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

OneDebt by MoneyMe

OneDebt is your go-to solution to access fast cash for all your debt consolidation needs. Everything happens online—from your application up to receiving your funds. You get access to unsecured loans up to $50,000 in minutes, with interest starting at 6.95% (comparison rate from 8.34%). Plus, the repayments are flexible from 1 to 5 years without early exit fees. We know how challenging it is to juggle multiple repayments every month, and that is why we’re here to help you get on the road to being debt-free.

How does OneDebt work?

If you are 18+, employed and a citizen or resident of Australia, then you are all set to start your online application. Complete your application in less than 5 minutes, get an outcome fast, and once you’re approved, your debt consolidation funds may hit your bank account in as little as 60 minutes. We’re all about simplicity and straightforwardness when it comes to lending.

Getting a debt consolidation loan

Apply for debt consolidation loans easy like never before:

  1. Click the ‘Apply’ button and enter your desired loan amount and duration.

  2. Fill out the online form with a few personal, income and bank details.

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

  4. Once approved, the money could be in your account within minutes!

Tech-driven financial solution

We get this generation’s growing demands for fast and simple services, and getting debt relief is no exception to that. Our debt consolidation is powered by a proprietary AI-based loan management system that has the capability to analyse thousands of data points in real-time, allowing us to come up with fast and accurate loan decisions in a matter of seconds. No more dragging paperwork and days of waiting, so you can pay off your debts sooner.

Debt consolidation FAQs

Debt consolidation helps simplify your monthly repayments by combining all your outstanding debts into a single loan, with possibly a lower interest rate and better loan terms. This way, you get greater control of your financial situation.

Single monthly repayments – When you take out a loan to consolidate your debts, it helps to reduce the number of payments and interest rates you handle monthly or fortnightly. Debt consolidation also completely eradicates the risk of missing a due date as you only have to pay for one debt.

Get out of debts faster – When you get a consolidation loan, chances are you’ll also be getting a lower interest rate. You can take advantage of this by making extra repayments every cut off to help you save from further interests.

Boost credit score – Your credit score may gradually improve if you maintain your on-time repayments. Keep in mind that your credit report reflects your payment history, so it’s worth it to pay off your debts without delays.

You can use a debt consolidation loan to bring together all your existing debts, such as your credit card, education loan, personal loan, home loan or auto loan.

Applying for a debt consolidation loan

You can apply for a debt consolidation loan for small debts through banks, credit unions or online lenders. It normally takes 24 to 48 hours, or sometimes a week, when you apply through banks. For online lenders like OneDebt, the entire process is much faster, which means you can get an outcome same-day or within minutes.

Applying for a debt consolidation loan with OneDebt is super easy. Visit our website and click ‘Apply’ to start your 5-minute application. Decisions are done within minutes and you can have your funds same-day.

The amount you can borrow will depend on the total amount of your debt and the lender’s maximum loan limit. To give you an idea of how much you can borrow and your repayments, you can use an online loan calculator. It’s a free online tool that provides you with one-the-spot computation of your expected monthly repayments and the associated fees with your desired loan amount.

Debt consolidation fees and charges

Apart from the principal loan amount (or the amount you borrowed) and the interest rate, the fees and charges normally associated with a debt consolidation loan are establishment fees and monthly account-keeping fees. At times when you missed a repayment, you may be charged with a late payment fee, dishonour fee or an overdue account fee. OneDebt does not charge early exit fees, but some lenders may charge you extra if you decide to pay off your debt consolidation loan earlier.

The repayments for a debt consolidation loan is no different from that of a personal loan. You can make your repayment either monthly, fortnightly or weekly. Online lenders may often set up direct debits to your bank account to automatically withdraw the payments on your chosen date.

If you applied for an unsecured personal loan to consolidate your debts, then there is no need to back up your loan with collateral. On the other hand, if it’s a secured personal loan then you are required to put up an asset, which can be one of your personal properties, like your car or your house.

Fair and transparent lending

We leave up to our value of delivering fair and accurate loan outcomes. Apart from your credit history, we also take into consideration various factors to come up with a debt consolidation loan amount tailored to your circumstances. This includes your income, debt obligations and living expenses.

We also get to see your bank history via a secure and trusted portal that gives us access to read-only documents of your bank activities for the last 90 days.

Plus, comprehensive credit reporting (CCR) has given lenders like us a brand-new way to assess our customers’ credit history. Unlike past reports that only shows your credit enquiries and defaults, the new credit reporting allows us to see your efforts and initiatives to pay off existing loans. This way, we get the whole picture and approve you with a loan amount that you can comfortably repay.

