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 Loan by MoneyMe

We provide fast, low-rate debt consolidation loans up to $50,000 so you can pay off your loans sooner. Keeping up with multiple debts every month can be stressful, as each one has a different payment schedule and amount. With same-day loans specifically built for debt consolidation, you can combine all your outstanding debts into one, with variable instalments for up to 5 years. Our debt consolidation loan is easy, completely online and without any hidden costs.

How does debt consolidation work?

A debt consolidation loan works just like any other type of loan where you borrow money and repay it over time. But instead of using it to make a purchase, you use the funds to pay off all your combined existing loans or debts. With our debt consolidation loan, you get all the funds you need within 60 minutes, or even faster in some cases, so you can move your high-interest debts into a variable low-rate loan and pay them off faster.

Getting a debt consolidation loan

Complete your debt consolidation loan application in less than 5 minutes:

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

  2. Provide us with a few personal details, contact info and online bank statements.

  3. All done! You can get a decision in minutes. If approved, your funds could hit your bank account in less than 1 hour.

Tech-driven financial solution

Say goodbye to long wait times and hello to fast and straightforward online lending. Powered by the same decision engine that brought you the MoneyMe personal loans and Freestyle virtual Mastercard®, our debt consolidation loan offers fast and easy debt relief with fast approvals, competitive rates and flexible repayments.

Experience a completely online process with our debt consolidation loan, from your application up to receiving your funds. No more paperwork, unnecessary phone calls and several days of waiting.

Debt consolidation FAQs

Debt consolidation is the process of combining all your existing debts into a single loan that has potentially lower interest rates and fees than what you’re currently paying. So, instead of having multiple repayments for different loans each month or each fortnight, you only get one loan with one regular repayment and interest rate.

The first thing you have to do is get the information on all your existing debts. This includes the amount you pay for each debt, their interest rates, and the monthly fees. Then, plan on how much you will be able to allocate for your debt repayments. Once you know the amount you’re going to borrow, it’s time to look for a prospective lender.

You may apply for a debt consolidation loan through banks, credit unions or online lenders. A personal loan can be a good debt relief option as it often comes with a variable term and interest rate. With a personal loan, you can dodge multiple fees and simplify your monthly bills into a single repayment.

Applying for a debt consolidation loan

You have to meet these basic requirements to be eligible to apply:

  • At least 18 years old
  • Employed
  • Australian resident

What do I need to prepare before I apply?

Make sure that you are ready with the following to ensure a smooth online application experience:

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

Applying for a debt consolidation loan is very simple and similar to how you apply for a personal loan. OneDebt is built with an easy online application process where you can get a loan decision in a matter of minutes. Using your mobile or desktop, start your online application by providing us with your personal information, contact details and bank statements. The online form takes just minutes to fill out, and you can get an instant decision. Once you’re approved, your debt consolidation funds may hit your bank account within minutes.

Fees and charges

The amount you can borrow for debt consolidation depends on how much you need and your agreement with your lender. With OneDebt, you can apply for a loan from $3,000 to $50,000..

A debt consolidation loan may include charges such as interest rate, establishment fee and monthly fee. At times when repayment is skipped, your lender may charge you with a dishonour fee and an overdue account fee. Depending on your loan provider, you may also get charged with an early repayment fee should you decide to pay your entire loan sooner than your agreed loan term.

How to get a debt relief

The process of getting a debt consolidation loan from us is fairly straightforward. First things first: you have to be at least 18 years old, employed and an Australian resident. If you are all these things, then you are all set to start your online application.

Simply access our debt consolidation loan website with your desktop, mobile or tablet. Start your online application by entering your desired loan amount and duration. Then, provide us with your income and some personal details, along with your everyday living expenses and bank statements.

We ask for a copy of your bank statements through a secure and trusted portal. It’s the same one that has security-level encryption that your bank uses to ensure that your information is safe. We obtain a read-only document of your bank history for the past 90 days, allowing us to speed up your application and give you a fair and accurate loan decision.

Get your ideal rate

Get your ideal rate Before applying for a debt consolidation loan, the first and most important thing you should know is how much you’re going to borrow. This can be the total amount of all your outstanding debts or whatever amount that best suits your situation.

You can use an online calculator to get a clearer picture of how your repayments would look like with your desired loan amount. Our debt consolidation loan’s online loan calculator is super easy to use and gives you an instant computation of your expected monthly repayments, plus any fees and charges that you may incur.

This way, you are able to adjust your everyday spending to give way to your incoming debt consolidation loan repayments. Stay on top of your finance and free yourself from debts the easier way when you apply with our debt consolidation loan.

Debt Relief up to $50,000 Approved Online

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 variable 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, 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. 

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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