  • You will need a guarantor
  • If you have a poor credit history, it's likely your guarantor will need to be a homeowner
  • Your guarantor will need to make your repayments if you can't afford to

Fees & charges

  • Maximum APR 49.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
49.7% APR Representative
Time to apply
OK 03m 15s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £2,600.00 over 36 months at a Representative rate of 49.7% APR and an annual interest rate of 41.00% (fixed), you would pay 35 monthly instalments of £126.61 and a final payment of £126.54. The total charge for credit will be £1,957.89 and the total amount payable will be £4,557.89.
We don't have any reviews for Bamboo Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £8,000
  • Loan term: 12 - 60 months

Top choice for

  • You don’t need perfect credit history
  • Easy payment management with online portal
  • Your guarantor can be your partner
  • Your guarantor does not need to be a homeowner

Watch out for

  • You and your guarantor must be over 21
  • Your guarantor will also need a good credit rating
  • Your guarantor must not be a customer of Bamboo
  • Your guarantor will need a UK bank account
  • Your sole income cannot be from Job Seekers Allowance

Fees & charges

  • Maximum APR 49.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
9.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6000 over 48 months at a Representative rate of 9.9% APR and an annual interest rate of 9.48% (fixed), you would pay 48 monthly instalments of £150.67. The total charge for credit will be £1,232.16 and the total amount payable will be £7,232.16.
We don't have any reviews for Halifax Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • No charge if you pay off your Clarity loan early
  • Current account holders can apply online
  • Low representative APR

Watch out for

  • You must be an existing Halifax customer
  • You must be a UK resident
  • You must be aged 18 or over
  • You will need to be in paid employment or have a regular income
  • You have not been declined for credit in the last month
  • You must have good credit

Fees & charges

  • Maximum APR 28.9%
  • Arrangement fee: £0
  • Early repayment fee: £25
  • Late payment penalties: £25
3.3% APR Representative
Time to apply
Slow 06m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £8000 over 60 months at a representative rate of 3.3% APR and an annual interest rate of 3.3% (fixed), you would pay 60 monthly instalments of £144.64. The total charge for credit will be £678.64 and the total amount payable will be £8,678.64.
We don't have any reviews for HSBC Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Instant decision online
  • Overpayments or part payments allowed without charge
  • HSBC Advance customers can receive 10% interest cashback at the end of the loan
  • Repayment holidays available

Watch out for

  • You must have a bank or building society account
  • Earn £10,000 or more per year
  • Be a UK resident
  • You need to be aged 18 or over
  • You will need to have good credit history

Fees & charges

  • Maximum APR 21.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.3% APR Representative
Time to apply
OK 02m 50s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £7500 over 12 months at a representative rate of 3.3% APR and an annual interest rate of 3.30% (fixed), you would pay 60 monthly instalments of £135.60. The total charge for credit will be £636 and the total amount payable will be £8,136.00
We don't have any reviews for Tesco Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £35,000
  • Loan term: 12 - 120 months

Top choice for

  • Two month repayment break at the start of the loan
  • Instant decision when you apply online
  • Clubcard rate for Clubcard holders
  • Fixed monthly repayments make budgeting easy
  • Loan terms available up to 10 years

Watch out for

  • You must be aged between 18 and 74
  • You will need to be in employment or have a regular income
  • You must have lived in the UK for 3 years or more
  • You will need to have a UK personal current account

Fees & charges

  • Maximum APR 17.6%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £12
3.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a representative rate of 3.9% APR and an annual interest rate of 3.9% (fixed), you would pay 60 monthly instalments of £137.55. The total charge for credit will be £753 and the total amount payable will be £8,253.
We don't have any reviews for NatWest Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Personalised loan quote doesn’t leave footprint on credit file
  • Online banking customers can apply online
  • Decision in minutes
  • Funds often available the next day

Watch out for

  • You must be aged over 18
  • You must have had a NatWest current account for at least 3 months

