Get all your debts in a row

Merge multiple monthly payments into one consolidated loan from first direct


Representative 6.4% APR for loans between £10,000 and £30,000

6.4% APR representative

For loans between £10,000 and £30,000.

Get your money instantly

If approved, the money will be in your account right away.

Apply in minutes

Get a quick decision right from our Mobile App, with no long forms to fill out.

How does it work?

If you have multiple debts with different providers or products, debt consolidation could merge your loans, credit cards and overdrafts into one manageable loan.

It can be tricky keeping track of all your outgoings, when payments are due, and the varying interest rates for each. But with a debt consolidation loan, you’ll have just the one recurring payment and a single interest rate.

Things to consider

While debt consolidation may make it easier to manage your money, it’s important to check and consider the total amount you’ll end up repaying.

Every loan is different. The amount you borrow, the term length, and the interest rate, will all determine how much you end up paying back. Early repayment charges may be incurred from existing lenders and you might end up paying more overall, even if the new loan has a lower interest rate. 

Calculate your repayments

Enter an amount between £{{min}} and £{{max}}

Representative example

Borrowing Amount
Monthly term
Monthly repayments
3.3% p.a
Interest rate (fixed)
3.3 APR
Total repayments

Benefits of our debt consolidation loan

  • Borrow from £1,000 to £50,000

  • Repayable over 1 to 8 years

  • Fixed monthly payments
  • Flexibility to overpay and reduce overall interest

Who can apply?

We only have a few requirements at first direct, so you'll hopefully be able to apply with us. All we ask is that:

  • you’re 18 or over
  • you're a UK resident and live permanently in the UK
  • you have an annual income/pension before tax of £10,000 or more
  • you have a first direct current account
  • you haven’t been declared bankrupt or registered for an Individual Voluntary Agreement in the last 6 years (or in the process of doing so)

Personal loans are subject to status. The rate you'll receive depends on your individual circumstances, credit checks and an assessment of your financial situation. The maximum APR you could be offered is 18.9% APR.

Before you apply

Here's some essential reading on our personal loans. They might not be the most exciting, but they're definitely important. 

How much will my loan cost

Loan information

Important notes about first direct

Interest Rates and Charges (PDF)

Privacy Notice (PDF)

Standards of Lending Practice (PDF)


Apply for a loan using the first direct App

Already have our app? 

  1. Once logged in, tap the 'More' icon at the bottom right corner of your screen
  2. Next, select 'Products', then 'Personal Loan'

Don't have our app yet? 

Here's a summary of why we think you should and how to get started

Other ways to apply

Other useful info

Would a credit card work for you?

If you have a balance to transfer or purchases to make, we could have a credit card to suit you.

Credit cards for balance transfers and purchases

Loans guides

Deciding how to borrow money comes down to what suits you best. Here are some guides you can use to help you make up your mind:

Loan or car finance - what's best for me?

Loans for home improvements

LSB Standards of Lending Practice

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