Representative Example: £15,000 over 72 months, 30.9% APR fixed. Monthly payment £424.83. Annual interest rate 26.35% fixed. Interest payable £15,288.76. Total repayable £30,587.76, which includes a £299 lender fee.

Debt Consolidation Loan Criteria

Like all lenders, Norwich Trust has some initial criteria applicants must meet before they can apply:

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  • Age

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

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  • Location

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

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  • 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.

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  • Homeownership

    Be the homeowner of a residential property in the UK.

 

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.

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.

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 homeowner loans of between £3000 and £25,000, the amount you can borrow will dpeend on your financial circumstances. 

 

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

 

 

We offer loan terms from 3 to 10 years depending on the amount you borrow.

 

 

It may be possible to get a personal loan with a less-than-perfect credit history. Norwich Trust specialises in helping UK borrowers who may have experienced credit challenges in the past.

 

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.

 

Apply
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