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3% APR Representative
Time to apply
Slow 06m 49s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £12,500 over 48 months at a Representative rate of 3.0% APR and an annual interest rate of 3.7% (fixed), you would pay 47 monthly instalments of £276.46 and final instalment of 276.25. The total charge for credit will be £3269.87 and the total amount payable will be £13,269.87
We don't have any reviews for Yorkshire Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • You don’t need to be a Yorkshire Bank customer to apply
  • You can make additional payments to the loan at any time
  • Able to contact them over the phone, in branch and online chat
  • Allow top-ups
  • Instant online decision during opening hours

Watch out for

  • You must be aged at least 18
  • You must have a permanent UK address
  • You will need to have a good credit history
  • You will need to have a UK bank account
  • You must have a debit and/or credit card

Fees & charges

  • Maximum APR 20.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
9.9% APR Representative
Time to apply
Slow 08m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 60 months at a Representative rate of 9.9% APR and an annual interest rate of 9.90% (variable), you would pay 60 monthly instalments of £125.94. The total charge for credit will be £1,556.62 and the total amount payable will be £7,556.62.
We don't have any reviews for Isle of Man Bank.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 120 months

Top choice for

  • Isle of Man residents

Watch out for

  • You must live on the Channel islands
  • You must have proof of address

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £6
2.9% APR Representative
Time to apply
OK 03m 30s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 2.9% APR and an annual interest rate of 2.91% (fixed), you would pay 60 monthly instalments of £179.28. The total charge for credit will be £756.80 and the total amount payable will be £10,756.80.
We don't have any reviews for TSB Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Personalised online quote doesn’t leave a credit footprint
  • You don’t have to be a TSB customer to apply
  • Funds available immediately for TSB customers
  • Repayment holidays available
  • Overpayments and early settlement of the loan accepted
  • No arrangement fees charged

Watch out for

  • You will need to have good credit
  • No bankruptcy or CCJs with in the last five years
  • You will need to be a UK resident
  • You must be aged 21 or over
  • You must be on the electoral roll
  • Your bank account must have Direct Debit facility
  • You cannot live on the Isle of Man or Channel Islands
  • You must be employed
  • You must earn £10,200 or over a year

Fees & charges

  • Maximum APR 29.8%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £25
3.3% APR Representative
Time to apply
Slow 06m 00s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £7,000 over 84 months at a representative rate of 3.3% APR and an annual interest rate of 3.3% (fixed), you would pay 84 monthly instalments of £93.29. The total charge for credit will be £619.28 and the total amount payable will be £7,836.15.
We don't have any reviews for First Direct Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Easy online application and loan management
  • Approved applicants have funds almost immediately
  • Able to overpay and reduce interest over loan term
  • Low interest rates

Watch out for

  • You must be a First Direct 1st Account customer
  • You will need to have good credit history

Fees & charges

  • Maximum APR 7.5%
  • Arrangement fee: £0
  • Early repayment fee: £3
  • Late payment penalties: £0
3.4% APR Representative
Time to apply
OK 03m 47s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £10,000 over 60 months at a representative rate of 3.4% APR and an annual interest rate of 3.4% (fixed), you would pay 60 monthly instalments of £181.24. The total charge for credit will be £874.40 and the total amount payable will be £10,874.40.
We don't have any reviews for Nationwide Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Low representative APR
  • Beat any like-for-like rate by 0.5% APR for main current account customers
  • Online quote doesn’t leave a credit footprint
  • Online management portal for making payments and checking balance

Watch out for

  • Must be aged between 18 and 79
  • Must have a net monthly income of at least £700
  • Must have the right to live and work in the UK
  • Can’t have missed 3 credit commitments in the last year
  • Must not be currently bankrupt, have CCJs or be under an IVA
  • Self-employed customers must prove 1 year’s income
  • Joint applicants must live at the same address

Fees & charges

  • Maximum APR 10.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £7,500 over 60 months at a representative rate of 3.9% APR and an annual interest rate of 3.9% (fixed), you would pay 60 monthly instalments of £137.55. The total charge for credit will be £753 and the total amount payable will be £8,253
We don't have any reviews for The Royal Bank of Scotland Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Rates are the same for both new and long-standing customers
  • Keep an eye on the loan with online banking
  • They allow top ups
  • Funds available next working day for digital banking customers

