Consolidation Loan

Your First Defence against debt

If you have multiple loans, credit cards and overdrafts, we can help you save on your monthly repayments with our Debt Consolidation loan.

We repay the lenders you’ve borrowed from directly

You can borrow up to £25,000, from as little as 7.9% APR, to quickly pay off your existing debts and lower your interest rate into one easy monthly payment.

Our Consolidation loans are very simple and payments are debited straight from your wages, check how much you could save today by using our calculator.

Did you know?

It would take you 21 years and 7 months to repay a balance of £1,500 on a credit card with a typical interest rate of 17.9% if you were only to make the minimum payment every month?

The faster you repay the balance, the less interest you will pay.

Debt Consolidation Calculator

Type of debt
Balance Outstanding
Monthly Repayment
Debt
Type of debt
Balance Outstanding
Monthly Repayment
Total Existing Debt
£0.00
Current Monthly Repayment
£0.00
I'd like to clear my debt in
Months

Here’s what our members say

Jimmy
I needed to get a loan as my car had broken down at Christmas time. I had been rejected by other companies but First Defence Finance assisted me and made Christmas a lot easier.
Personal Loan
Jimmy
Luke
I got accepted for my debt consolidation loan yesterday and you have paid off the debts which is fantastic! Thank you so much! It’s like a breath of fresh air!
Testimonial Image
Army Officer
Luke
Mo
I set up a savings account with First Defence Finance about two months ago. I wanted an easy way to save and this comes straight from my pay so it's perfect. By Summer 2022 I will be able to pay for me and my wife to travel to India to see friends and I cannot wait!
Testimonial Image
Ministry of Defence
Mo

What if I have poor credit rating?

There are always going to be circumstances where we can not help, but our experience tells us that most of us do not have as bad credit as we may think. It is always worth asking to see if we can help, but it is good to know some of the reasons when we might not be able to assist:

- If you have any active CCJs.
- If you have more than one missed payments or default on your account.
- If you are bankrupt or currently in an active IVA.
- If you are in a debt management plan.

First Defence Finance will do their utmost to help where we can, but we do have to ensure we lend our members money responsibly meaning there may be occasions we are unable to lend.

*Terms and Conditions apply.

Available via payroll deduction only.

Proof of debt required.

Any debt will be paid directly to the third party by First Defence Finance.

The rate we will offer you is based on your loan requirements and individual circumstances.

Become a member and start saving today!

We put this in practice by providing you with fair rates of borrowing, flexible savings accounts to kickstart that habit and financial education as a means of giving you the tools to manage your finances more effectively.