Consolidate your debt easy today

An award-winning experience

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 OneDebt,
you can simplify your debts into one easy to manage, low
monthly repayment.

Awesome low
interest rates

We bet you'll be happy with our low rates.

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

*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.

Simplify your finances
in as little as 60 minutes

Download the app
  • 1

    Simple application with approvals within as little as 60 minutes

  • 2

    Money transferred money to your bank account in seconds to pay out your existing debts

  • 3

    Enjoy one low monthly repayment managed via our app

Download the app

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

Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


Simplify your repayments

Consolidate your debts and find out how much your repayments will be with our calculator.

Enter your loan details


Don’t know your score? Check for free

Estimated monthly repayments


Example interest rate

9.20% p.a.

Comparison rate*

10.58% p.a.

Total charges


Total repayments


It won’t affect your credit score!

Simplify your debts into Debt Consolidation Loan

Our debt consolidation loan offers low-rate personal loans specifically built for consolidating all your outstanding debts. Apply online, get an outcome fast and receive up to $50,000 same-day within 60 minutes. We understand how paying off multiple debts monthly with different terms and charges can be daunting. With a debt consolidation loan, you get access to fast funds to turn your monthly repayments into a single, low-rate loan with flexible repayments, competitive rates and zero early exit fees. Paying off debts has never been this easier.

How does debt consolidation work?

Debt consolidation works by combining all your outstanding debts into one unsecured personal loan with a possibly lower interest rate and lower monthly repayments. Our debt consolidation loan offers competitive rates so you can easily take advantage of a lower interest rate than what your current personal loan or credit card offers. Our transfer times are extremely fast, and once approved you can expect the funds to be in your account within minutes.

Getting a debt consolidation loan

Having access to debt consolidation loans with us is super easy:

  1. Apply online via our website and enter your desired loan amount and duration.

  2. Provide us with some personal information, income details and bank statements.

  3. Submit your application!

  4. Once approved, depending on who you bank with the funds may hit your bank account in as little as 60 minutes.

Tech-driven debt consolidation loan process

Modern times call for modern solutions, and getting access to quick funds is no exception to that. Our debt consolidation loan is 100% online, which means you get to experience a streamlined digital process—from filling out the application form up to receiving your funds. Powered by our own intelligent decision-making engine, our loan processes are fair and accurate, and outcomes are delivered fast.

Debt consolidation FAQs

Debt consolidation is a way of combining two or more debts—with different loan terms, interest rates and fees—into a solitary loan. A debt consolidation loan saves you from all the hassle of dealing with multiple repayments each month. Think of it as a personal loan, but rather than using it for purchasing goods or services, you are allocating the funds to pay off your outstanding debts.

The most common types of debt you can consolidate are credit card debts, student loans, or high-interest personal loans that you used to pay off medical expenses, car, house or other personal purchases.

Save up on interest. Getting a debt consolidation loan can potentially help you yield a lower interest rate compared to paying off more than one debt at a time. But the interest rate still varies from one lender to another, so be sure you are choosing a debt consolidation loan with a lower interest.

Better finance management. A debt consolidation loan is what you need to avoid the dilemma of managing multiple repayments each month. If you’re only dealing with just one repayment, it becomes easier to set clear goals and gain better control of your financial situation.

Credit score boots. Consolidating your debts may help increase your credit score, especially when you’re not one to keep on top of your repayments. If your debt consolidation loan yields a lower interest rate, you’ll be in a position to pay off your debts faster, which in turn will improve your credit score.

Applying for a debt consolidation loan

The good news is you can now apply for debt consolidation loans online from banks and private lenders. OneDebt, for example, has a completely online process that allows you to submit an application and receive a loan decision via your mobile phone. If you are applying online, be sure that you are ready with your valid IDs, email address and online bank statements to ensure a seamless experience.

The total time it takes to process a debt consolidation loan depends on who your lender is. If you are applying thru banks or credit unions, the duration is usually within 24-48 hours, and in some cases it might take up to a week. If you are applying through online lenders, there’s a chance that you can get a decision in a day as most of them rely on an advanced and automated process to assess applications.

If you are applying for an unsecured debt consolidation loan, your lender will not require you to submit your personal assets such as your home, vehicle or business as collateral. You will obtain the loan based solely on your creditworthiness.

Fees and charges

The minimum or maximum loan amount depends on who your lender is. To get an idea of how much you should borrow, first you need to make a list of all your existing debts and calculate your total repayments. From there you’ll get an idea of the loan amount enough to cover all your loans.

OneDebt offers debt consolidation loans from $3,100 to $50,000 with interest starting from 6.95% p.a. (comparison rate from 8.34% p.a.). Use our free online loan calculator to get an on-the-spot computation of your expected monthly repayments.

Just like with personal loans, apart from the interest, most lenders will require you to pay for an establishment fee and monthly account keeping fee for a debt consolidation loan. At times when you fail to pay on time, you may incur a late fee penalty, or an early repayment fee when you pay off your loan earlier than your agreed loan term.

Setting up a repayment plan is much easier when you consolidate your debts as there’s only one loan to pay off each month. This way, you’ll know exactly when you’ll complete your repayments. Plus, with OneDebt your repayments are aligned with your pay cycle, so you don’t have to worry about getting caught with late fees.

