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Representative example: Assumed borrowing of £7,500 over 36 months at a fixed rate of 2.9% per annum would result in a representative rate of 2.9% APR, monthly repayments of £217.65 and a total amount repayable of £7,835.40.
Representative example: Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.0% per annum would result in a representative rate of 3.0% APR, monthly repayments of £217.97 and a total amount repayable of £7,846.92.
Getting declined for a loan will show up on your application and could affect your score, so do check the details of the loan and if your circumstances generally fit the eligibility criteria.
Meeting the minimum eligibility criteria is no guarantee of approval for a debt consolidation loans, but there certainly isn't any point applying if you don't meet all of the minimum criteria.
Read more about Debt consolidation loans in our u Switch loan guides.
Our comparison shows how much each loan should cost you, but the amount could be different if the way you repay it varies from the above assumptions.
The amount could also be different if the lender offers you a different interest rate to the APR.