Watch out for

  • You must be aged at least 18
  • You must have a regular income and prove affordability
  • You must have good credit history
  • You need to be an existing The Royal Bank of Scotland customer

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
7.5% APR Representative
Time to apply
Slow 05m 51s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a Representative rate of 7.5% APR and an annual interest rate of 6.90% (fixed), you would pay 60 monthly instalments of £139.46. The total charge for credit will be £1,367.60 and the total amount payable will be £8,867.60.
We don't have any reviews for Bank of Ireland Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 6 - 60 months

Top choice for

  • Two repayment holidays each year whilst you repay the loan
  • Low rates on borrowing regardless of whether you're in Ireland or on the mainland UK
  • Irish bank that lends to those on the mainland of the UK too
  • You can get a quote on the Bank of Ireland website without it affecting your credit rating

Watch out for

  • You will need a good credit history to apply to Bank of Ireland
  • You need to have held a Bank of Ireland current account for six months prior to applying
  • Payment holidays will need to be selected before you get your loan

Fees & charges

  • Maximum APR 19.9%
  • Arrangement fee: £65
  • Early repayment fee: £0
  • Late payment penalties: £0
3.9% APR Representative
Time to apply
OK 03m 30s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a Representative rate of 3.9% APR and an annual interest rate of 3.90% (fixed), you would pay 60 monthly instalments of £137.55. The total charge for credit will be £753.00 and the total amount payable will be £8,253.00.
We don't have any reviews for Ulster Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £35,000
  • Loan term: 12 - 84 months

Top choice for

  • Online banking customers can get their loan the next working day
  • Loan term up to ten years available
  • Simple application process
  • Loans can be used for a variety of purposes

Watch out for

  • You need to be aged 18 or over
  • You must have had an Ulster Bank current account for at least 6 months
  • No bankruptcy, CCJs or Court Decrees

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
4.9% APR Representative
Time to apply
Not known
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 4.9% APR and an annual interest rate of 4.87% (fixed), you would pay 60 monthly instalments of £187.77. The total charge for credit will be £1,266.20 and the total amount payable will be £11,266.20.
We don't have any reviews for Smile Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Easy online application
  • Monthly repayments fixed to help with budgeting
  • No arrangement fees or charges
  • Online portal for an overview of the loan

Watch out for

  • You must be a UK resident
  • You will need to be aged over 21
  • You will need to have held a Smile account for at least 1 month

Fees & charges

  • Maximum APR 20.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
11.9% APR Representative
Time to apply
Slow 10m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 60 months at a Representative rate of 11.9% APR and an annual interest rate of 11.30% (fixed), you would pay 60 monthly instalments of £134.34. The total charge for credit will be £1880.40 and the total amount payable will be £7880.40.
We don't have any reviews for Lloyds Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Free personalised quote leaves no credit footprint
  • 0.5% discount applied for Club Lloyds customers
  • Repayment holidays available
  • Flexible repayment options

Watch out for

  • Must have had a Lloyds Bank current account for at least 3 months
  • You must be over 18
  • You must be a UK resident
  • You will need to have good credit

Fees & charges

  • Maximum APR 26.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.7% APR Representative
Time to apply
Slow 05m 21s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £12,500 over 48 months at a Representative rate of 3.0% APR and an annual interest rate of 3.0% (fixed), you would pay 47 monthly instalments of £276.46 and final instalment of 276.25. The total charge for credit will be £769.87 and the total amount payable will be £13,269.87.
We don't have any reviews for Clydesdale Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • You do not need to a be current customer
  • Online account management
  • Instant decision online, over the phone or in branch
  • You can choose to make weekly or monthly repayments

Watch out for

  • You must be aged 18 or over
  • You will need to have good credit history
  • You must have a permanent UK address
  • You must have a UK bank account
  • You will need to have a debit and/or credit card