Fair and transparent lending

We’re all about responsible lending, which means we’re transparent with our costs and we only approve a debt consolidation loan amount that we think you can comfortably repay. We take into consideration several factors in order to come up with a loan decision tailored to your personal circumstances.  These include your credit history, income, debt obligations and living expenses.

Comprehensive Credit Reporting (CCR) has been a big help in seeing your credit history from all perspectives. Not only it shows your past defaults and missed payments, but also how you make amends and initiate positive efforts to pay off your debts.

This allows us to understand the complete picture of your credit behaviour and come up with a better risk-based loan assessment for your application.

Pay off debts sooner with a Debt Consolidation Loan 

We’re here to help you work out your debts from multiple credit cards or existing loans with other lenders. Our online application is simple and easy, and you can complete it in under 5 minutes using just your mobile phone.

Say goodbye to old-fashioned lending where you have to submit reams of paperwork, go on face-to-face applications, and answer several phone calls. Our debt consolidation loan does all the heavy work by using an advanced proprietary loan management system that provides fair and accurate loan assessment, easily allowing you to get an outcome fast so you can get the money to pay off all your debts sooner.

Get a debt consolidation loan up to $50,000 with an interest rate starting at 6.95% p.a. (comparison rate from 8.34% p.a.), with flexible repayments and zero early exit fees. Plus, you can easily manage your account with our app.

Ready to get

Debt Relief up to $50,000 Approved Online

Simplify your finances with a Debt Consolidation Loan

Debt relief is a form of financial assistance designed to help borrowers reduce their financial commitments and get in front of their personal finances again. Whether you are currently struggling to manage all of your expenses and debts or whether you’d like a simpler, less complicated way of managing your money, our debt consolidation loan can help.

We offer customers unsecured personal loans up to $50,000 that you can use to pay out all of your existing debts and bills in one fell swoop. Repay your loan with us with fixed monthly repayments over your preferred loan time.

Enjoy low rates and fees and no early termination costs. Applications take less than 5 minutes to complete and submit online.

We service all of Australia, offering fast and easy online loans via our website. As a wholly online lender, we specialise in providing intuitive and quick financial solutions, turning around loan applications in just 24 hours. Change your credit plan and regain control of your debt with our help.

What is debt relief?

A debt relief loan is a type of refinancing loan that helps borrowers to consolidate their existing debts and bills into a single personal loan. Rather than paying multiple creditors, debt relief helps you to reduce your creditors and instead pay a single monthly repayment. If you have multiple debts and bills, then you can apply for an unsecured personal loan from OneDebt for up to $50,000 online today. Once approved, you receive a lump sum cash amount for your total loan balance transferred into your bank account. From there, use your new cash loan funds to pay out all of your existing debts. Repay your loan amount with us with single, fixed monthly repayments direct debited from your account. There are no early payout fees on any of our loan products, either. If you’re in a position to pay out your existing loan balance ahead of schedule, then we won’t charge you an early exit fee. 

Other forms of debt relief and consolidation loans often take care of your creditors for you, possibly even to the point where a finance provider is willing to negotiate for lower interest costs on your behalf. Some money lenders offering debt relief will confirm the total owing for each bill or debt that you have and then pay out and close your accounts with your creditors when you have been approved for your finance.

We don’t work that way. All of our personal loans are paid directly to the borrower and you then close your individual accounts upon receipt of your new funds. You remain in control of your financial position. 

Getting timely debt relief assistance could help you avoid exacerbating existing financial issues and progressing to insolvency or bankruptcy proceedings. Consolidation loans simplify and streamline your debt, helping to reduce financial stress and support future financial health. Even if you are not struggling with your existing creditors and would just like to know whether you could reduce your interest costs with a consolidation loan, we can help. Use our online loan repayment calculator to get an idea of what kind of repayments you could be looking at by combining your existing debts into a single loan with OneDebt. 

How does one qualify for debt relief?

Online debt solutions come in a variety of forms and at OneDebt, we help you reduce your credit obligations with fast, easy personal loans and our Freestyle virtual credit card. To be eligible for our online application process, applicants must be at least 18 years of age, currently employed and a resident within Australia.

Applications take you less than 5 minutes to complete and submit online. We offer a low doc application process which means you don’t need to upload loads of supporting documentation when you apply online with us. Instead, you’ll be asked to sign in to your online banking platform at the end of your application.

By logging into your bank via our secure online portal, you are agreeing to send our loan assessment team a read-only PDF statement of the last 90 days’ worth of transactions. We use this statement to verify your application details like your income and your living expenses. By verifying your details this way, we chop down processing time significantly. We are able to offer our customers instant online approvals and immediate cash transfers.

How to apply for debt relief?

To submit a new application for same day loans in SydneyMelbourneBrisbanePerth and anywhere else in Australia, open our application form online now. You will need two forms of identification (driver’s licence, passport, Medicare card, etc.) which are also instantly verified online. 

Customers who apply during our business hours will typically receive a response within minutes. If you’re happy with the loan offer that we have made you then you simply sign your online contract. Once signed, we arrange the transfer of your new funds immediately. This may mean that your money clears into your account the same afternoon that you applied for it or the next business day at the latest.

Apply online today for debt relief loans from OneDebt. Reduce your interest costs, stress and your creditors to a single monthly repayment. Loans are available up to $50,000 which you can choose to take over 12 months or up to 5 years. Apply now to discover how much you could be approved for.

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