Debt consolidation loans
Bring your existing borrowing together with a RateSetter
personal loan and keep control of your finances.
Loans are subject to status and affordability. Terms apply.
Bring your existing borrowing together with a RateSetter
personal loan and keep control of your finances.
Loans are subject to status and affordability. Terms apply.
A debt consolidation loan from RateSetter allows you to bring together your existing borrowing such as loans, credit cards, store cards or overdrafts into one monthly payment.
Get a personalised rate with no impact to your credit score.
Representative example: 8.9% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 5 years at an interest rate of 8.3% p.a. (fixed). Monthly repayment £205.62. Total amount payable £12,337.20, which includes a fee of £75. The majority of our customers receive the advertised APR or lower. The maximum APR you could be offered is 29.9%.
Loans are subject to status and affordability, the rate and fee you pay will depend on your credit profile.
The loan fee allows us to cover our costs. The loan fee is non-refundable if you settle your agreement early. The only time this is not chargeable is if you withdraw from your credit agreement within 14 days.
A debt consolidation loan brings your existing borrowing together into one simple monthly payment.
It can either be secured or unsecured. A secured debt consolidation loan is secured against your home, whereas an unsecured loan is not secured against your personal assets.
A RateSetter debt consolidation loan is the same as our regular unsecured personal loan.
Before borrowing any money, it’s important you choose the right product for your needs. Please think carefully about whether you can afford to make the repayments now and in the future. If you’re worried about debt, MoneyHelper has further information about debt management and offers free advice.
Applying for a debt consolidation loan is simple
Personalised quote
Application
Complete a quote, telling us the amount you want to borrow
We will give you a personalised rate with no obligation to apply
Decision
Money
You will get a response immediately, or usually by the end of the next working day
If approved, the money will be in your account the next working day
If you already have a loan with RateSetter you could be eligible to borrow more money. Your total borrowing must not exceed £35,000. There are two ways you can borrow additional money from RateSetter:
Getting a quote is easy! Sign in to your account and the application form will be pre-populated for you.
You can reach us by:
*You may be charged for your call, depending on whether you use a landline or mobile, and the tariff charged by your provider.
Consolidating your debts can have several benefits, including making it easier to manage your finances. Find out more about the benefits of consolidating your finances.
In principle both of these products can be used for debt consolidation. Debt consolidation is a common use for a personal loan but not all personal loan providers allow you to use their loans to consolidate debt.
Typically you can consolidate the following forms of debt:
Personal loans
Credit cards
Store cards
Overdrafts