24 months.
Representative example: If you borrow £3,000 over 24 months at a flat rate of 30.72% per annum (fixed) with a representative 64.8% APR you will make 24 monthly payments of £201.80, repaying £4,843.20 in total.
A consolidation loan is a loan that is taken out to repay all existing loans. But does it make sense to take out a consolidation loan?
On the one hand, it can seem illogical to take on more debt to get out of debt. But the idea behind taking out a consolidation loan is to repay that debt more quickly.
Consolidation loans enable you to repay everything else you owe, and end up with just one loan repayment per month. And as the interest rate is likely to be cheaper than some existing debts – such as credit cards – the debt will be less expensive to repay.
So overall, a unsecured debt consolidation loan could be a good way to make a fresh start financially.
Safe & Secure
No Hidden Fees
Free Eligibility Checker
Direct UK Lender
No Early Settlement Penalty
Funds In Your Account Same Day
Flexible Early Repayment Option
At Munzee our focus is on you, the customer, and our products are all designed to help you move forward financially. We also aim to keep everything simple and straightforward, to make sorting out your finances as stress-free as possible.
When you apply for consolidation loans with us first we check your eligibility, without impacting your credit score. If eligible you can then complete your application form.
As a direct lender you only deal with us. This means that we can give you an instant lending decision and, if accepted, your money will be with you the same day*.
Representative example: If you borrow £3,000 over 24 months at a flat rate of 30.72% per annum
(fixed) with a representative 64.8% APR you will make 24 monthly payments of £201.80,
repaying £4,843.20 in total.
To qualify for one of our loans you need to be:
Everyone’s circumstances are different, so it’s fine with us if you prefer to pay us weekly, fortnightly or monthly.
As part of Loans 2 Go, Munzee is fully regulated by the Financial Conduct Authority. You can read more about how we store, protect and use your personal data in our Privacy Policy.
The duration of a Munzee loan is 24 months. But you are welcome to pay off your loan as early as you like.
No. There are no set up fees or hidden costs. You are also welcome to repay your loan early. Just get in touch with us and we will confirm how much there is left to pay. There is no penalty for settling your loan early, and you will pay no further interest once your balance is paid off.
The most frequent feedback from our customers is how quick and straightforward it is to apply for a loan with us. Many also add that our staff are friendly and polite. Reviews like this make us proud because our main priority is to give every single one of our customers the best service that we possibly can. Munzee Loans is all about you, the customer, and we’re only happy when you’re happy.