Step 1:

  • Borrow from £2,000 to £250,000 over 1 to 10 years.
  • Rates from 6.4% to 299% APR.
  • Fast Application Process
  • Decision in minutes.
  • Friendly staff dedicated to helping you.


Typical APRC Example: Assumed borrowing of £11,000 over 72 months, plus a broker fee of £1,350 and lender fee of £395 would result in monthly repayments of £255.17. The applicable APRC is 20.7%, it comprises of an initial fixed rate for 60 months at 12.9% and then the applicable standard variable rate, currently 12.9% for the remaining 12 months. Total charge for credit would be £5,627.24. Redemption administration charge of £195 applicable when you repay the loan in full. The total amount payable would be £18,567.25.

A broker fee of up to 12.5% of the loan amount borrowed to a maximum of £4,750 may be payable on completion. Lender fees may also apply.

Secured Loans from Opal

A secured loan uses the collateral equity of your home to help give you access to better rates and will usually mean you can borrow a larger amount than if you considered an unsecured loan option.

Opal loans is a little different. Even if you have a bad credit history, we may be able to help you with a loan at an excellent rate depending on your individual circumstances through our wide panel of lenders.

This ability to help find the finance to those who would otherwise be turned down doesn’t mean we’re slow, either. We are able to provide updates and answers within minutes.

This is all thanks to Opal being a broker of loans, not a lender. By establishing a network of connections with lenders across the country, we receive commission for every loan that is secured through our service. What does this mean for you? We can help secure you finance where you would otherwise be unable to.

Is Debt Consolidation Really Beneficial?

Debt consolidation is a subject talked about often on TV advertisements and by companies involved in the loan industry. It’s an option of managing your finance that can have advantages, but isn’t as clear-cut as is made to be the case in many sales heavy advertisements you may see.

The summary of debt consolidation is that you will take out a single loan that covers the full sum of your various current debts. You then use this finance to pay off all your loans, moving your payments from a hard to manage range of obligations into a single source that is then paid each period as agreed with your lender.

Debt consolidation, therefore, is about time saving. Particularly for those who have a range of credit obligations at once and find them hard to manage, the ability to consolidate this down to a single obligation is beneficial. It does, however, need responsibility to work effectively.

First and foremost, the temptation to avoid spending the new loan on other items before cancelling your various debts must be resisted. There is also administrative work involved in going through your debts and clearing them.

When executed properly, debt consolidation will save you hassle and stress. You may also save money by securing a more favourable repayment interest rate with your new lender, although this is not guaranteed. Those seeking debt consolidation strictly to reduce monthly payments are advised to research the subject, but not to expect a significant reduction as guaranteed.

If, however, you are struggling to juggle and maintain a wide range of credit obligations, consolidation may simply reduce the stress each month of managing these different items. That, in a fast-moving world, holds significant value in helping you stay happy and healthy.

  • Be 25 years or older.
  • Earn a gross annual income greater than £15 000.
  • Have no missed payments in the last 12 months on your mortgage.
  • Not be bankrupt; currently under an IVA or on a Debt Management Arrangement.
  • Not have any CCJ's in the last 12 months.
  • Be Employed
  • Be a Homeowner