Debt consolidation
Better manage your finances.
How much could my loan cost?
Our calculator gives you examples for unsecured personal loans, from £2,000 to £35,000 over a loan term of 12 to 84 months.
If you are interested in a secured loan (a loan secured against your home), head over to our secured loans page and check your eligibility directly.
Rates and amounts shown on our calculator are only an indication and are not guaranteed. To check your eligibility for a personal loan, click on the check eligibility button. Our eligibility check won’t harm your credit score. Please note that credit is subject to status and the percentage APR rate you will be offered is dependent on your personal circumstances.
Help achieve peace of mind through simplifying your finances.
Here’s why considering a personal loan through one of our panel of lenders for debt consolidation could help.
One payment
Instead of juggling multiple payments, you’ll have just one monthly payment.
Reduce outgoings
If you are eligible for a lower interest rate or a longer repayment term, your monthly payments could be smaller*.
Credit score
With only one payment to remember, you may be less likely to miss a payment, which can help your credit score.
Peace of mind
It’s easier to see how much you owe when it’s all in one place and you’ll know exactly when your loan will be paid off.
*If consolidating existing borrowing, please keep in mind that the repayment term of the debt may increase and it could increase the total amount you have to repay. You should always compare the interest rate or APR (Annual Percentage Rate) of your existing debts with those of the debt consolidation loan offered to ensure that you are benefitting from consolidating your debts.
Loans for debt consolidation can be either unsecured or secured. Secured loans are secured against your property and will attract a broker fee and a lender fee upon completion that may be added to the amount borrowed. Full details will be provided by the credit broker. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
For more information on secured loans click here to visit our dedicated page
It’s important to approach debt consolidation carefully. It can be a helpful tool if used correctly, but it’s not a solution for everyone. Make sure to consider whether it aligns with your financial goals. Additionally, it’s important to address the spending or budgeting issues that led to the debt in the first place to help avoid falling into a similar situation.
You may not qualify for a lower interest rate. Like all credit products, missed payments can affect your credit score. You should consider any additional interest you may incur if you consolidate any credit you have that is currently interest free into an interest bearing loan.
- Ease: A quick and easy online eligibility check that doesn’t harm your credit score.
- Clarity: You’ll know exactly how much you will be repaying and when.
- Trust: We work with a panel of lenders and brokers to offer loan comparisons you can trust.
- Assurance: We’re part of the Secure Trust Bank PLC Group of companies which has been around for over 70 years.
Why V12?
In safe hands
- Trust us to help you check if you are eligible for a personal loan.
- We’re part of Secure Trust Bank PLC. An award winning retail bank, providing savings accounts and lending services to over 1 million customers.
- We only work with a select and trusted panel of lenders and brokers.
Be assured
- Quick and easy online eligibility check - with no harm to your credit score.
- Personalised rates - we show you the rate the lender will offer you based on your individual circumstances.
- We show you how likely you are to be approved with our eligibility score.
You’re in control
- Quick decisions from our lenders with key product information allowing you to make an informed choice.
- You'll know exactly how much you'll repay and when, before you commit to a loan.
- In some instances you could get your money within 2 hours of applying.
It's important to carefully consider the type of loan that best suits your needs as well as a term and amount that is suitable and affordable.
V12 Personal Finance is a credit broker, not a lender. V12 Personal Finance introduces you to a limited range of brokers or lenders who may offer you a loan. V12 Personal Finance does not work with the whole of the lending market, meaning other loans may be available to you elsewhere.
V12 Personal Finance does not give you any recommendation or advice. V12 Personal Finance acts for itself and is not impartial. It does not act for you or for the lenders or brokers it works with.
V12 Personal Finance receives a fixed or percentage commission payment from the lender or broker if you take out a loan. The commission it receives varies depending on the product and loan amount. Loan offers (if available) are shown in this order: unsecured loans followed by secured loans, ranked by the closest matched loan amount, term and lowest APR respectively. Before completing your application, you will be shown the commission arrangement between V12 Personal Finance and the lender or broker you have selected.
Credit is subject to status. You must be UK resident aged 18 and over, with a regular provable income. If you are a homeowner, V12 Personal Finance may provide you with details of loans secured against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
To make things easier, we'll share the information (including your personal details) that you confirm and provided during this eligibility check with our panel of lenders or brokers. We do this so that they can provide you with a quote for the loan you have requested and to save you from having to tell them again. Details of our panel can be found here.
You can read more about how we use your personal data in our privacy statement.