Fees & charges

  • Maximum APR 24.5%
  • Arrangement fee: £0
  • Early repayment fee: £20
  • Late payment penalties: £0
5.5% APR Representative
Time to apply
Slow 08m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,500 over 36 months at a Representative rate of 5.5% APR and an annual interest rate of 5.50% (fixed), you would pay 36 monthly instalments of £195.88. The total charge for credit will be £551.67 and the total amount payable will be £7,051.67.
We don't have any reviews for Danske Bank Fixed Rate Personal Loan.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 64 months

Top choice for

  • 0.5% discount on standard fixed rate loans
  • Fixed monthly repayments make budgeting easier
  • Available to both new and existing customers
  • Single and joint applications accepted

Watch out for

  • You will need to have good credit history
  • You must be over 18 years old
  • You must open a personal current account with Danske

Fees & charges

  • Maximum APR 19.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
8.9% APR Representative
Time to apply
Slow 05m 23s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 48 months at a representative rate of 8.9% APR and an annual interest rate of 8.56% (fixed), you would pay 48 monthly instalments of £148.05. The total charge for credit will be £1106.40 and the total amount payable will be £7,106.40.
We don't have any reviews for Bank of Scotland Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £2,499
  • Loan term: 12 - 60 months

Top choice for

  • Bank of Scotland loan customers can apply to borrow more money at any time
  • 0.7% discount applied between £7,500 and £25,000 for certain customers
  • Instant decision when applying online
  • Repayment holidays available
  • Portal for easy online management

Watch out for

  • Must be an existing Bank of Scotland customer to apply online
  • You can’t have been declined for credit in the last month
  • No CCJs, defaults or bankruptcy
  • You will need to be in paid employment or have regular income
  • Be a UK resident with a permanent UK address

Fees & charges

  • Maximum APR 27.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £25
9.9% APR Representative
Time to apply
Slow 08m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7.500 over 36 months at a Representative rate of 9.9% APR and an annual interest rate of 9.90% (fixed), you would pay 36 monthly instalments of £240.17. The total charge for credit will be £1,146.12 and the total amount payable will be £8,646.12.
We don't have any reviews for Creation Personal Loan.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 24 - 60 months

Top choice for

  • No set up fees
  • Instant decision made online
  • Detailed application
  • Jargon buster guide on website

Watch out for

  • You will need to be ages between 23 and 70
  • You must have a minimum gross income of £12,000pa
  • You need a bank or building society current account
  • You need to have good credit history
  • Need to have been a permanent UK resident for at least three years

Fees & charges

  • Maximum APR 19.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
38.9% APR Representative
Time to apply
OK 01m 45s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £4,500 over 36 months at a Representative rate of 38.9% APR and an annual interest rate of 33.30% (fixed), you would pay 36 monthly instalments of £199.26. The total charge for credit will be £2,673.36 and the total amount payable will be £7,173.36.
We don't have any reviews for UK Credit Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £10,000
  • Loan term: 12 - 60 months

Top choice for

  • They accept tenants as guarantors
  • Your guarantor can be anyone, including your spouse
  • Online quote doesn’t leave a credit footprint
  • Online management tool
  • Funds available fairly quickly after approval

Watch out for

  • No bankruptcy, debt management plan or IVA
  • Your guarantor must have good credit history
  • Your guarantor must be aged between 21 and 70
  • Your guarantor must be either employed, self-employed or retired
  • For loans over £6,000 your guarantor must be a homeowner

Fees & charges

  • Maximum APR 59.9%
  • Arrangement fee: £0
  • Early repayment fee: £40
  • Late payment penalties: £0
15.5% APR Representative
Time to apply
OK 04m 00s
Application Time
OPTIOSCORE
Okay
Representative Example: If you borrow £10,000 over 24 months at a Representative rate of 15.5% APR and an annual interest rate of 12% (fixed), you would pay 24 monthly instalments of £482.50. The total charge for credit will be £1,580.00 (including an arrangement fee of £120) and the total amount payable will be £11,580.00.
We don't have any reviews for eMoney Union.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £2,000 - £15,000
  • Loan term: 24 - 60 months

