There are a wide variety of loan products on Debt Consolidation that we can choose from. We should verify each option before settling down for one that will help us with our needs. Few are listed below.• Debt consolidation loan on Home equity – The home is collaterally pledged here and the interest rate is quite low. This loan is in the secured category.• Debt Consolidation on Personal loans – This is an unsecured loan and is mostly favorable for individuals who are salaried.• Balance on Credit Card Transfers – This method will help in enabling the transfer of balance outstanding from a credit card of higher interest to the lower interest.