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Representative Example: £15,000 over 72 months, 27.9% APR fixed. Monthly payment £402.79. Annual interest rate 24.00% fixed. Interest payable £13,701.88. Total repayable £29,000.88, which includes a £299 lender fee.

Apply

Complete the online application and provide digital bank statements via Experian’s Affordability Passport.

Review

Our underwriters will review your application, usually within a working day.

Complete

If your application is approved, funds will be released within a working day.

 

Debt Consolidation Loan Criteria

  • Green tick

  • Age

    Aged 21 - 70 (under 71 at the end of the loan term)

  • Green tick

  • Location

    You must have been a UK resident for at least the last two years.

  • Green tick

  • Employment

    You’ll need to have monthly income after tax of at least £1,300 or £1,800 if you’re under 30 years of age to be eligible.

  • Green tick

  • Homeownership

    Be the homeowner of a residential property in the UK.

 Is this loan right for me? - A Norwich Trust loan may be suitable if you are a UK homeowner looking for an unsecured fixed-rate loan and can afford the monthly repayments for the full term. It may not be suitable if you are struggling with essential bills, already missing repayments, or if extending borrowing would increase the total cost of credit in a way that is not affordable to you. If you have experienced recent defaults, missed payments or CCJs, eligibility will depend on your individual circumstances and affordability assessment.

 

Who are Norwich Trust?

We are a trusted UK direct lender based in Norwich, Norfolk, who provide unsecured homeowner loans. We help homeowners across the UK access affordable finance without securing the loan against their property. Norwich Trust was incorporated in 2020 and we began lending under the Norwich Trust brand in 2024. As part of the Norfolk Capital Group, we benefit from more than 30 years of experience supporting people who may have been declined by high street lenders or have less-than-perfect credit. We are proud to have an Excellent Trustpilot rating, reflecting our commitment to outstanding customer service and positive customer experiences.

Whether you're looking to consolidate existing debts into one manageable monthly payment, fund a home improvement project, cover unexpected expenses, or achieve other financial goals, our experienced team is committed to finding a solution that works for your circumstances and we aim to get a decision to you within a working day. At Norwich Trust, we believe borrowing should be straightforward, transparent, and focused on achieving positive customer outcomes. We take the time to understand your individual needs, providing clear guidance throughout the application process, ensuring every loan is both responsible and affordable.

Our mission is to make unsecured homeowner loans accessible to those who need them most, helping customers across the UK move forward with confidence, even when traditional lenders have said no.

Trustpilot

Frequently asked questions about Debt Consolidation loans

A debt consolidation loan can be used to combine multiple existing debts into one single monthly repayment.
Many UK borrowers use debt consolidation loans to pay off:
• Credit cards 
• Personal loans 
• Store cards 
• Overdrafts 
• Other unsecured debts 
This can help simplify repayments and make budgeting easier.

 

Norwich Trust offers debt consolidation loans from £3,000 to £25,000, subject to affordability and eligibility requirements.

The amount you may be able to borrow will depend on your individual circumstances, including your income, existing financial commitments and overall affordability.

 

Yes. You can apply online through Norwich Trust Limited using a quick and simple digital application process.

 

 

Norwich Trust offers loan repayment terms ranging from 3 to 10 years, depending on the amount you borrow and your individual circumstances.

A longer repayment term can help reduce your monthly repayments by spreading the cost of borrowing over a longer period. However, borrowing over a longer term may increase the total amount repayable as interest is charged for longer.

All applications are subject to affordability and eligibility requirements.

 

 

It may be possible to get a debt consolidation loan with bad credit, depending on your individual circumstances and affordability. Norwich Trust specialises in helping UK homeowners who may have experienced credit challenges in the past.

Having a poor credit history does not automatically mean your application will be declined. We may be able to consider applications from homeowners with a history of:

  • Missed payments
  • Defaults
  • County Court Judgments (CCJs)
  • Other adverse credit issues

All applications are assessed individually and are subject to eligibility, affordability and responsible lending checks.

 

We do a soft credit search when we check your eligibility which won't affect your credit score and won't appear if other firms do a credit search. If your loan is approved, the search will become a "hard search", at which point it will appear on your credit file and may affect your credit score.

 

Content maintained by: Abbey Nichols-Henderson | Last reviewed: 13/10/2026

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