Debt consolidation loans: Simplify your finances
Take Control of Your Debt with One Simple Loan
The smarter way to consolidate and manage your debt—we handle everything for you.
✔ One affordable monthly payment
✔ Automated debt payoff—we pay your creditors directly
✔ No hidden fees
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Representative example
Borrowing £2,000 over 24 months at Representative 19.9% APR and interest rate 19.9% p.a (fixed) with monthly repayments of £100.16 and a total amount payable of £2,403.84. This example is for illustration purposes only. The rate and term you are offered is dependent on your individual circumstance. Rates from 19.9% APR to maximum 34.9% APR. Loan terms for 12 – 60 months.
When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
Benefits of a debt consolidation loan
Handling multiple debt repayments can be overwhelming. Our fully automated debt consolidation loan removes the stress by managing creditor payments for you.
- We do the hard work – creditors paid off automatically
- Lower monthly payments – potentially reduce interest charges
- A clear path towards becoming debt free
- No hidden fees
Benefits of a debt consolidation loan
Handling multiple debt repayments can be overwhelming. Our fully automated debt consolidation loan removes the stress by managing creditor payments for you.
- We do the hard work – creditors paid off automatically
- Lower monthly payments – potentially reduce interest charges
- A clear path towards becoming debt free
- No hidden fees
Things to consider before taking out a debt consolidation loan
- Check your existing credit commitments. Identify which ones make sense to combine into a new loan.
- Look at the individual interest rates on all your debts. If they are higher than what you are offered on a new loan, consolidating your debts may make sense.
- When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
How It Works?
Check Your Eligibility
Apply online in minutes with no impact on your credit score.
We Pay off Your Debts
If approved, you choose the debts to repay and we'll automatically pay them off for you.
You Make One Monthly Payment
Enjoy the convenience of one payment date each month, making budgeting easy.
Frequently asked questions
No we don't. What you see is what you get with an Oakbrook Loans, there’s nothing hidden – ever!
Yes you can. Overpay as much as you want to as many times as you like with no penalties and reduce the overall cost of your Oakbrook Loan.
Any additional payments to your loan will be applied to your account straight away and reduce the balance. This will reduce your overall interest, but your monthly repayment amount will remain the same. To make an extra payment or partial settlement please login to your account.
You can change your regular payment date in your online account. This will slightly change the interest that you are charged in the month the payment is moved. If your new repayment date is earlier than your scheduled repayment date, then the interest will reduce. If the new repayment date is later then it will increase.
Ready for your personalised quote?
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