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

6.74% p.a.

Comparison rate*

8.13% 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.

Establishment fee


Loans up to $15,000


Loans above $15,001

Loan term

3 to 5 years

Our fees


Monthly fee


Early exit fees

*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, accept it, and you’ll get an
approval outcome typically within 60 minutes.

4Same-day transfer

Once approved, we’ll transfer the money to your bank
account immediately, even on weekends.

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

Choose a lender
with purpose

Our philosophy? Doing good while

Explore our impact
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OneDebt’s consolidation loans

OneDebt offers very competitive loan rates for borrowers who would like to combine their debt repayments into a single loan, or simply take advantage of a better interest rate than their current personal loan or credit card. Our transfer times are fast, and once approved you can have as much as $50,000 of debt consolidation funds transferred to your bank account within minutes. Our lending process is entirely online, and we offer flexible 1-5 year payments without any early exit fees to help you get back on track sooner.

Getting a debt consolidation loan

In order to be eligible to apply for a debt consolidation loan with us, you have to be at least 18 years old, employed and an Australian citizen or resident. If you are all these things, then you can start your application via our mobile app. Our application process is extremely fast, and you can even have the funds in your account within 60 minutes.

How to apply for a OneDebt low rate loan

Start consolidating your debts with us with these simple steps:

  1. Enter your desired loan amount and duration.

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

  3. Submit your application and wait for our quick decision.

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

Our loans are easy and completely digital

Our debt consolidation loan is powered by OneDebt’s advanced loan management platform that allows us to deliver fast and fair loan outcomes in a matter of seconds. As our customer, you’ll only get to experience a smooth and seamless application experience. No more paperwork, repetitive phone calls and long queues. We’re here to help you manage your debts and pay them off sooner.

Basics of debt consolidation

Debt consolidation is the process of combining all your existing debts into a single monthly repayment with possibly lower interest rates and better loan terms.

A credit enquiry then and now might be harmless, but a frequent hard credit check resulting from several enquiries might cause a temporary dip in your credit file. But you can always overturn this by maintaining an on-time schedule for your repayments. Your prompt repayments will reflect on your credit history and will help pull up your credit score.

Our online application is less than 5 minutes, and once you submit it you’ll receive a loan decision from us not long after. Once approved, depending on who you bank with, your funds may hit your bank account in a matter of minutes.

Applying for a debt consolidation loan

To apply with OneDebt, simply visit our website using your mobile phone, tablet or desktop computer. Hit ‘Apply’ and enter your preferred loan amount and duration. Provide us with a few personal information, plus your income details and bank statements. All done! Click submit and wait for our quick loan decision.

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

  • At least 18 years old
  • Employed
  • An Australian citizen or resident

To ensure a smooth application experience, be sure you are ready with your mobile phone, driver’s licence, valid email address and bank details before you start filling out the online form.

Debt consolidation fees and repayments

OneDebt lets you borrow $3,100 to $50,000 for all your debt consolidation needs, with competitive rates, flexible repayments and zero early repayment fees.

Yes. Unlike other lenders, OneDebt will not charge you an early exit fee should you decide to pay off your loan earlier than the agreed date on your loan contract.

Your debt consolidation funds will be transferred straight to your account if you’ve been approved. But please take note that the transfer times vary depending on who you are banking with, and whether you apply during or outside business hours.

Online debt consolidation loans

OneDebt’s debt consolidation loan is changing the way consumers pay off their outstanding debts. No more high-interest credit cards, personal loans and other debts—we offer flexible, unsecured personal loans with lower interest rates and lower monthly repayments.

Our approval times are fast, with funds available in your account within 60 minutes. Our loan decisions aren’t just quick. We’re completely fair and transparent too.

Aside from your income, financial obligations and living expenses, we also look into the comprehensive credit reporting and your banking activities for the past 90 days to help us come up with a debt consolidation rate tailored to you. This way, you get to pay off your existing debts into just one easy, manageable repayment.

We’re upfront and transparent

Use OneDebt’s online debt consolidation loan calculator to help you work out the loan amount that best suits you. Our online calculator is free and gives you an on-the-spot computation of all the fees involved so you’ll get a clearer picture of how your repayments would look like.

