Consolidate your debt with a loan

Bring your existing borrowing together with a RateSetter personal loan.




A loan that keeps you in control


A debt consolidation loan from RateSetter brings together your existing debts such as loans, credit cards, store cards or overdrafts into one affordable monthly payment.

  • A regular monthly payment fixed for your loan term.

  • Potentially save you money on interest every month.

  • Manage your borrowing in one place.

Get a quote

Get a personalised rate with no impact to your credit score.

Why consolidate your debt with RateSetter?


We’re an award winning personal loan provider:

  • Borrow up to £35,000 between 1 and 5 years.

  • Representative 4.9% APR.

  • If approved, you'll get the money the next working day.

  • Make extra payments or settle your loan early with no hidden fees.

  • Manage your loan online, 24 hours a day.

Get a quote




Representative example: 4.9% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 5 years at an interest rate of 2.3% p.a. (fixed). Monthly repayment £187.94. Total amount payable £11,276.40, which includes a fee of £638. 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.

What is a debt consolidation

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.

Applying for a debt consolidation loan with RateSetter

6de74253-a3e2-4bce-be5c-a52d787a4e56.png  Personalised quote

Complete a quote, telling us the balances you want to consolidate.

01236732-b541-4655-9b82-114849070bca.png  Application

We'll give you a personalised rate with no obligation to apply.

5ed3046a-61af-48e0-a1dd-9b9a5402b512.png  Decision

We will give you a response immediately or by the end of the next working day.

ca9b5447-c56d-4e57-89d2-e35dba4aa60a.png  Money

If approved, the money will be in your account the next working day.

Get a quote

Already have a loan with

You could be eligible to take out an additional loan with RateSetter, or take out a new loan and consolidate your existing loan. Sign in and get a quote to check whether you're eligible.

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Frequently asked questions

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


Got a question?
We're here to help

Call us on 020 3142 6226, or email us at [email protected].

Before borrowing any money, it’s important to make sure you choose the right product for your needs. Please consider whether you can afford to make the repayments now or in the future.

If you’re worried about debt, you might find it useful to visit The Money Advice Service, which has further information about debt management and offers free debt advice.