your debt

Simplify multiple debts into one easy-to-manage repayment.

Won’t impact your credit score!
Won't impact your credit score!

Streamline your debt 

Take control of your finances with our debt consolidation loan.

Borrow from $5,000
up to $50,000

Pay off your
existing debts

Access additional
funds if needed

One simple
monthly repayment

Make life easy with
one low monthly

Forget juggling multiple debts and not knowing when or how much you’re going to be charged next. With debt consolidation, you can simplify your debts into one easy to manage, low monthly repayment.

Estimate your repayments

Find out how much your repayments and interest rate could be with our calculator.

Enter your loan details


Don’t know your score? Check for free

Estimated monthly repayments


Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges


Total repayments


It won’t affect your credit score!

Check our rates and fees

Interest rate (p.a.)


% p.a.

up to


% p.a.

Comparison rates (p.a.)*


% p.a.

up to


% p.a.
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.

How to apply

1Calculate existing debt

Find out how much you need to repay your existing
debt. You can apply for additional funds if needed.

2Check your rate

See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!

3Submit your application

Review your loan offer, hit 'submit application', and
we'll take care of the rest.

4Get your funds

If approved, you can have money in your bank account
in as little as 60 minutes.

Must be Australian citizen, New Zealand citizen or permanent resident

Earn more than $30,000 p.a. from employment

Must at least be 18 years old

Bank-grade security

‘Read only' access to accounts

256-bit data encryption


Easily managed
with your app

Manage your one repayment, view
your balance and even get access to
our other products and special offers.

Download the app

Debt consolidation made easier

It’s time to move your higher-interest debt to a lower debt. Our debt consolidation loan application process is online, fast and hassle-free. As an online lender we want everything streamlined, so you can have the funds you need to pay off your debts sooner. Access up to $50,000 without the boring paperwork, unnecessary calls and several days of waiting. With low rate personal loans just starting at 6.25% p.a., Our debt consolidation loan is here to help you simplify and lower your monthly repayments.

Getting a Debt Consolidation Loan

You must meet the minimum requirements to be eligible to apply for a debt consolidation loan with us. If you are currently employed, 18+ and a citizen or a permanent resident of Australia, then you are qualified for our quick application process. It’s that simple.

Applying for a Debt Consolidation Loan

Apply now and get the best loan for your debt consolidation with us:

  1. Visit our website and click ‘Apply’ to enter your desired loan amount and duration.

  2. Continue by providing us with a few of your personal details, income and bank statements.

  3. Submit your application and wait for a loan decision for a few minutes.

  4. Your money will be transferred to your account in as little as 60 seconds if you’re approved.

Fair and responsible lending

Apart from your income and personal information, we also take into account several factors to ensure a fairer, more personalised loan outcome for your debt consolidation application. This includes your credit history, financial obligations and everyday living expenses. This way, we are able to provide you with a loan offer tailored to your personal circumstances. We know how dragging it can be to pay off multiple debts every single month, and that is why we’re here to help.

Basics of debt consolidation

Debt consolidation means combining all your outstanding debts into a single loan. Instead of managing multiple repayments, you will only have one repayment with possibly lower interest and better terms. When you consolidate your debts, you are minimising your risk of missing payments and incurring extra charges because you are only paying off one loan every month. 

While a few credit enquiries here and there is usually fine, frequently enquiring for a debt consolidation loan or any other loans can suggest to lenders that you may not be as responsible at handling your credit. But through a debt consolidation loan, you may be able to improve your credit score in the long run when you make it a habit to settle your repayments right on schedule each month.

Applying for a consolidation loan

Applying for a OneDebt loan is super easy. Through our website, just click the ‘Apply’ button to start your quick online application. You normally get a loan decision in a matter of minutes, and depending on who you bank with, your debt consolidation funds may hit your account in as little as 60 seconds if ever you’re approved.

You have to be at least 18 years old, a resident or citizen of Australia and currently employed. If you meet all these basic criteria, then you are all set to apply.

To ensure an even faster and smoother online application experience, be sure you are ready with the following:

  • Mobile phone
  • Driver’s licence
  • Valid email address
  • Bank details

Debt consolidation fees and repayments

OneDebt offers low rate debt consolidation loans from $3,100 to $50,000. As a responsible lender we will take into account factors such as your income, debt obligations and living expenses to ensure that we come up with a rate that you can comfortably repay. 

We transfer your funds straight to your bank account once you’re approved. Sometimes it takes just minutes to transfer, but it may also take a little longer depending on who you are banking with.

Yes, OneDebt lets you pay off your loan earlier than your agreed loan term with us without charging you any early repayment fees.

Get better loan terms with a Debt Consolidation Loan

The purpose of debt consolidation is to ease your repayments and get better rates than your existing loans. Our debt consolidation loan’s interest rate starts at 6.25% p.a. (comparison rate from 7.64% p.a.) with flexible repayments. Unlike other lenders who charge early repayment fees if you pay off your loan earlier, Our debt consolidation loan has zero early exit fees so you can complete your repayments sooner without the worry of getting penalised.