Top choice for

  • You can settle the loan early
  • Peer-to-peer style lending
  • Your interest rate is based on a risk grade
  • You will be matched with the best lender for you

Watch out for

  • You will need to provide your Equifax score
  • You must register for a User Account to apply

Fees & charges

  • Maximum APR 15.5%
  • Arrangement fee: £325
  • Early repayment fee: £0
  • Late payment penalties: £25
79.4% APR Representative
Time to apply
OK 01m 46s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £3,000.00 over 24 months at a Representative rate of 79.4% APR and an annual interest rate of 59.9% (fixed), you would pay 24 monthly instalments of £217.24. The total charge for credit will be £2,213.68 and the total amount payable will be £5,213.68.
We don't have any reviews for Everyday Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £15,000
  • Loan term: 24 - 60 months

Top choice for

  • Aimed at those with bad credit history
  • Positive customer reviews online
  • Advice articles for improving credit on their website

Watch out for

  • You must be aged 18 years or over
  • You will need to be in full time employment

Fees & charges

  • Maximum APR 79.4%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
48.9% APR Representative
Time to apply
OK 02m 58s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £2,000 over 48 months at a Representative rate of 48.9% APR and an annual interest rate of 25.83% (fixed), you would pay 48 monthly instalments of £84.73. The total charge for credit will be £2,067.04 and the total amount payable will be £4,067.04.
We don't have any reviews for Suco Guarantor Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £15,000
  • Loan term: 12 - 60 months

Top choice for

  • Guarantor loans up to £15,000
  • No upfront fees
  • You don’t need to have good credit history
  • You can settle the loan at any point during the term

Watch out for

  • You will need to have a monthly income
  • You must be a homeowner if applying for more than £8,000
  • Your guarantor must be a homeowner
  • Your guarantor will need to be aged between 18 and 75
  • Your guarantor must have a regular income
  • Your guarantor must be a UK resident

Fees & charges

  • Maximum APR 25.83%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
29% APR Representative
Time to apply
OK 03m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £5,000 over 24 months at a Representative rate of 29.0% APR and an annual interest rate of 10.00% (fixed), you would pay 24 monthly instalments of £268.72. The total charge for credit will be £1,449.28 and the total amount payable will be £6,449.28.
We don't have any reviews for Guarantor My Loan (Homeowner).
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £5,000
  • Loan term: 12 - 60 months

Top choice for

  • No set up fees
  • Your guarantor will receive a month's payment back as a reward for you repaying your first 12 month's payments on time and in full

Watch out for

  • You must be a homeowner
  • Your guarantor must be a homeowner
  • Your guarantor cannot be your spouse or partner

Fees & charges

  • Maximum APR 29.01%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
11.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 60 months at a Representative rate of 11.9% APR and an annual interest rate of 12.19% (variable), you would pay 60 monthly instalments of £134.06. The total charge for credit will be £2,043.60 and the total amount payable will be £8,043.60.
We don't have any reviews for Lloyds Island Personal Loan.
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0 out of 5
Key Facts
  • Loan amount: £500 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Fixed monthly repayments
  • No initial setup fee
  • Choose your own repayment date
  • Better interest rates for Island Gold and Island Premier account holders

Watch out for

  • Must be aged 18 or over
  • You will need to be a resident of the Channel Islands or Isle of Man
  • You must have a current account with Lloyds
  • You must have good credit history

Fees & charges

  • Maximum APR 14.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
47.9% APR Representative
Time to apply
OK 03m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £2,500 over 36 months at a Representative rate of 47.9% APR and an annual interest rate of 47.90% (fixed), you would pay 36 monthly instalments of £120.04. The total charge for credit will be £821.44 and the total amount payable will be £3,321.44.
We don't have any reviews for LendFair.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £500 - £5,000
  • Loan term: 6 - 60 months

Top choice for

  • Your guarantor does not need to be a homeowner
  • You can make overpayments with no fees or charges
  • Monthly repayments are fixed to help with budgeting

