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Wise. Insightful. Trusted.

WiTMoney is a free financial comparison and information service, part of WiT Finance Group. We do not provide financial, investment or credit advice. WiT Money may receive a commission or referral fee from some providers when you follow a link or take out a product. See how we make money.

Product information is provided for comparison and general information purposes only and does not constitute a personal recommendation. Rates, fees, eligibility criteria and other terms can change. Always check the latest information and full terms directly with the provider before making a decision.

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  1. Home
  2. Borrow
  3. Debt Consolidation

Borrow

Debt Consolidation

Compare loans for combining credit cards, overdrafts and other debts into one repayment. Check debt types accepted, suitability and total cost — not just the monthly figure.

Match debt types

Cards, loans, overdrafts and more

Check total cost

Term length can raise overall repayable

Subject to status

Lender assessment required

Loans

Choose your loan type

All loan types

Personal Loans

Flexible unsecured borrowing for a wide range of needs.

Compare

Secured Loans

Property-backed borrowing for homeowners — understand the risks first.

Compare

Debt Consolidation Loans

Combine multiple debts into one monthly repayment.

Home Improvement Loans

Fund renovations, extensions and household projects.

Compare

Wedding Loans

Spread eligible wedding costs over fixed monthly repayments.

Compare

Bad Credit Loans

Explore lenders that may consider a wider range of credit histories.

Compare

Filters

Loan type

What would you like to consolidate?

Representative APR

Eligibility

Availability

Funding speed

Fees & repayment

Creditor payment

Provider

Your loan

How much would you like to consolidate?

Choose an amount and repayment term to compare matching loans.

£

Enter an amount between £1,000 and £50,000.

over

Loan availability and rates are subject to eligibility.

Before consolidating debt

A lower monthly repayment does not necessarily mean you will repay less overall. A longer loan term can reduce your monthly payment while increasing the total amount of interest you pay.

How debt consolidation works →

12 matching loans

We compare participating providers and do not cover the whole market. WiT Money may receive a commission or referral fee from some providers if you proceed through a link. See how we make money

£10,000 over 5 years

Comparison methodology →
first direct

first direct Personal Loan – Debt Consolidation

first direct current account customers only
Apply now (opens in a new tab)

Eligibility and terms are subject to lender assessment.

5.9%

Representative APR*

£1,000–£50,000

Loan amount

1–8 years

Loan term

Funds available right away if approved

Funding

*5.9% representative APR applies to loans from £10,000–£30,000. Your rate depends on the amount borrowed and your circumstances.

Availability

first direct current account required

Can consolidatePersonal loans
  • Overpayments allowed
  • Unsecured loan
Apply now (opens in a new tab)

Eligibility and terms are subject to lender assessment.

M&S Bank

M&S Personal Loan

Soft eligibility check
No arrangement fee
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

5.9%

Illustrative APR

£1,000–£30,000

Loan amount

1–7 years

Loan term

No arrangement or set-up fees

Fees

Can consolidateCredit cardsPersonal loansStore cards
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Nationwide

Nationwide Debt Consolidation Loan

Existing customers only
Soft eligibility check
No arrangement fee
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

5.9%

Representative APR

£1,000–£50,000

Loan amount

1–10 years

Loan term

No hidden/set-up fees

Fees

Availability

Nationwide current account, savings account or mortgage required

Can consolidateCredit cardsPersonal loansOverdrafts
  • Overpayments allowed
  • No early repayment fee
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

TSB

TSB Debt Consolidation Loan

Soft eligibility check
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

6.1%

Representative APR

£1,000–£25,000

Loan amount

1–5 years

Loan term

Unsecured

Security

Can consolidateCredit cardsPersonal loansOverdrafts
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Santander

Santander Debt Consolidation Loan

Soft eligibility check
No arrangement fee
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

6.4%

Representative APR

£1,000–£25,000

Loan amount

1–5 years

Loan term

Within 3 working days

Funding

Can consolidateCredit cardsPersonal loansOverdrafts
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

HSBC

HSBC Debt Consolidation Loan

Soft eligibility check
No arrangement fee
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