Pay off debts sooner with MoneyMe

Just like with personal loans or the Freestyle virtual Mastercard®, the process of getting access to extra funds to pay off debts shouldn’t be dragging. OneDebt is specifically designed to give you just the solution you need. With an entirely digital process and fast outcomes, you get a loan amount with competitive rates and enjoy flexible repayments of up to 5 years.

If you have any enquiries on how OneDebt’s small debt consolidation loans can help you out, visit our website or talk to us! You can phone us from 8 am to 9 pm from Monday to Friday, and from 9 am to 9 pm on Saturday and Sunday and on most holidays.

Apply for a fast and easy debt consolidation loan with OneDebt today.

Consolidate small debts with OneDebt

Small Debt Consolidation Loans

Small debt consolidation loans are a type of convenient finance whereby a customer will consolidate their total debt across all of their existing creditors into a single finance loan for one creditor. Usually, you will refinance your current loans or seek consolidation loans when you’re trying to streamline your finances and reduce your borrowing costs.

You can apply online for small debt consolidation loans from OneDebt ranging from $3,100 to $50,000 in less than 5 minutes. Approvals are fast and you could have the funds you applied for in your bank account within 60 minutes.

Are debt consolidation loans worth it?

Only you can truly decide whether applying for and getting approved for small debt consolidation loans really works for you. Popular reasons for getting small debt consolidation loans include looking for greater flexibility and trying to refinance to secure a lower interest rate on personal loans and other forms of loans like car loans. Interest is charged on all lending products and the lower the interest rate, the lower the comparison rate on your loan of choice. Comparison rates refer to the total cost of a loan and are a more complete picture of finance affordability. It’s a good idea to study the published comparison rates on a lender’s website before you apply.

Other things like online tools can help you decide whether your finance options are viable and worth it. Use our online loan repayment calculator to check how affordable a new unsecured personal loan from OneDebt really is and whether you stand to save money and time by consolidating your existing debt into a single cash loan with us instead. Play with the inputs like the interest rate and the loan term to experiment with what you consider to be affordable. 

When you apply for small debt consolidation loans, you should apply for the total finance you need to clean up all of your small debts and bills, like credit card bills and buy now and pay later bills, in one fell swoop. This ensures that you really are released from your other creditors on time and on budget, and it helps to streamline your finances so you’re not paying multiple creditors for finance. Paying multiple creditors can be stressful and missing payments or changes in terms and conditions like variable interest rates can result in high financial penalties like late fees or even compounding interest. The purpose of a debt consolidation option is to release you from those terms and conditions and offer you the opportunity to straighten out your financial obligations, reducing costs and saving you money.

Always check that the advice offered is right for you, no matter how good the promotional lending rates look. Consolidating debt is a handy and clean way of managing your finances but only you will know exactly how to make a new loan like this really work for you.

Does getting small debt consolidation loans affect my credit score?

All forms of finance will affect your credit score. The more you have borrowed from money lenders, the lower your credit score becomes. This is because customers with less credit are highly desirable for lenders. Affordable lending means knowing that you can comfortably pay all of your debt obligations and still live comfortably between pay cycles. It doesn’t mean just managing to pay your debts on time month to month. 

If you’re in the latter position and you’re barely making your monthly repayments across all that you owe then small debt consolidation loans could be ideal for you. Multiple creditors on a credit file are just as discouraging as high amounts of credit already issued so if you’re looking to clean up your credit and increase your score in time for larger personal loans like a home loan, consolidating your debt to just a single creditor may be the way to do it.

MoneyMe is Australia’s Gen Now online lender. We specialise in offering our customers a wide range of financing options from small debt consolidation loans to medical loans and even home improvement loans. Applications take you less than 5 minutes to complete and submit online and approvals are fast, often received within minutes when you apply during our business hours. 

To be eligible for any financial products from MoneyMe, applicants must be at least 18 years of age, currently employed and a resident in Australia. Don’t worry if your credit file and your credit history aren’t as good as they could be. We look at your total financial status and assess each loan application thoroughly using the latest technology. When you apply online with us, you’ll be asked to log into your online banking platform. When you do this, your details are encrypted using the same level of bank encryption software that your internet banking platform uses so your details are nice and safe. We do not receive access to your account or your login credentials. Instead, our assessment team receives a recent 90-day transaction statement from your account and it’s this statement that we use to determine your credit risk and your approval. We can instantly verify details like your income and your living expenses via your recent statement. 

Once approved, you’ll receive a loan offer detailing the interest rate offered, the total loan amount as well as your repayment amount. All of our finance options are variable rate personal loans so the repayments stay the same for the life of the loan. You know ahead of time what you will pay and when. If you’re in a position to pay out your loan balance ahead of schedule, then that’s great news! We don’t charge early exit fees for customers seeking to pay out their loan balance early.

Apply online now for small debt consolidation loans in less than 5 minutes and discover how much you could be approved for today. We can help – apply online now!

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