What is a consolidation loan? It is a larger loan to repay all the smaller ones with cash to spare if needed. So what is the advantage? Smaller loans including credit cards and hire purchase generally have a much higher monthly repayment, are over a short term and usually charge a very high rate of interest. Example: Total the balances on your credit cards, bank loans, car finance, catalogue etc this could be say £25,000, your total monthly payment might be £735.00. A loan of £25,000 at an interest of 7.7%, repayments can be as low as £183.78 per month saving you over £550 per month in the above example, repayment quoted is over 300 months, shorter repayment terms available. Check out the repayments and see how much you can save compared to other types of finance. Apply Today and get your finance on track Apply now and have acceptance in principle in 24 hours       YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. Written quotations on request – Loans available only to homeowners or mortgage payers. * Applications and emails are usually responded to within 24 hours or the next working day. * Personal Loans: £5,000 to £100,000 - Homeowner and mortgage payers only. Typical example: £18,000 over 180 months is £172.93pm total repayable £31,126.68 apr 8.4% variable - fixed rates available.* Mortgages: Minimum amount £25,500 no upper limit - set up costs legal and admin fees apply, usually added to capital.