6.5%

Representative APR

£1,000–£30,000

Loan amount

1–8 years

Loan term

Same-day possible

Funding

Can consolidateCredit cardsPersonal loansOverdrafts
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

NatWest

NatWest Debt Consolidation Loan

Soft eligibility check
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

6.9%

Representative APR

£1,000–£50,000

Loan amount

1–8 years

Loan term

Same-day possible

Funding

Can consolidateCredit cardsPersonal loansOverdrafts
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Halifax

Halifax Debt Consolidation Loan

Soft eligibility check
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

7.4%

Representative APR

Up to £35,000 / £50,000

Loan amount

1–7 years

Loan term

Same-day possible

Funding

Borrowing limits

Non-customers up to £35,000; current-account holders up to £50,000

Can consolidateCredit cardsPersonal loansOverdrafts
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Lloyds

Lloyds Debt Consolidation Loan

Existing customers only
Soft eligibility check
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

7.4%

Representative APR

£1,000–£50,000

Loan amount

1–7 years

Loan term

Same-day possible

Funding

Availability

Yes for online route – Lloyds/Halifax/Bank of Scotland current account held ≥1 month

Can consolidateCredit cardsPersonal loansOverdrafts
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Tesco Bank

Tesco Bank Debt Consolidation Loan

Soft eligibility check
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

6.4%

Representative example APR

£3,000–£35,000

Loan amount

1–10 years

Loan term

Within 1 working day

Funding

Can consolidateCredit cardsPersonal loansOverdrafts
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Abound

Abound Personal Loan – Debt Consolidation

Soft eligibility check
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

21.8%

Representative example APR

£2,000–£20,000

Loan amount

1–5 years

Loan term

Within 1 working day

Funding

Can consolidatePersonal loans
  • £250 fee in representative example
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Zopa

Zopa Debt Consolidation Loan

Soft eligibility check
No arrangement fee
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

22.9%

Representative example APR

£1,000–£50,000

Loan amount

1–7 years

Loan term

Same-day possible

Funding

Can consolidateCredit cardsPersonal loans
  • Overpayments allowed
  • Unsecured loan
Check eligibility → (opens in a new tab)

Soft eligibility check available. A full application may involve a hard search.

Struggling to keep up with repayments?

Free independent debt advice is available — see MoneyHelper, StepChange and other organisations. These are external resources, not partners of WiT Money.

Product information

Last checked: 24 August 2026

Source: Official lender product information.

Representative APRs and product details are taken from verified lender disclosures and may change. Your rate depends on your circumstances. Credit subject to status. Debt consolidation does not remove debt and is not always cheaper. Always confirm current terms on the provider’s website. If you are struggling with debt, free independent advice is available from organisations such as MoneyHelper and StepChange.

Our methodology

How we compare debt consolidation loans

We compare products using information published by UK lenders — APR, amount, term, fees and eligibility features — so you can weigh total cost side by side.

  • Representative APR
  • Loan amount
  • Repayment term
  • Monthly repayment
  • Total amount repayable
  • Soft-search availability
  • Early repayment options
  • Fees where applicable
  • Funding speed
  • Eligibility features

Full detail: Comparison Methodology.

Eligibility

Who typically qualifies?

Debt consolidation approval depends on creditworthiness, affordability, income and the amount you want to consolidate. Each lender applies its own criteria.

Usually required

  • Aged 18 or over
  • UK resident
  • Verifiable regular income
  • UK current account
  • Ability to afford the new monthly repayment
  • Proof of identity
  • Proof of address

What lenders may assess

  • Credit history
  • Existing debts and financial commitments
  • Income and expenditure
  • Total amount being consolidated
  • Employment status
  • Loan purpose
  • Whether the borrowing is secured or unsecured

Meeting typical eligibility requirements does not guarantee acceptance. Each lender carries out its own affordability and creditworthiness assessment.

Before you apply

Before consolidating your debts

A lower monthly repayment does not necessarily mean you will repay less overall. A longer loan term can reduce your monthly payment while increasing the total amount of interest you pay.