If you’re looking for further information, our fees and charges are also listed out on our costs page. You may also email us at for any enquiries regarding our debt consolidation loans. Our team of bright and friendly customer representatives are also available to chat from 8 am to 9 pm Monday to Friday and 9 am to 9 pm on weekends on 1300 669 059.

Simplify your debts with OneDebt

What is debt consolidation?

You may have heard of consolidating debt or refinancing but what is debt consolidation? If you’re looking for a way of reducing your credit costs, tidying up your credit score and finally getting in front of your finances then debt consolidation could offer you all of that.

You can apply online today for consolidation loans of up to $50,000. Approvals are usually received within minutes and cash transfers are made the moment you sign your new contract online. Apply now to discover how much you could be approved for.

Do I need debt consolidation?

What is debt consolidation? Consolidating your debts is a way of refinancing designed to simplify your current expenses and reduce your current creditors. With the advent of new deferred payment options like buy now and pay later services, multiple credit cards and other forms of small credit, it is easy to collect multiple creditors in a short space of time. This isn’t necessarily a problem and if you are comfortably repaying your credit obligations individually then you may have no need for a debt consolidation loan. However, if you would like to reduce the number of creditors you have or you believe that you are paying higher fees and charges individually, a debt consolidation solution may help.

Consolidating your debt means borrowing enough in the form of a personal loan to pay out every creditor you have and to close your account with them. Instead of paying individual bills and debts, you are paying just one money lender a fixed monthly repayment amount. All of our personal loans are unsecured loans and are offered with fixed interest rates. Before you apply for a consolidation loan with us, you can use our debt consolidation loan calculator to check whether this option is right for you.

An online calculator will give you an indicative interest rate (which you can change to alter your repayment amount), an indicative repayment amount and an indicative total cost for your finance option. You can use our calculator to double-check that a new personal loan is affordable, comfortable and will help you achieve your financial goals before you even apply with us. Even if you are comfortable managing multiple creditors at the moment, it might be worth a few minutes of your time to check whether you could afford to save a little extra anyway.

Another reason why you may be interested in applying for debt consolidation is to improve your credit score. Owing multiple amounts to many creditors reduces your borrowing power and your credit score. Many people planning to save for big assets and investments like a home deposit may find it helpful to reduce their creditors and their debts first. Not only do you stand to clean up your credit history but you may also find that your lower monthly repayment amount helps you boost your savings balance too.

What are the benefits of debt consolidation?

The main benefit for consolidating your debt is to reduce credit and lending costs like interest payments, compounding interest and other fees and charges like payment or transaction fees. This may not be the case for every applicant but it’s usually the main reason why someone looks for a consolidation solution. Some debt relief providers will also negotiate directly with creditors to help customers secure reduced or suspended interest periods as well as pay out and close your account with your creditors directly. OneDebt is different.

When you are approved for a new loan with us, we pay you the cash lump sum amount, transferring directly into your bank account as soon as you sign your new cash loan contract online. For some customers, this might mean that you have access to the cash that you applied for the same afternoon that you applied for it. 

When you receive your funds, you must contact your creditors and close out your accounts. If you are unsure how to close an account like a credit card or other debt, contact your credit provider for information. It’s important that you understand how to close your accounts as paying them out may not be enough. Some providers will request notice to close an account in writing and if they do not receive formal notice then they may continue to charge you fees such as account fees or transaction fees.

How to apply for a debt consolidation loan?

Applying for any of our finance products is fast and easy. We offer customers a quick online application form that takes you less than 5 minutes to complete and submit. We’ll ask you for some general financial information including your income, your rent or mortgage repayments, details of any current debts and expenses that you have as well as your general living costs. We will also check your credit file as part of our standing lending process. 

Recent changes to the way your credit file is accessed mean that our assessment team now has access to the last 24 months of transactions on your credit file. This shows us whether there were any credit problems in your past and what steps you have taken to rectify them, helping to provide a broader or more complete understanding of your financial position.

This is great news for customers struggling to regain control of their credit and who are looking for a consolidation solution that reduces their fees, cleans up their credit score and stands them in good stead for maintaining their financial health.

Apply online today for debt consolidation loans up to $50,000. Approvals are usually received within minutes when you apply during our business hours.

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