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, variable 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. 

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.