How debt consolidation works →

  1. 1List your existing debts and their interest rates.
  2. 2Add up your current monthly repayments.
  3. 3Compare the total amount repayable on the new loan.
  4. 4Check whether existing loans have early repayment charges.
  5. 5Confirm the new monthly payment fits your budget.
  6. 6Avoid making several full loan applications in a short period.

Review your credit score before a full application. If you are already struggling, see free debt advice.

Is it right for you?

When debt consolidation may — or may not — help

It may be worth considering if

  • You have several existing debts
  • You want to manage one monthly repayment
  • The new borrowing could reduce your overall borrowing cost
  • You can comfortably afford the repayments
  • You understand the full repayment term and total cost

It may not be suitable if

  • Extending the term substantially increases total interest
  • Existing borrowing already has a lower rate
  • You are already struggling to meet essential bills or debt repayments
  • The new loan would turn unsecured debt into borrowing secured against your home
  • You would continue building new debt after consolidating existing balances

Debt consolidation does not remove debt. It replaces existing borrowing with a new repayment arrangement. Debt consolidation pros and cons

Need help with debt?

Free and independent debt advice

If you are struggling to keep up with repayments, missing essential bills or feel that borrowing more may not solve the problem, free independent debt advice is available from organisations such as MoneyHelper, StepChange and National Debtline. These are external resources — not partners of WiT Money — and do not endorse this site. We do not earn commission from these links.

  • MoneyHelper
  • StepChange Debt Charity
  • Citizens Advice
  • National Debtline

Borrowing costs

Understanding the real cost of debt consolidation

A lower monthly repayment does not necessarily mean you will repay less overall. A longer loan term can reduce your monthly payment while increasing the total amount of interest you pay.

Representative APR

An example annual rate. The rate you receive may differ.

Monthly repayment

The amount due each month under the agreement.

Total amount repayable

Full amount repaid over the term, including interest and relevant fees.

Loan term

How long the debt is repaid over.

Early repayment charges

Some lenders may charge or apply conditions if you settle early.

Fees

Some products include arrangement or administration charges.

Loan types

Secured vs unsecured debt consolidation

Unsecured consolidation

  • No property is used as security
  • Common for smaller and medium-sized borrowing
  • Approval depends on affordability and creditworthiness
  • Rates and borrowing limits vary by lender

Secured consolidation

  • Borrowing is secured against an asset such as your home
  • May allow larger borrowing amounts
  • Repayment terms may be longer
  • Your home or secured asset may be at risk if repayments are not maintained

Think carefully before converting unsecured borrowing into debt secured against your home.

Credit checks

Soft and hard credit searches

Soft search

  • Often used by eligibility checkers
  • Helps estimate whether you may qualify
  • Generally not visible to other lenders

Hard search

  • May be used on a full application
  • Recorded on your credit history
  • Can be considered by future lenders

A soft eligibility check generally will not affect your credit score. A full application may involve a hard credit search. Soft checks do not guarantee acceptance. How credit checks work

Important information

Important things to know

General information only — always confirm current terms with the lender.

  • Debt consolidation does not remove debt — it replaces existing borrowing with a new arrangement.
  • Missing repayments can result in fees and affect your credit file.
  • Secured consolidation may put your home or other secured asset at risk.
  • Borrow only what you need and can afford to repay.

FAQs

Common questions about debt consolidation

Credit impact, debt types, bad credit, early settlement and when to seek free advice.

How we review debt consolidation information

  • UK-focused editorial research
  • Product details checked against published lender information
  • Commercial relationships do not determine factual product information
  • Guidance written for clear, fair UK consumer information

Last reviewed: 24 August 2026

Product data last checked: 24 August 2026

  • Editorial Guidelines
  • Comparison Methodology
  • How We Make Money
  • Corrections Policy

Sources and further information

Reference links only — these organisations do not endorse WiT Money. Free debt-advice charities are listed in the advice section above.

  • Financial Conduct Authority
  • MoneyHelper

Found an outdated rate or product detail? Email contact@witfinancegroup.com. We review reported inaccuracies and update verified information promptly.

Estimate your repayments

Illustrative estimates only — compare total cost before you shortlist a consolidation loan.

Loan calculatorPersonal loans

Related

Continue with a related page

Links are chosen from this category’s registry — not a generic keyword dump.

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