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Debts Consolidation Loans

The Consolidation Loan is a process that one can say, converts a number of loans into a loan that's an ultimate one and a person is often able to reduce his/her liability of paying the higher rate of interests. And also if a person is not a home owner he/she can opt for a Consolidation Loan.

So, Debt consolidation entails borrowing of one loan to pay off the many other existing ones and it's often done to secure a lower & fixed interest rate, or for the convenience of servicing only one loan.

Consolidation Loans Comparison

LENDER/PROVIDER
TYPICAL APR%
Minimum Amount
Maximum Amount
Repayment Period
MoneyBack Bank 7.8% APR. £5,000 £1.00,000 4 - 25 Years
Barclays 9.9% APR. £4,000 £50,000 5 - 25 Years
Lombard Direct 8.9% APR. £5,000 £75,000 3 - 25 Years
Paragon 10.5% APR. £5,000 £10,000 3 - 25 Years
Alliance & Leicester 15.5% APR. £2,000 £80,000 3 - 26 Years

More Debts Consolidation Loan help

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