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The perfect secured loan for debt consolidation

Borrow from £10k up to £500k. Apply instantly online, without impacting your credit score

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments.
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Understanding debt consolidation loans

Are you managing multiple debt payments, to different lenders, with varying payment dates and amounts? Keeping track can be daunting, making timely repayments a challenge. Debt consolidation could be the solution for you.

A debt consolidation loan is a loan which you take out to repay your other debts. These could be credit cards, car finance, personal and unsecured loans, or other types of borrowing, which typically charge higher interest rates than secured homeowner loans.

By consolidating your various debts into one secured loan, you can benefit from a lower interest rate and you can spread the repayment of the loan over a term of up to 30 years. You will only need to make one monthly payment to Selina each month, rather than paying off each of your different credit accounts every month, making your finances much simpler and more predictable.

Why apply for a secured loan?
As a homeowner, you may be eligible for a secured loan.

Secured loans typically offer:
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Lower rates than personal loans
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Longer terms - between 5-30 years
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Lower monthly payments

Simplify with a secured debt consolidation loan

At Selina Finance, our second charge mortgages (often known as secured loans or homeowner loans) can merge your existing debts into one manageable, lower monthly repayment, typically at a lower interest rate.

You should make sure that a debt consolidation loan is the right choice, as your property may be at risk if you do not meet your monthly repayments. It may not be beneficial to consolidate all of your debts - for example, you may be better off keeping 0% interest rate credit rather than consolidating it. Our advisors will be able to support you throughout the process, and will ensure that you are getting the right loan and consolidating the right items of credit for your individual needs.

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One lower monthly payment
No more juggling of multiple repayments at high interest rates. Consolidate it into a single, affordable monthly instalment without having to worry about multiple payments coming out on different days.

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Exclusively for homeowners
You need to own your home and have a mortgage still outstanding to be eligible. Homeowner loans are secured on your property, which potentially allow you to unlock a larger loan at a lower rate and over a longer term.

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Simple, fast process
We have a straightforward digital process which minimises the amount of effort, and allows you to get your money as quickly as possible. You could get your money up to 66% faster by choosing us over a similar lender.

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Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.

Here’s how we helped Mr and Mrs Johnson consolidate their debts and upgrade their kitchen

With total debts of £60,667 spread over six separate monthly payments, the Johnsons took a Selina homeowner loan of £83,250 over a 26 year term. They were able to reduce their monthly payment significantly, from £1353 to £738.

This lower monthly payment included the £20,784 of additional borrowing they needed for their kitchen renovation, which meant they did not need to borrow separately from another lender.

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Before Selina Loan
Debt outstanding
No. of payments
Monthly repayment
After Selina Loan
Loan amount
No. of payments
Monthly repayment
This included the £20,784 of additional borrowing they needed for their kitchen renovation

Why consolidate your debts?

Simplify your finances
Simplify your monthly credit repayments into one seamless, consolidated payment for ease and clarity.
Certainty with fixed payments
If you'd rather have predictable and consistent payments each month for the first years, you can choose from one of our fixed-rate products.
Lower costs, longer terms
Secured loans offer potentially lower interest rates alongside being able to spread the payments over a longer period of time.
Extra spending money
Leverage larger loan amounts to pay off debts and upgrade your lifestyle – improve your home, pay school fees, go on holiday, or even buy a new car.
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Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.

How to apply

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Check your eligibility in 2 minutes
Apply online and if you are eligible, you will get an indicative quote using a soft search which doesn’t leave a footprint, or affect your credit score. That way, you can decide if our debt consolidation loan is right for you before continuing with your application.
Easy application
If you’re eligible and wish to continue, you’ll be able to fill out a few more details online. Then you’ll speak with one of our friendly, qualified advisors who can guide you through the process and make sure that you’ve got the right loan for your needs. You will have our expert team on-hand to answer any questions and help in explaining any details of your mortgage.
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Get your funds quickly
Selina will get the funds into your account up to 66% faster than similar lenders - you could get your money in as little as 48 hours.
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Save up to £1995 on fees (or up to 40%) by coming direct to us compared with typical brokerage fees
When you apply direct with Selina, you won’t have to pay a broker fee, which often cost up to 10% of the loan amount. We instead charge an arrangement fee, which is typically lower than the fees charged for broker fees.
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Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.