1300 669 059Simplify your
debts into
one debt
Consolidate your debts into one low monthly repayment.
Secured Debt Consolidation Loan
Trusted by thousands of Australians
Trusted by thousands of Australians
Award winning lender
Winner of Canstar's Innovation
Excellence Award 2022*
Make life easy with
one low monthly
repayment
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.
Simplify your
finances in as little
as 60 minutes
-
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Simple application with approvals within
as little as 60 minutes -
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Money transferred to your bank account
in seconds to pay out your existing debts -
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Enjoy one low monthly repayment
managed via our app
Easily managed
with your app.
Manage your one repayment, view your balance
and even get access to our other products and
special offers.
Debt consolidation calculator
Personal loan pricing
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
$910.72
Example interest rate
9.20
%
p.a.
Comparison rate
10.58
%
p.a.
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.
Personal loan pricing
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
Ready to get
started?
What is debt consolidation?
OneDebt offers very competitive loan rates for borrowers who wish to combine their debt repayments into one, or simply take advantage of a better interest rate than their current personal loan or credit card. Our transfer times are extremely fast, and once approved you can have as much as $50,000 of debt consolidation funds transferred to your account within minutes. Our loan process is completely online, and we offer flexible repayments from 1 to 5 years that you can easily manage with our app.
Getting a debt consolidation loan
You only have to be these three things to be eligible to apply for a debt consolidation loan: employed, an Australian citizen or resident, and 18+. If you’ve put a big check on all these, then you are ready to apply. The application can be completed via your mobile phone, and you’ll experience a super-fast application process with funds transferred to your account in as little as 60 seconds once approved.
How to apply for a OneDebt low rate loan
Experience an easy online application with OneDebt in under 5 minutes:
-
Enter your desired loan amount and duration.
-
Provide us with your income details, bank statements and a few personal information.
-
Click submit! A pre-approval will be sent to you shortly.
-
Send back to us your digitally signed contract. Depending on who you bank with, your funds may hit your bank account in as little as 60 minutes, or faster.
Fair and responsible lending
Just like the MoneyMe personal loans and the Freestyle virtual Mastercard®, OneDebt is all about providing its customers fairer, tailored debt consolidation loan outcomes. Apart from your credit history, we also take into account various factors such as income, financial obligations and living expenses to come up with a loan amount that you can comfortably repay.
Basics of debt consolidation
Debt consolidation is the process of combining all your outstanding debts in the form of a loan. Instead of managing several payments each month, with debt consolidation you are only going to pay a single loan, with a possibly lower interest rate and better terms. Getting a debt consolidation loan is similar to getting a personal loan, but rather than using it to purchase goods, services or personal assets, you are using it to pay off your debts.
Debt consolidation loan enquiries may cause a temporary dip in your credit score, especially for frequent hard enquiries. But you can always turn this around by making sure you are making on-time repayments.
Depending on who you bank with, once approved you can have your funds in your bank account in a matter of minutes if you apply during business hours. If you apply outside business hours, this may take a little longer, but we will normally process it first thing the next day.
Applying for a consolidation loan
OneDebt lets you apply online and submit your application in less than 5 minutes. To apply online, visit the OneDebt website and click ‘Apply’. Enter your loan amount and duration, along with your income, bank statements and a few personal information. Once you have submitted your online form, expect a decision from us shortly. The funds will hit your account same-day, or in just minutes, if you’re approved.
To be eligible to apply you must be 18+, employed and a resident or citizen of Australia. If you meet these basic criteria then you can proceed to apply.
Be sure you are ready with your driver’s licence, a valid email address and your bank statement. Make sure that you have your phone somewhere near you as we will be sending a verification code.
Debt consolidation fees and repayments
OneDebt offers low rate loans from $3,100 to $50,000 with competitive rates, flexible repayments and zero early exit fees.
Your debt consolidation funds will be directly transferred to your nominated bank account.
Yes, at OneDebt you can completely pay off your loan earlier than the agreed terms without getting charged with an early repayment fee.
Fast and accurate loan decisions
Our proprietary AI-based loan management platform assesses thousands of social and financial touchpoints in real-time, giving you a fair and accurate outcome in seconds. No more paperwork, unnecessary phone calls and several days of waiting.
OneDebt’s digital process does all the heavy work for you, so you get to experience nothing but a seamless application process.
We also ask for your online bank details to fast-track your application even more. Through a secure and trusted portal, we get to access your banking activities for the last 90 days as a read-only document. This gives us a more holistic view of your banking behaviour that helps us come up with a fairer loan decision.
We’re upfront and transparent
We’re about responsible lending, that is why we ensure that we are only lending our customers an amount that they can afford to repay. To get an idea of how much you can borrow, OneDebt has a free online calculator that you can use before applying for a loan with us.
Simply enter your desired loan amount and select your preferred duration (from 1 to 5 years). You will get an on-the-spot calculation of your expected monthly repayments plus the total charges and repayments for your loan.
Our costs page also shows the associated fees with your debt consolidation loan, so you are well aware of the charges that may apply and may be included in your repayments across your loan term.
Our
customers
LOVE us
Secured Debt Consolidation Loan
Jayceenemo
Aug 09, 2023
Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.
BGC
Jun 13, 2023
Simple process, easy to follow application, quick response time and good support.
Brad
May 31, 2023
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
Ready to get
started?
Debt consolidation loans by OneDebt
Secured Debt Consolidation Loan
Often a borrower will seek out a secured debt consolidation loan in the hopes of achieving a lower lending rate than they would with an unsecured personal loan. At OneDebt, we offer our customers access to flexible and competitive unsecured personal loans at great rates. Applications take you just 5 minutes to complete and submit online and you could have the funds you’re looking for in your bank account the same day that you apply.
We are the low doc lender that knows just how valuable your time really is. Get approved fast for debt consolidation loans at OneDebt up to $50,000. It’s online and hassle-free, so you can say goodbye to lengthy paperwork and several days of waiting. OneDebt offers a better, smarter way to consolidate your debts sooner.
