With a personal loan, you can borrow £2,000 to £5,000 over 2 to 4 years. A fee of 12.5% of the net loan amount, capped at £2975, is payable upon completion.If you own your own home, you could apply for a homeowner loan and borrow £10,000 to £250,000 over 3 to 30 years. The actual rate available will depend upon your circumstances. If you own your own home, you could use some of the money tied up in it to pay off your existing debts.This loan works in the exact same way as a debt consolidation loan.A debt consolidation loan could help you repay your debts at a reduced rate, over a longer period.This should give you a bit of breathing space in your budget every month.You could use a debt consolidation loan to pay off the debts you already have, meaning you only have to make one, affordable payment each month, rather than lots of smaller ones.We’ll do everything we can to find you a great deal on a loan – one that’s affordable for you and right for your circumstances. Similar to a debt consolidation loan, if you’ve many existing debts, such as credit cards, personal loans, overdrafts and store cards, you could use some of the money tied up in your home to pay them off.
If you have any queries during the loan application process, call our customer service centre on 1300 324746 and we will help you.
Debt Consolidation Loans Australia In Australia, debt consolidation loans are very common and assist Australians who are struggling to manage numerous small debts.