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Debt Consolidation Loans

Fixed-rate loans that help you take back control


Voted UK’s Best Personal Loan Provider for the last 10 years running

4.9 3523
4.9/5

Low rate loans from

7.4 % APR

Representative on £7,500 to £25,000

Representative on £7,500 to £25,000

With a debt consolidation loan, you can get your finances back on track

Wouldn’t it be great if you could combine all your debts into one monthly repayment? With a debt consolidation loan, you can do just that. Instead of managing multiple debts, you could use a personal loan to pay off what you owe, then simply pay your loan back over a series of fixed-rate monthly instalments.

  • Consolidate debts of £1,000 to £35,000

  • Repay your loan over 2 to 7 years

  • Competitive rates from 7.4% APR Representative (£7,500-£25,000)

  • Award-winning customer service

  • Borrow from an unsecured personal loan specialist you can trust

  • Complete our loan application in minutes

  • Funds could be with you in just two working days

  • Fixed-rate monthly payments on your chosen date (after your first payment has been made)

  • No upfront fees, hidden charges or surprise costs

  • Manage almost every aspect of your account online or via our app


Benefits of consolidation loans

  • Easier to manage, with just one monthly payment to think about
  • Track how much you have left to repay, giving you a clearer idea of when you’ll be debt-free
  • Potentially reduce your monthly outgoings, particularly if you’re currently paying high interest rates across different debts
  • A fixed-rate loan is easier to keep track of. Simply pay the same amount on the same date every month
  • It can be quicker to pay off just one loan, and reducing your debt can help to improve your credit score
  • With us, there are no hidden fees. We won’t charge you penalty fees if you want to settle your loan early or make extra payments either

Debt consolidation loans may be beneficial where the level of interest paid is lower than that of the debts consolidated. However, while consolidation debts may help reduce the amount you pay each month, spreading the cost over a longer period may result in additional interest payments overall depending on your individual circumstances. If you are considering taking out a loan as a way of managing debt, it’s advisable to seek free debt advice before doing so. Visit our FAQs page for more information on debt advice charities that offer free and impartial advice.

Find out how consolidating your debts could change your life

Nicola realised she had built up debts to the point where she was paying more off on credit cards than she would on a loan over five years. She knew it was time to change the way she managed her money. Nicola told us how she used a debt consolidation loan from Novuna Personal Finance to get her finances back on track.

“We now have a clear date when we will be debt-free, and we’re motivated not to get into the same situation again.”

Read Nicola's story

How much could a debt consolidation loan cost?

Find out how much it could cost to borrow the money you need. The results are based on the representative APR for the amount you wish to borrow. Your actual rates and repayments may be different and will be based on your personal circumstances, credit history, loan amount and term.

Debt Consolidation Loan Calculator

Find out how much our loan could cost each month and in total based on our representative APR. Simply change the amount you wish to borrow or the loan amount to get an instant result.

Choose how to calculate your loan repayments
£
months

Representative Example:

Monthly repayment

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Interest rate

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Total amount payable

£{value}

Loan amount

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Loan Term

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A loan of £7,500 over 5 years: rate of interest 7.4% (fixed), 7.4% APR Representative, monthly repayment of £149.09, total repayment of £8945.40

Remember, the rate you are offered may vary due to personal circumstances and loan amount, the majority of our customers receive the advertised rate. However, if you complete an application directly via the Novuna Personal Finance website and are given a higher APR, we guarantee that you'll never pay more than £236.39 per month with our maximum 32.7% APR Representative when you borrow £7,500 over 5 years*.

The maximum APR you could be offered when you borrow other loan values is 36.4%*. All loans are subject to status.

*Only for applications carried out directly via the Novuna Personal Finance website

Why choose Novuna Personal Finance?

We understand that managing your debts isn't always easy and we want to help you get your finances back on track. We’ve been putting customers first for over 40 years, so you can trust us to provide outstanding support.

We treat everyone as individuals, with respect and empathy. Our first-rate customer service is what sets us apart from other providers – it’s why we’ve been voted Best Personal Loans Provider by YourMoney.com for the last 10 years running.

Find out what other customers think

Debt consolidation loans FAQs


What’s it really like to get a loan from us?

We’re proud of our service, and our customers like it too. Read our real-time reviews to find out what customers think about us.


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