Hitachi Personal Finance Personal Loan
Loan AmountRepresentative APRLoan Term
£2,500 to £25,0004.1%
(£7,500 to £10,000)
2 years to 5 years
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
 
Tesco Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£3,000 to £25,0004.1%
(£7,500 to £15,000)
1 year to 10 years
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
 
Sainsbury's Bank Standard Medium Loan (4-5 Yrs) Ex/C
Loan AmountRepresentative APRLoan Term
£7,500 to £15,0004.1%
(£7,500 to £15,000)
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
 
AA Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.3%
(£7,500 to £15,000)
2 years to 5 years
Plus free AA Breakdown cover for a year. For T&C’s see website.
Excellent credit rating required. Homeowners are more likely to be accepted.
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
 
Clydesdale Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.3%
(£7,500 to £15,000)
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement.
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
 
Santander Internet Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £20,0004.3%
(£7,500 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
 
Yorkshire Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.3%
(£7,500 to £15,000)
1 year to 7 years
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
 
Zopa Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.7%
(£7,500 to £15,000)
2 years to 5 years
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Representative Example: The Representative APR is 4.7% so if you borrow £10,000 over 3 years at a rate of 4.7% p.a. (fixed) you will repay £298.14 per month & £10,733.04 in total.
 
RBS Internet Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £14,950)
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
 
Sainsbury's Bank Standard Small Loan (£5K-£7499) (4-5 Yrs)
Loan AmountRepresentative APRLoan Term
£5,000 to £7,4995.4%
(£5,000 to £7,499)
4 years to 5 years
Representative Example: The Representative APR is 5.4% (fixed) so if you borrow £5,000 over 4 years at a rate of 5.4% p.a. (fixed) you will repay £115.76 per month & £5,556.48 in total.
 
Nationwide Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0005.9%
(£7,500 to £14,999 )
1 year to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 5.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.9% p.a. (fixed) you will repay £233.69 per month & £11,217.12 in total.
 
Sainsbury's Bank Standard Medium Loan (5+ Yrs) Ex/C
Loan AmountRepresentative APRLoan Term
£7,500 to £15,0006.1%
(£7,500 to £15,000)
61 months to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 6.0% (fixed) so if you borrow £10,000 over 7 years at a rate of 6.0% p.a. (fixed) you will repay £145.32 per month & £12,206.88 in total.
 
Nationwide Personal Loan
Loan AmountRepresentative APRLoan Term
£7,500 to £25,0006.2%
(£7,500 to £14,999)
1 year to 5 years
Representative Example: The representative APR is 6.2% (fixed) so if you borrow £11,000 over 51 months at a rate of 6.2% p.a. (fixed) you will repay £245.04 per month & £12,497.04 in total.
 
Ulster Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£7,000 to £14,950)
1 year to 5 years
You must be an existing Ulster Bank customer and be registered for Anytime banking to apply online.
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.86 per month & £11,321.28 in total.
 
NatWest Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£7,500 to £14,950)
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.77 per month & £11,316.96 in total.
 
Sainsbury's Bank Standard Large Loan (5+ Yrs)
Loan AmountRepresentative APRLoan Term
£15,001 to £25,0006.6%
(£15,001 to £25,000)
61 months to 7 years
Representative Example: The Representative APR is 6.6% (fixed) so if you borrow £20,000 over 7 years at a rate of 6.60% p.a. (fixed) you will repay £296.10 per month & £24,872.40 in total.
 
Moneyway Plus Loan
Loan AmountRepresentative APRLoan Term
£3,000 to £15,0007.5%
(£7,001 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 7.9% so if you borrow £7,000 over 3 years at a rate of 7.9% p.a. (fixed) you will repay £218.15 per month & £7,853.40 in total.
 
RateSetter 1 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0008.7%
(£11,000 to £25,000)
1 year to 23 months
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 8.8% (fixed) at a rate of 8.8% p.a. (fixed) Arrangement fee from £127.10.
 
Moneyway Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £15,00018.9%
(£12,001 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 24.9% so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
 
Opal Loans Personal Loan
Loan AmountRepresentative APRLoan Term
£2,000 to £10,00024.9%
(£2,000 to £10,000)
2 years to 5 years
Opal Loans offers a loan broking service. Please only apply if you are a home owner, aged 25 to 72, earning £15,000 per annum, and making regular payments to your mortgage.
Representative Example: Representative 24.9% APR (variable). Borrow £5,000 and pay £198.53 a month for 36 months. The Total Interest Payable is £2,147.08. The Total Amount Payable is £7,147.08.
 

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How To Find The Best Debt Consolidation Loans

A debt consolidation loan gives you a means of paying your debts off with a single manageable monthly repayment rather than having to pay off numerous different debts each month with several different payments.

How To Find The Best Debt Consolidation Loans

The basic idea is that you use debt consolidation loans to clear other more expensive debts before you incur additional charges and interest.

You can usually use them to clear multiple credit cards, loans and overdrafts and move them to a single loan with a single provider.

So providing you find a low interest debt consolidation loan, they can prove a useful tool in both cutting the interest rate you pay and the number of monthly payments that you have to deal with.

When you're consolidating loans you'll need to specify the amount you need to borrow and the number of months you choose to spread your loan repayments over.

It's best to spread your borrowing over as short a period as you can comfortably afford as this will minimise the amount you'll pay in interest overall.

If you spread your consolidation loan payments over a longer period than your current debts are scheduled to run over, clearing the balance could actually cost you more in the long run.

Unsecured consolidation loans are generally preferable as they do not require you to put up your home as security for the lender as a guarantee that you will meet your repayment. Of course, they're also more widely available as you can apply even if you don't have property in your name.

However, if you have a reasonable credit rating then it's worth looking at whether a 0% balance transfer credit card could provide a cheaper and more flexible solution.

These would enable you to repay your loans as and when you had the money available and, other than a balance transfer fee of around 2 - 3%, won't charge you any interest for a certain number of months.

You will need to be confident that you could either repay your debt in its entirety by the end of the 0% balance transfer offer or be willing to make another balance transfer in order for this to be a workable option. If you don't do this you could end up paying out a significant amount in interest repayments.

The problem that many find is that getting into debt is a vicious circle. The more debt you get into, the harder it is to get a loan to pay off these debts.

However, with a debt consolidation loan bad credit is not always a prohibitive factor as you should still be able to borrow through this channel.

Guarantor debt consolidation loans are available and secured debt consolidation loans are always an option if you're not eligible for unsecured debt consolidation loans. However, this would mean your home would be at risk if you couldn't keep up with the repayments.

Loans for debt consolidation can be a useful way to merge multiple expensive debts into a single cheaper loan. However, this is only the case if you compare your options and choose the loan that works out cheapest for your individual circumstances.

There is plenty of choice when it comes to getting an unsecured debt consolidation loan and the best way of analysing your options is to compare the various options, their benefits and their terms and conditions.

Being in debt can be difficult whether it is a debt of your own causing or otherwise. And, if you're really struggling with your debt repayments, then taking out a debt consolidation loan may not necessarily be the best course of action.

If you're unable to keep up with your current debt repayments then getting debt advice from a not-for-profit organisations that provides assistance and support for individuals struggling with significant debt is likely to be a better option.

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