And if that’s not enough, we also align your repayments with your current pay cycle so you won’t get caught with late fees.

You may also use our online loan calculator to help you work out the best loan amount for your debt consolidation needs. It’s free and provides you with on-the-spot calculations so you’ll get a clearer picture of how your repayments would look like with your preferred loan amount.

We’ve made debt consolidation fast and secure

Powered by debt consolidation loans’ advanced data technology and machine learning algorithm, we make getting the best loan for debt consolidation easy and fast. Using this proprietary technology we are able to analyse thousands of financial and social touchpoints in real-time, allowing us to provide you with an accurate loan decision in a matter of seconds.

We also ask for your online bank details during your application. We obtain them as a read-only copy of your banking activities for the last 90 days, allowing us to fast-track your application without having you submit tons of paperwork.

If you want to pay off your loans sooner minus the jarring parts, do it with our debt consolidation loan. Easy, with flexible terms and competitive rates.

Best debt consolidation loans

Easy, fast and effortless finance

If you’re looking for the best debt consolidation loans, then it’s worth considering applying for our debt consolidation loan. Apart from this, MoneyMe offers a range of finance options in the form of fixed-rate personal loans up to $50,000 as well as our Freestyle virtual Mastercard, a digital credit card offering the same flexibility as a regular card but that lives on your smart device instead.

Getting a loan for debt relief can be a stressful experience. Choose the online Gen Now money lender specialising in easy, fast and effortless finance. Get a personal debt consolidation loan online today and consolidate your debt into one of our easy, fixed-rate loans. We don’t charge early exit fees if you wish to pay out your loan balance early. Approvals are fast and you could have the cash you’re looking for the same day that you apply for it.

Can debt consolidation save me money?

Absolutely! Consolidating your debt into a single, purpose-made debt consolidation loan is a great way to refinance and save yourself money on interest payments and possibly other finance fees. The purpose of a consolidation loan is to borrow the money you need to pay out all of your existing debt at the same time, essentially halting fees like compounding interest and late payment fees in their tracks. There are lots of reasons why a consolidation loan might work for you and help you save money, however, and they’re not just related to debt relief. 

Refinancing is a great way to check that your moneylender really is giving you the best deal possible on personal loans like car loans and medical loans. All types of finance are offered with lending fees and interest. Interest is offered as a per annum percentage of the total loan value and is calculated monthly. Your repayment amounts each month or fortnight includes the principal amount that you borrowed plus an interest payment. A fixed-rate personal loan means that the interest rate you are offered remains the same for the life of the loan. You know how much your finance will cost you at the time you receive your loan offer, and you know exactly how much your loan repayments will be and when they are direct debited. The interest portion of your repayment is calculated at the time you receive your loan, and your repayments are calculated so that they remain the same throughout the loan term. Paying out your loan balance before the scheduled loan term ends means that you can save on interest payments.

If you have personal finance at the moment at a high interest rate, then refinancing with a lower cost loan can save you money. Simply apply for a new loan for the total amount owing on your existing loan – plus any additional money you need for incidental expenses or for covering the cost of other debts – and then pay out your existing loan balance in full. You then repay your new loan amount at the new lower fee.

How does debt consolidation manage financial risks?

Debt consolidation loans offered by OneDebt are fixed-rate unsecured personal loans. You are paid a lump sum cash loan amount at the start of your loan and then you repay it with regular, fixed repayments. This is one of the best debt consolidation loans because it is a fixed-rate loan, so you know the total cost of your finance upfront, and you retain control of your creditors, your financial risks and how you disperse your funds. For example, some debt relief services pay your creditors for you and close out your accounts on your behalf. We don’t. When you apply and are approved for your desired loan amount, you receive the cash sum directly to your bank account. You then manage your debts and creditors in the best way that suits you. Pay off existing balances and close your accounts and or pay off your debts and choose which creditors you would like to retain.

Getting a debt consolidation loan from OneDebt is fast and easy. To be eligible to apply, you must be at least 18 years old, currently employed, and a resident in Australia.

We offer customers a wholly online application process that takes you less than 5 minutes to complete and submit. Customers who apply during our business hours typically receive a response in minutes. Your approval notification will include your loan amount and your lending terms and conditions, as well as any applicable fees. If you are happy with the loan offer that we have made you then simply digitally sign your online contract. Once signed, we transfer your cash to you immediately. For some customers, depending on who you bank with, this means that the money they applied for arrives in their bank account the same day that they applied.

As a wholly online lender, we service all of Australia offering same day loans in Sydney, Brisbane, MelbournePerth and more. Applications take you less than 5 minutes and you could have the money you need in your account within 24 hours.

Apply online today and discover how the best consolidation loans can help you get back in front of your finances and save you money in the long run. Apply now.

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