Consolidate your debt easy today

Simplify your
debts into
one debt

Consolidate your debts into a low monthly repayment
with rates that are cheaper than major banks.

Secured Debt Consolidation Loan


Subject to suitability. T&Cs, fees & charges apply.

Trusted by thousands of Australians

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 rates
which start lower than the big 4 banks

*This comparison rate is based on an unsecured 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. Comparison as of: 30/07/2021

Pay your debts out in
less than 60 minutes
of application


  • Simple application with approvals
    typically within 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

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

6.25 %
p.a.
to 19.95 %
p.a.

Comparison rate3

7.64 %
p.a.
to 19.12 %
p.a.

Establishment fee

$295 for loans between $2,100 and $5,000

$395 for loans between $5,001 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee

$10.00

Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees

None

3This comparison rate is based on an unsecured 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. A $495 establishment fee and $10 monthly fee applies.

$

Monthly repayment from

$910.72

Example interest rate

6.25 %
p.a.

Comparison rate3

7.64 %
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

6.25 %
p.a.
to 19.95 %
p.a.

Comparison rate3

7.64 %
p.a.
to 19.12 %
p.a.

Establishment fee

$295 for loans between $2,100 and $5,000

$395 for loans between $5,001 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee

$10.00

Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees

None

3This comparison rate is based on an unsecured 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. A $495 establishment fee and $10 monthly fee applies.

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:

  1. Enter your desired loan amount and duration.

  2. Provide us with your income details, bank statements and a few personal information.

  3. Click submit! A pre-approval will be sent to you shortly.

  4. 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

Unbelievably easy finance when I needed it the most. A huge thank you from me and as a returning customer I know that I am getting a fair deal.

After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.

Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!

4.7/5

Review Stars Out of 2,701 reviews

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Awards and features

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.

Debt consolidation loan with better rates

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.

What are secured debt consolidation loans vs unsecured debt consolidation loans?

A secured debt consolidation loan is a type of personal finance product that is secured against the value of a large asset that you own. All secured personal loans must be secured against the value of an asset that a borrower owns completely. The purpose of a secured versus an unsecured loan is to reduce lending costs to the borrower. When you secure your finance to the value of an asset that you own, you are effectively offering that asset to your lender in the case of default on your loan. The lender can recoup any lost income from your loan by selling your asset.

While securing your personal finance to your assets like your home or a vehicle can help reduce your lending costs, there’s not a lot of room for flexibility once you have got a secured loan. You are unable to sell or give away the asset you have secured your finance to until you have completely settled your loan balance.

An unsecured personal loan has none of those restrictions. Unsecured loans are the more flexible alternative and we offer customers fast approvals and easy applications for personal loans up to $50,000 all online. Our application process is low doc meaning we don’t need you to upload lots of supporting documents when you apply. We also don’t need to speak with your employers and we probably won’t even need to speak with you. You simply apply online for the cash loan balance of your choice in less than 5 minutes. When you apply during our business hours, customers typically receive a response in minutes. If you’re happy with the loan offer that we have made and you are ready to accept it, then simply sign your online contract and return it to us. As soon as we receive your digitally signed contract, we transfer your new funds immediately. Depending on which bank you use, this could mean that the cash you apply for today is in your account the same day that you applied for it.

As a wholly online lender, MoneyMe services all of Australia with competitive finance products. You can apply online for same day loans in SydneyMelbourneBrisbanePerth and receive the cash you need to get in front of your finances today.

What are the steps to obtain a secured debt consolidation loan?

A consolidation loan is a great way to bundle all of your existing debt, spread over many creditors, into a single loan product with a fixed monthly repayment. You can stop compounding interest in its tracks as well as enjoy the flexibility of paying out your loan balance with us ahead of schedule without having to pay early exit fees.

The first step if you’re looking for a debt consolidation solution is to calculate everything you owe. Ensure you include absolutely everything, including credit cards and store cards, in your calculations. Then use our online loan repayment calculator to estimate what your repayments would be like on a personal loan covering the total amount that you currently owe. Play with inputs like the loan term and interest rates to get as close an idea as possible to what you are likely to pay should you choose one of our consolidation loans.

Once you know how much you need to apply for, simply apply online using our online form. It takes less than 5 minutes to complete and submit a new application with us. To be eligible to apply, applicants must be at least 18 years of age, currently employed and a resident within Australia.

When you receive an approval notification from us, you’ll find the total amount that you have been approved for, your repayment amount, the number of repayments that you’ll need to make as well as details and information relating to the terms and conditions of your arrangement and any other fees and charges that are applicable. Accepting your loan contract is just as easy as applying. Simply sign and submit it online. As soon as we receive your accepted loan offer, we transfer you the funds immediately.

Unlike other debt relief services, we do not pay your creditors on your behalf and nor do we finalise your accounts for you. You receive your full lump sum cash amount into your bank account, and you are free to disperse your funds as you need to. You are free to finalise your accounts if you want to or to retain some of your creditors. The power over your finances and your debt remains with you.

Now that you know unsecured loans are more flexible than secured debt consolidation loans, it’s time to apply online with us to discover how much you could be approved for today. Apply online now.

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