Distinct Finance
Channel Island Lending Specialists
Consolidation Loan
Consolidating expensive debt in to one affordable monthly repayment could reduce your outgoings by £100s each month.
Recently, our customer saved £400 per month by consolidating their credit card debt...
How A Consolidation Loan Works
A consolidation loan can be an excellent way to combine all your existing monthly credit payments into ONE lower monthly loan repayment — potentially saving you £100s compared to what you’re paying now.
The types of debt that often comes with higher interest rates include:
Credit Cards & Store Cards
Overdrafts
Car Loans & Personal Loans
Other Bills
In addition to consolidating existing debts, a consolidation loan can also provide funds for other purposes, such as home improvements or a mix of uses.
Have a question or prefer to request a quote by phone?
Contact us on 01534 854 389
(Lines open 9am–5pm, Monday to Friday)
Representative example
£5,000.00 over 48 months at 6.25% per annum (fixed), representative APR 12.40%.
Total amount payable £6,374.88 of which £1,374.88 is interest. This includes an administration fee of £100.
The interest rate offered and documentation fee charged on assessment may differ and the representative rate in this example may not be the rate that you receive. The rate you are offered will depend on several factors including the amount you wish to borrow, your chosen term, your personal circumstances and your credit rating.
The maximum APR you could be offered is 29.9%.
Distinct Finance Limited's minimum loan amount is £1,000 and the maximum loan amount is £50,000 for unsecured loans ( this is higher if security is available).
The minimum repayment term for Personal Loans is 12 months and the maximum repayment term for unsecured lending is 60 months.
The maximum repayment term for secured lending is 84 months.