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Consolidate Your Debts With Debt Consolidation Loans UKApply Now

Debt consolidation loans are the most convenient way to clear your multiple debts. You can easily clear your multiple debts with this low interest rate loan. These are unsecured loans and no need of the collateral. Most of the lenders provide loans irrespective of your credit score. As there is no collateral the loan APR will be decided based on various factors.

Consolidate your Debts with Debt Consolidation Loans UK

Beneficial Factors of Debt Consolidation Loans

Online procedures did make things transparent and hustle free for the borrowers. Many lenders are reliable enough to provide a personal loan up to £5000. Lenders also do check your loan repayment history of your existing loans.

Build your Credit Score

Build Your Credit Score

Low-Interest Rate

Low-Interest Rate

No Restrictions on usage

No Restrictions
On Usage

Quick Disbursal

Quick Disbursal

Tax Benefit

Tax Benefit

Wondering aboutHow this all Works?

Wondering About How this all Works?

Application Form

Get started with the Online Application to avail a suitable loan for you.

Quick Decision

You will get timely and quick answers on your Loan Application.

Prompt Transfers

You will get the loan amount as soon as possible into your bank accounts upon approval of your loan application.

Eligibility Criteria

  • Age – Be 21 years & above
  • Residency – Be A Legal UK Resident
  • Address – Have Permanent UK Address
  • Income – Have Regular Income
  • Bank Account – Have An Active Bank Account
  • Bankruptcy – Not be Bankrupt for the past 1 year

Why Borrowers are Interested in Applying for a Debt Consolidation Loan With Us?

Required Documents

  • Identity Proof
  • Residency Proof
  • Current Residential Information
  • Permanent Residential Information
  • Regular Income Proof
  • Active Bank Account Details

Multiple debts with higher interest rates can be very frustrating. For instance, missing payment schedule, higher interest rates and so many. This debt consolidation loan will help you to clear all your loans and later can easily repay this low interest rate loan.

APR Disclosure

Representative Example : £1000 loan amount taken for 15-months tenure at APR of 35.99% will have a final repayment amount of £1,256.55 with a payable interest amount of £256.55, and a monthly installment of £83.77. The loan amount can be repaid in installments at a monthly amount of £102.90.

FriskyLoans is an FCA authorized platform that acts to connect the borrowers with the suitable lenders, but is not to be considered as a direct lender. You can use our website for free without any charges to browse and use our services to apply for a suitable loan. We have a wide network of financiers whose options will be paralleled to choose the best possible lender who will provide a suitable loan according to your preferences at the most considerable APR. Our financiers will provide loans for amounts ranging from £100 up to £5000, accompanied with a maximum APR of 35.99%. The final imposed APR will depend on the loan amount, loan tenure, and many other factors.

FAQ's

What Is A Debt Consolidation Loan?

A Debt Consolidation loan is a kind of a short-term loan which is primarily borrowed to overcome immediate financial emergencies. They are typically availed to pay off consolidated debts. They are usually unsecured loans and are available to people irrespective of their credit histories. Since they are available without collateral, the debt consolidation loans come imposed with considerable APR, which depends on many other factors.

Debt Consolidation Loans are one of the most common & convenient short-term unsecured loans that are borrowed during financial emergencies. They are availed to pay off all the impending bills & overdue at once instead of having to juggle in between too many monthly payments. It can be availed as a lump sum amount and, can be repaid slowly as scheduled. The repayment amount and, the APR is fixed. So, the borrower can plan the monthly budget accordingly. The loan amount should be repaid on time or, the lender may take appropriate actions.

At FriskyLoans, our financiers will approve your loan applications for amounts starting from £100, up to a maximum amount of £5000, which will come imposed with 35.99% Representative APR (variable). The final imposed terms will depend on many factors like credit scores, loan amount, loan type, loan tenure, etc. However, it is important to choose an amount which you really need and not borrow in excess.

The financiers at FriskyLoans do not impose many restrictions regarding the usage of the debt consolidation loan funds. However, it is advised that the borrowed amount is used only for genuine purposes and to overcome your immediate financial exigencies. You can use the debt consolidation loan funds for paying consolidated debts, impending bills, other utility bills, for repairs, for medical needs, for making purchases, etc. But it should be repaid on time.

Undoubtedly, you are the only person who can decide that. You could start by exploring well about the debt consolidation loans, their advantages & disadvantages, etc. If you have any queries, you could get in touch with our representatives for resolving your queries. You could consider your requirements, preferences, and limitations, and decide if availing a debt consolidation loan is the right choice for you.