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!

Debt consolidation made easier

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.

Getting a loan for debt consolidation

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.

Applying for a debt consolidation loan

Our debt consolidation loan lets you manage your credit card debts in one place with these easy steps:

  1. 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.

  2. Provide us with your contact details, income, bank statements and a few personal information.

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

  4. Once approved, you could receive your funds in as little as 60 minutes!

Applying for a debt consolidation loan

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.

FAQs for debt consolidation

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.

Applying for a debt consolidation loan

You need to meet these basic criteria to be eligible to apply for OneDebt:

  • 18 years and above
  • Employed
  • Australian citizen or resident

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:

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

Debt consolidation fees and charges

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.

Low-rate personal loan for debt consolidation

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.

Fair and transparent lending

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

Ready to get

Credit Card Consolidation

What is debt consolidation?

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.

What is credit card debt consolidation?

Credit card consolidation is the process of combining all of your credit card debt and paying it out all at the same time with a personal loan. You may wish to do this for a variety of reasons including reducing the interest charged on your credit balances, avoiding other fees associated with your credit card balance or just to streamline and tidy up your money with a quick refinance. This is a great idea if you are about to embark on a new savings plan or you have a financial goal in mind like saving for a home deposit. Reducing your creditors improves your credit file and score. It can also assist with avoiding missed payments and worsening your financial position. 

The quickest and easiest way of attaining credit card consolidation is by applying for our low rate and low fee unsecured personal loans. OneDebt offers loan balances up to $50,000. As a wholly online lender, our application form is available online and will take you less than 5 minutes to complete and submit.

Customers who apply for any of our finance products during our business hours will typically receive a response in minutes. Your loan offer is sent online and will detail your total approved amount, the interest rate offered, any other fees and charges as well as your monthly repayment amount. 

All of our personal loans are variable rate loans which means that your repayment amount remains the same for the entire length of the loan. We don’t charge our customers early payout fees so if you find yourself in a position to pay out your loan balance before the scheduled loan term ends, then you are free to do so without additional termination fees. This helps you to reduce your total payable interest over the course of the loan.

What is the best way to consolidate my credit card debt?

When it comes to consolidating your debt, only you will know the best way forward. Popular options include listing all of your current credit cards and the total owing on them, including any account closure fees that you may be charged once you repay your total credit card balance. Once you know exactly what you owe across all of your credit cards, apply for a loan amount that covers your total balance.

OneDebt pays loan balances directly to the loan applicant, transferring your funds into your bank account once you have signed your loan contract. We do not pay out your existing debts and close your accounts with your creditors on your behalf. If you are unsure how to finalise any accounts you do not wish to retain once you pay them out, contact your credit provider directly.

Often credit providers will require notice of an intention to close an account in writing. Emails usually suffice but double-check to ensure that you don’t accidentally leave any accounts open that should have been closed when they were paid out. Some credit providers will still charge fees like account keeping fees on remaining accounts even if the credit balance has not been used.

When it comes to applying for your consolidation loan balance, ensure also that you are 100% honest on your application. As part of our standard lending practice, our loan assessment team will review your credit history with your application. Don’t worry if your credit file isn’t as good as you would like it to be. We thoroughly assess every application that we receive, taking your credit score into account as only part of your financial status. Your credit file will list all of your existing credit and debt commitments so it’s important to be upfront about all of your creditors on your application.

Is there a limit on how much credit card debt I can consolidate?

Debt consolidation loans from OneDebt are available up to $50,000. This means that you can combine your credit card debt into a single loan up to $50,000 when you apply with us. 

Getting in front of your finances can seem like an overwhelming task at times and that’s why we have developed such a fast, easy and effortless application and approval process.

When you apply online with us, we don’t ask you for lots of documentation or leave you hanging for days, wondering how much you have been approved for. Get fast, easy cash from Australia’s online money lender at great rates and low fees. Apply online now to see how much you could be approved for today.

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