Personal Banking · Service 03
Make the options and trade-offs of combining eligible obligations easier to understand.
Who this may suit · Individuals
Borrowers exploring whether existing obligations could be combined or refinanced.
Key considerations
General points to consider. Actual features and terms are set by each provider.
Current obligations
List each balance, instalment and remaining term before comparing options.
Settlement costs
Settling existing facilities early can involve fees from current providers.
Total cost, not just monthly
A lower monthly payment may mean paying more over the full term.
How we may assist
- 1
Enquire
Share what you're looking for with debt consolidation. No documents are needed at this stage. - 2
Clarify
We explain the typical information involved and answer your questions. - 3
Support
Where an authorised arrangement exists, we assist with the application to the provider. - 4
Decision
The provider alone decides on approval, pricing and terms.
Preparation
- Statements for each existing obligation
- Liability or settlement letters
- Salary certificate
- Recent bank statements
This is general guidance. The exact list depends on the provider and product. Please don't send documents through this website.
Questions
Some lenders allow this. Eligibility depends on the provider.
Usually it is a personal-finance facility used for consolidation, offered at the lender's discretion.
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Important to know
Consolidation is usually a purpose or structure of a loan rather than a separate product. Lower monthly payments may increase the total cost of finance. All financing and account applications are subject to the relevant provider's policies and approval.
Related
An enquiry is not a credit approval, quote, contractual commitment or bank application.
Your details are used only to respond to your enquiry, as described in our Privacy Notice. Marketing contact is always a separate, optional choice.