Watch out for

  • You will need to have a UK current account
  • Your guarantor will need to be a UK citizen
  • Your guarantor must be over 18 years old
  • Your guarantor needs to be a homeowner or tenant

Fees & charges

  • Maximum APR 79%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
99% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £1,200 over 52 weeks at a representative rate of 99% APR and an annual interest rate of 69% (variable), you would pay 1 weekly instalment of £43.46 and 51 monthly instalments of £32.09. The total charge for credit will be £480.05 and the total amount payable will be £1,680.05.
We don't have any reviews for Oakam Lift Loan.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £5,000
  • Loan term: 12 - 36 months

Top choice for

  • Flexible payment plan
  • Their team can speak over 27 languages
  • Mobile app allows easy management of the loan
  • Refer a friend and receive £10
  • No fees or charges for settling the loan early

Watch out for

  • You must be aged over 18
  • You will need to have been in the UK for at least 6 months
  • You must earn at least £700 per month
  • You must not be in debt management
  • You can’t be bankrupt or have an IVA

Fees & charges

  • Maximum APR 99%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
47.9% APR Representative
Time to apply
OK 01m 45s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £2,000 over 24 months at a Representative rate of 47.9% APR and an annual interest rate of 47.90% (fixed), you would pay 24 monthly instalments of £122.14. The total charge for credit will be £931.36 and the total amount payable will be £2,931.36.
We don't have any reviews for Likely Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £5,000
  • Loan term: 12 - 36 months

Top choice for

  • Simple online application only takes 5 minutes
  • No hidden charges or fees
  • They accept poor credit customers without requiring a guarantor
  • Instant decision online

Watch out for

  • Must be a UK citizen
  • You must be aged 18 or over
  • You must have some credit history
  • You will need to have a bank or building society account
  • No bankruptcy in the last 12 months
  • You must have an income (salary or pension)
  • You can be a homeowner or tenant

Fees & charges

  • Maximum APR 47.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
6.2% APR Representative
Time to apply
OK 02m 36s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 36 months at a Representative rate of 6.2% APR and an annual interest rate of 62% (fixed), you would pay 36 monthly instalments of £228.75. The total charge for credit will be £735 and the total amount payable will be £8235.
We don't have any reviews for QuidCycle Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £2,500 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Peer-to-peer style lending
  • Competitive interest rates
  • Financial education programme for Refinance Plus customers
  • Range of repayment dates to choose from
  • Incentives for paying on time rather than missed payment penalties

Watch out for

  • You must be aged over 21
  • You need to be a UK resident
  • You need to have a UK bank account

Fees & charges

  • Maximum APR 12.3%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.9% APR Representative
Time to apply
OK 03m 20s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £5,000.00 over 24 months at a Representative rate of 3.9% APR and an annual interest rate of 3.83% (fixed), you would pay 24 monthly instalments of £216.75. The total charge for credit will be £201.92 and the total amount payable will be £5,201.92.
We don't have any reviews for RateSetter Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 6 - 60 months

Top choice for

  • Peer-to-peer style of lending
  • Soft credit check that doesn’t leave footprint
  • Loan could be in your account within 24 hours
  • No fees for overpayments or early settlements

Watch out for

  • You must be over 21
  • You will need to have a UK bank or building society account
  • You must have been a UK resident for over 3 years
  • You must have a regular income
  • You must have good credit history

Fees & charges

  • Maximum APR 7.3%
  • Arrangement fee: £5
  • Early repayment fee: £0
  • Late payment penalties: £10
3.6% APR Representative
Time to apply
Slow 06m 33s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 3.6% APR and an annual interest rate of 3.60% (), you would pay 60 monthly instalments of £182.10. The total charge for credit will be £926.00 and the total amount payable will be £10,926.00.
We don't have any reviews for Post Office Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Instant decision
  • Can have payment breaks of up to 2 months per year, Subject to certain conditions

