Consolidate your debt easy today
Consolidate your debts into one low monthly repayment.
Winner of Canstar's Innovation
Excellence Award 2022*
Winner of Canstar's Innovation Excellence Award 2022*
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.
We bet you'll be happy with our low rates.
Simple application with approvals within
as little as 60 minutes
Money transferred to your bank account
in seconds to pay out your existing debts
Enjoy one low monthly repayment
managed via our app
Manage your one repayment, view your balance
and even get access to our other products and
special offers.
Interest rate
9.20
%
p.a.
to 25.20
%
p.a.
Comparison rate
10.58
%
p.a.
to 26.58
%
p.a.
Establishment fee
(Direct applications)
$395 for loans between $5,000 and $15,000
$495 for loans between $15,001 and $50,000
Monthly fee
$10
Loan terms
Minimum 3 years
Maximum 5 years
Early exit fees
None
Monthly repayment from
Example interest rate
Comparison rate
Total charges
$1,857.28
Total repayments
$21,857.28
Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. Any calculations made by you using this calculator is intended as a guide only.
Interest rate
9.20
%
p.a.
to 25.20
%
p.a.
Comparison rate
10.58
%
p.a.
to 26.58
%
p.a.
Establishment fee
(Direct applications)
$395 for loans between $5,000 and $15,000
$495 for loans between $15,001 and $50,000
Monthly fee
$10
Loan terms
Minimum 3 years
Maximum 5 years
Early exit fees
None
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.
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.
Apply for debt consolidation loans easy like never before:
Click the ‘Apply’ button and enter your desired loan amount and duration.
Fill out the online form with a few personal, income and bank details.
Submit your application and wait for a quick loan decision.
Once approved, the money could be in your account within minutes!
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 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.
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.
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.
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.
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.
Small Debt Consolidation Loans
Jayceenemo
Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.
BGC
Simple process, easy to follow application, quick response time and good support.
Brad
I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.
4.6/5
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.