If you get a secured loan from Jubilee, the interest rate is fixed at 7% to 9%.
Here is the simple debt consolidation loan calculator:
For every £1000 you borrow, the interest on the loan is approximately £6.70 a month.
Example:
If you borrow £21,000, the interest you pay the lender is approximately £140 a month.
The additional money you pay each month to reduce the principal on the £21,000 loan varies with the loan term.
If you have substantial credit card debts, you can save a lot of money each month and service your debt in a sensible and sustainable way, with the convenience of one monthly payment instead of different payments at different times of the month.
Please complete the form below to get a decision in principle for a secured loan.
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Debt Consolidation Loan Calculator for Homeowners
A debt consolidation loan calculator is useful when you want a quick sense of the monthly interest before making an application. The figures on this page keep the calculation simple, so you can see what a secured homeowner loan may cost before looking at the full term and repayment amount.
The simple rule is easy to remember. Around £6.70 a month of interest for every £1,000 borrowed means a £10,000 balance would cost about £67 a month in interest before any capital repayment is added. If you are looking at a larger amount, our page on a repay £10,000 of unsecured debts scenario shows how a smaller consolidation loan may work.
For July 2026, the page is still built around homeowner debt consolidation, high loan-to-value options, no broker fees, no lender fees, a free home valuation, and a straightforward online application. Where an application fits the lender’s strongest criteria, pricing can be discussed around two percentage points above the current Bank of England Bank Rate, with capped-rate examples also shown below.
Features of the Jubilee homeowner loan include a free home valuation, a decision in principle with an unrecorded soft credit search, fixed and capped rate choices, no early repayment charges, up to 90% loan-to-value, a 3 to 25-year loan term, and completions that can often be arranged in as little as 10 working days.
How the calculator helps before you apply
Many borrowers use a calculator because they want one monthly payment to replace several credit card, loan, and finance payments. It is also a quick way to compare the interest on the new loan with the interest already being charged on credit cards, store cards, car finance, and older personal loans.
If you are considering a larger balance, a £25,000 loan to pay creditors can be compared with your existing monthly payments, so you can see whether the new arrangement feels more manageable. For very large balances, the same approach can be used when comparing a £50,000 loan to pay creditors.
A homeowner loan may also help when credit history is imperfect. You can read more about applying for debt consolidation with poor credit, especially if you want a soft-search decision before moving further.
July 2026 rate examples
| Loan Type | Interest Rate |
|---|---|
| Debt Consolidation Loan | 7.12% |
| Bad Credit Secured Loan | 7.47% |
| Poor Credit Homeowner Loan | 7.28% |
| Direct Lender Best Rate | 7.33% |
The rate you look at first is only part of the calculation. The term matters as well, because a longer term can reduce the monthly repayment, while a shorter term can reduce the amount of interest paid over time. A page about what rate to expect on debt consolidation gives more detail on how secured and unsecured borrowing can differ.
For some people, the useful comparison is not just rate against rate. It is the difference between several separate repayments and one monthly payment. That is where the benefits of debt consolidation loans can become clearer.
Using the figures with real debts
Start by listing each balance and its payment. Credit cards, store cards, personal loans, and high-rate car finance often sit on different payment dates, which can make budgeting awkward. A calculator helps you put those figures beside one possible secured loan payment.
Credit card balances are often the easiest place to start. If the main pressure is card borrowing, the page on borrowing against your home to repay cards explains the idea in a more focused way.
Some borrowers are comparing a secured loan with a remortgage. A using a remortgage to repay credit cards option may suit one household, while a second-charge loan may suit another, especially where the existing mortgage rate is worth keeping.
It is also worth understanding the security behind the borrowing. Our guide to understanding second charge loans explains why property equity can affect the amount, rate, and term available.
When the calculator points towards a secured loan
The calculator is most useful when you already know the balances you want to clear. It gives you a starting point before a decision in principle. If you want to see how fast the process can move, the page on the secured loan approval process sets out the usual timing in plain language.
Borrowers who prefer a quick online route can compare the calculator figures with a capped rate secured loan broker page. That route is built around a simple application, no unnecessary calls, and an early view of the likely borrowing position.
Where credit history is the concern, a secured loan with a capped rate may still be worth reviewing. For a faster indication, the online secured loan decision page explains how an initial answer can help you decide what to do next.
Some homeowners want to avoid involving another person. In that case, bad credit debt consolidation without a guarantor may be a useful next page to read after using the calculator.
Different property and borrowing situations
The calculator can also help landlords. If the borrowing is connected with a rental property, second charge borrowing on a rental is a different conversation from borrowing against your main home.
If you want lender contact without a broker charge, a direct lender homeowner loan page may be more useful than general loan comparison content. It can sit alongside the calculator when you are trying to work out the likely payment and the application route.
For a broader explanation, the bad credit debt consolidation loans guide covers the main idea behind replacing several payments with one loan. If you are deciding whether consolidation could shorten the overall repayment path, the page on a faster route to repaying debts is also relevant.
Some applicants prefer to read questions first. The homeowner debt consolidation questions page covers common points, while the page on a loan to consolidate debts with bad credit explains why a homeowner route may avoid the need for a co-signer.
Jubilee Loan Services Customer Reviews
Secured Loan for Debt Consolidation
Molly Morley from Wakefield: “I took out a secured loan for debt consolidation from Jubilee, and it changed the way I managed my monthly payments. Several debts became one payment, the rate was lower than I had been paying, and the process felt clear from start to finish.”
Homeowner Loan to Pay Off Debts
Ivy O’Connor from Birmingham: “Jubilee’s homeowner loan helped me clear credit cards and a personal loan. The calculator made the numbers easier to understand, and the application was straightforward.”
Consolidation with a Bad Credit Secured Loan
Ella Randall from St Albans: “I had high-rate card and car finance balances, and the secured loan gave me one payment that was easier to keep track of. The soft-search decision helped me understand the likely position before going further.”