Watch out for

  • You must be 21 years of age or older to apply
  • You cannot have any CCJ's registered against you
  • You must be earning a minimum of £12,000 per year
  • Post Office Money® Personal Loans are provided by Bank of Ireland (UK). Post Office Limited is a credit broker and not a lender
  • You must have been a UK resident for three years or longer

Fees & charges

  • Maximum APR 17.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
2.9% APR Representative
Time to apply
OK 02m 00s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 2.9% APR and an annual interest rate of 2.90% (fixed), you would pay 60 monthly instalments of £179.07. The total charge for credit will be £744.20 and the total amount payable will be £10,744.20.
We don't have any reviews for Sainsbury's Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £40,000
  • Loan term: 12 - 84 months

Top choice for

  • 2 month repayment holiday at the start of the loan available
  • Dealing with a household name
  • Better rates for Nectar card holders
  • Price promise on like for like-for-like loans

Watch out for

  • You must be aged between 18 and 80
  • You will need to be aged less than 83 when the loan is repaid
  • You must have a UK bank or building society account with Direct Debit facility
  • You must have a permanent UK address
  • You must have a household gross income of at least £7,500
  • No CCJs or bankruptcy

Fees & charges

  • Maximum APR 12.5%
  • Arrangement fee: £0
  • Early repayment fee: £5
  • Late payment penalties: £25
3.1% APR Representative
Time to apply
OK 02m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 3.1% APR and an annual interest rate of 3.00% (fixed), you would pay 60 monthly instalments of £179.94. The total charge for credit will be £736.37 and the total amount payable will be £10,736.37.
We don't have any reviews for Zopa Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 24 - 60 months

Top choice for

  • Top-ups are allowed up to a total of £25,000
  • Peer-to-peer style lending
  • Money Supermarket’s Best Personal Loans Provider 2016
  • No charges for early settlement or overpayments

Watch out for

  • You must have good credit history
  • You need to be aged over 20
  • You must be a UK resident
  • You will need to have 3 years’ address history in the UK
  • You must be employed, self-employed or retired with a pension
  • You must have an income of at least £12,000 per year
  • You must be able to afford the loan
  • You will need to confirm your identity

Fees & charges

  • Maximum APR 3.1%
  • Arrangement fee: £180
  • Early repayment fee: £0
  • Late payment penalties: £0
3% APR Representative
Time to apply
OK 04m 21s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £10,000 over 48 months at a representative rate of 3.0% APR and an annual interest rate of 3.00% (fixed), you would pay 48 monthly instalments of £221.15. The total charge for credit will be £615.20 and the total amount payable will be £10,615.20.
We don't have any reviews for Marks & Spencer Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • One of the UK's most-loved brands
  • Able to defer repayments for three months
  • No credit footprint left by online quote
  • Fixed monthly repayments
  • Payment holidays available

Watch out for

  • You will need to be aged 18 or over
  • You must be a UK resident
  • You need to have an income of over £10,000 per year
  • You will need to have good credit history

Fees & charges

  • Maximum APR 18.5%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
52.6% APR Representative
Time to apply
Fast 01m 23s
Application Time
OPTIOSCORE
Okay
Representative Example: If you borrow £6,000 over 120 months at a Representative rate of 52.6% APR and an annual interest rate of 40.34% (variable), you would pay 120 monthly instalments of £181.94. The total charge for credit will be £16,832.80 and the total amount payable will be £22,832.80.
We don't have any reviews for Progressive Money.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £15,000
  • Loan term: 24 - 180 months

Top choice for

  • Loans available up to 15 years
  • Quick online enquiry that doesn’t leave credit footprint
  • Funds paid directly into your account

Watch out for

  • You must be a homeowner and live in that home
  • You will need to be employed and earn £800 per month
  • You will need to be aged between 21 and 70
  • You will need to be able to afford the monthly repayments

Fees & charges

  • Maximum APR 52.62%
  • Arrangement fee: £295
  • Early repayment fee: £0
  • Late payment penalties: £0
39.9% APR Representative
Time to apply
Fast 01m 31s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £4,000 over 36 months at a Representative rate of 39.9% APR and an annual interest rate of 34.00% (fixed), you would pay 36 monthly instalments of £178.69. The total charge for credit will be £2,432.75 and the total amount payable will be £6,432.75.
We don't have any reviews for TrustTwo.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £7,500
  • Loan term: 13 - 60 months

