Simplify multiple debts into one easy-to-manage repayment.
Take control of your finances with our debt consolidation loan.
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.
Find out how much your repayments and interest rate could be with our calculator.
Estimated monthly repayments
Example interest rate
Comparison rate
Total charges
$1,857.28
Total repayments
$21,857.28
It won’t affect your credit score!
Interest rate (p.a.)
up to
Comparison rates (p.a.)*
up to
Find out how much you need to repay your existing
debt. You can apply for additional funds if needed.
See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!
Review your loan offer, hit 'submit application', and
we'll take care of the rest.
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
Manage your one repayment, view
your balance and even get access to
our other products and special offers.
Make paying for credit cards easy and hassle-free with our debt consolidation loan. We offer low rate loans up to $50,000 with flexible repayments from 1 to 5 years, all with zero early exit fees. Paying off multiple debts every month can be a struggle, but with our debt consolidation loan, we can help you move your higher-interest debt to a lower debt so you’ll get greater control of your finances. With our streamlined online application process and super fast approvals, the funds can be in your account within 60 minutes, allowing you to settle your debts sooner.
Gone are the days of old-fashioned lending where you have to wait for several days for an outcome. Our digital loan application is easy, straightforward, and you can fill out your online form anytime and anywhere using just your mobile. If you are 18+, employed and a resident of Australia, you can apply online and complete your application in less than 5 minutes. It’s that simple.
Our debt consolidation loan lets you manage your credit card debts in one place with these easy steps:
Visit our debt consolidation loan website and hit the ‘Apply’ button to enter how much money you’d like to borrow and your preferred repayment schedule.
Provide us with your contact details, income, bank statements and a few personal information.
Submit your application and wait for a loan decision.
Once approved, you could receive your funds in as little as 60 minutes!
Make sure that you are ready with your driver’s licence, valid email address, and bank details to ensure a smooth online application experience. Our debt consolidation loan is powered by MoneyMe’s proprietary loan management platform that assesses thousands of data points in real-time, giving you a fair and accurate loan decision in seconds.
Debt consolidation means getting a new loan to pay off other existing debts. When you consolidate your debts, you are combining your debts into a single, larger debt in a form of a loan, and you could get a lower interest rate and lower your monthly repayments, too.
Yes, if you’re paying off multiple credit cards to different providers, you can use a debt consolidation loan to help you manage your debts easier. Doing so could potentially help you save money and complete your repayments more quickly.
You need to meet these basic criteria to be eligible to apply for OneDebt:
You can apply through banks, credit unions or online lenders. OneDebt offers low rate loans up to $50,000 through online applications. All you have to do is visit our website and click ‘Apply’ to start your online application. The application takes less than 5 minutes to complete. Once you’re approved, the funds hit your bank account in 60 minutes (or even faster).
Before applying, be ready with the following to ensure a faster, easier application:
The usual fees associated with debt consolidation loans are the interest rate, establishment fee and monthly account-keeping fee. At times when you are unable to repay on time, you may be charged with a dishonour fee and/or an overdue account fee.
Missed payments may be reported on your credit file as overdue if you are unable to settle them within the grace period set by your lender. If you are going to miss payments, be sure to contact your lender to request to change your payment date to avoid affecting your credit report.
There are lenders who charge early exit fees should you pay your loan earlier than the agreed date on your loan contract. So be sure to check this before applying for a debt consolidation loan for your credit card debts. OneDebt doesn’t charge early exit fees, which means we won’t penalise you for paying off your loan earlier.
One of the benefits of consolidating credit card debts is to save on interest. Our interest rate starts at 6.25% (comparison rate from 7.64%), with zero early exit fees and flexible repayments. With our competitive low rates and better loan terms, you can skip the hassle of paying multiple interests and extra fees, giving you the ability to better manage your finances.
Firstly, determine how much you can borrow by using an online loan calculator. Our online loan calculator provides you with on-the-spot calculations of your monthly repayments, along with the fees associated with your loan, such as the establishment fee and monthly fee.
How it works: simply enter your desired loan amount and your preferred repayment duration (choose from 1 to 5 years). You can play around with these two variables until you arrive at an amount that suits your personal circumstances.
We know how stressful it can be to pay off more than one debt each month, and as a responsible online lender the last thing we wanted to happen is to add to your financial strain. So we can ensure that we are only lending you an amount that you can comfortably repay, we try to see the whole picture when we assess your loan application.
We make decisions based on your credit history, bank statements, living expenses and other factors that go into our AI-based loan management platform to ensure fair, tailored outcomes. If you’d like to know more about our fees and charges for a debt consolidation loan, or other MoneyMe products such as our low personal loans and the Freestyle virtual Mastercard®, feel free to visit our costs page
We offer easy and fast finance options like a credit card consolidation loan all online in a matter of minutes. Get approved for unsecured personal loans up to $50,000 today. Credit card consolidation can help you to budget smarter and reduce your credit fees by combining your repayments. Other benefits of a credit card consolidation loan may include cleaning up your credit file and improving your credit score as well as possibly lowering interest fees and avoiding compounding interest charges you are currently paying.
Not sure how much you could save by consolidating your credit card debt? Use our online tools like a loan calculator to check what you could be paying each month if you opted to consolidate all of your debt into a single cash loan.