These might be the best option if you want to reduce your monthly costs. The downside, of course, is that it will take you much longer to settle the debt, and over that time you may pay more in interest. Looking at a £10,000 loan for ten years, the price comparison site gocompare.com suggests these:
- Tesco Bank with a representative APR of 5.3%, but it comes with an early repayment charge.
- Masthaven offers 5.7%, but you are not allowed to use this service for debt consolidation.
- Precise Mortgages offer 5.7% as a homeowner loan and requires a maximum loan to value of 65%.