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.

Apply Now

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
Total Existing Debt
Current Monthly Repayment
I'd like to clear my debt in
Months

Here’s what our members say

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!
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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!
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Ministry of Defence
Mo
James
I was struggling really badly with managing my debts. I was meeting all my monthly repayments but I was getting confused with four Direct Debits all coming out at different times of the month and sometimes I didn't dare spend anything on my card. One of my mates from the barracks told me they had a car loan with First Defence [Finance] so I decided to open an account. I applied to join online then a few days later I applied for the loan. My loan was approved and all four of my creditors were paid within 3 days. I feel so relieved and now I have ONE monthly payment which comes right from my wages. My bank account is so much easier to manage now!
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HM Forces, Army, Infantry
James
Ian
I was able to afford a car that I would never normally get. The money for repayments is handled through my payslip so no stress.
Personal Loan
Ian
Sam
A personal loan enabled me and my wife to afford IVF services and that has been successful and are now 23 weeks pregnant. Thank you!
Personal Loan
Sam
William
I needed to consolidate some debt. With the help of First Defence Finance, I pulled it all together which allowed me to go debt free within 6 months on a single monthly payment. I then was able to buy a new family car as I had additional income available.
Debt Consolidation
William
Samantha
The instant up to £500 Flexi Credit loan helped me to consolidate and pay off debt quickly without concerns of large interest amounts!
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Flexi Credit
Samantha
Lee
A huge weight has been lifted knowing that not only was my debt was being repaid quicker, but it was from source, a large amount of the uncertainty had been taken care of. The ability to save alongside separately for those annual bills added to the sense of security helping me to work my finances out properly now and for the future.
Debt Consolidation
Lee
Thomas
I was stuck with multiple loans, which I was paying high interest rates for. I was able to consolidate all my loans and credit cards and pay them off with the help of First Defence Finance which saved me thousands of pounds in interest repayments.
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Debt Consolidation
Thomas
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

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.
Apply Now