Top choice for

  • You don’t need to have good credit history
  • Your guarantor can be a tenant or homeowner
  • You can choose weekly or monthly repayments
  • They don’t charge any upfront fees

Watch out for

  • You will need to be aged over 18 years
  • You must be a UK resident
  • No bankruptcy, IVAs or debt management plans
  • Your guarantor must be aged between 25 and 74
  • Your guarantor can be someone close to you but not a spouse

Fees & charges

  • Maximum APR 39.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0

Debt consolidation is the practice of taking out one large, low rate loan to pay off several smaller, higher rate loans. In certain circumstances, debt consolidation loans can be a sensible and cost-effective way of reducing your outgoings. If you have outstanding credit card balances, where your introductory interest-free periods have lapsed, or if you’ve over-extended yourself by taking out several high-cost short-term loans, then taking out a loan for debt consolidation is often a cheaper solution. 

What not to do 

If you’re already at the stage where you’ve missed one or more repayments on an outstanding loan or credit card, particularly if it’s a high-cost short-term loan, then taking on even more debt will only make the situation worse. If you do find yourself in this situation then there are a number of options to consider as opposed to borrowing.

Types of debt consolidation loans

There are a number of different lender types that provide loans for the purpose of debt consolidation. Each will suit customers with different credit profiles and circumstances. 

Bank loans

Bank loans range from between £1000 and £25,000, with interest rates as low as 3.2% and repayment periods ranging from one to seven years. Every bank loan featured will accept your application with the loan purpose as debt consolidation but you will need to have a good credit rating. You can learn more about bank loans by visiting our bank loans comparison page.

Supermarket loans

Supermarket loans feature in the comparison table below and are offering debt consolidation loans to customers with good credit profiles. Loan amounts range from £1000 to £25,000 and repayment periods from 1 to 7 years. You can compare supermarket loans side by side using our supermarket comparison table

Peer to peer lenders

Peer to peer lenders connect savers with borrowers, offering loans to customers with good credit profiles. They’ll accept debt consolidation as the loan purpose and you can borrow from £500 - £25,000. Rates offered will be specific to each individual but can be as low as bank or supermarket loans

Guarantor loans

Guarantor lenders offer from £50 - £7500 and offer loans to people with debt consolidation as the purpose. If you’ve got someone who’s willing and able to back your loan application, then a guarantor loan could be a suitable option if your credit history is less than perfect. If your requirements suit that of a guarantor loan then it may be worth checking out our guarantor loans comparison table

Online pawnbrokers

Online pawnbrokers offer loans over £1000 and will accept your application with debt consolidation as the purpose. They’ll value your goods and offer you a loan depending on that valuation. Once the loan is repaid you will get your items back. 

Logbook lenders

If you have your own car that’s less than 10 years old, then a logbook loan is an option to consolidate your debts if you’ve got a bad credit profile. Your car will be secured against the loan. The reason they are called logbook loans is that the logbook (vehicle registration document) is taken by the lender for the duration of the loan term, temporarily resulting in the lender owning your vehicle (learn more about logbook loans).

Acceptance criteria

Each lender will have varying acceptance criteria. However, if you’re applying with a bank or supermarket you will require a perfect credit history. Rule of thumb for practically all lenders is that you must be at least 18 years old, have a UK bank account with direct debit facilities and be able to convince lenders that you are able to meet the monthly repayments. 

Final word

Debt consolidation loans are a cost-effective way of reducing outgoings, especially if you have a good credit history. However, debt consolidation loans are suited to a very specific set of circumstances. If you have continuing debt which you’re currently struggling to keep up with then borrowing more is not the answer.

Got debt problems? For free advice and assistance visit the Money Advice Service or debt charities, such as Stepchange.

You can personalise these results with our loan search.