Consolidate
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
repayment

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

$910.72

Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

It won’t affect your credit score!

Check our rates and fees

Interest rate (p.a.)

9.19

% p.a.

up to

23.99

% p.a.

Comparison rates (p.a.)*

10.58

% p.a.

up to

26.58

% 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.
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*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.
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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

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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

Debt consolidation made easier and better

What is debt consolidation?

Debt consolidation is a common financial method that works by combining all existing debts into a single, low rate loan. You may find a debt consolidation loan helpful if you’re struggling with credit card debts or having difficulty in managing multiple loans and repayments, as each of them comes with its own interest rate, establishment fee and other associated costs.

Our debt consolidation loan offers unsecured, low rate personal loans that you may use for a variety of purposes, and one of them is debt consolidation. Sometimes, multiple payments such as credit card debts, student loans, hospital bills and mortgage might come rushing on you all at once, and it’s nice to know there’s a faster, easier way to pay them off.

With our debt consolidation loan, you can get your much-needed funds same-day minus all the hassle and paperwork. Just like when you’re applying for quick cash loans and same day loans with your trusted online lender, our debt consolidation loan is built with an entirely online process that lets you seamlessly apply via your mobile phone and get a tailored decision for quick loans in minutes. Forget about all the long queues, days of waiting and tons of documents that consumers experience with traditional banks.

What are the benefits of debt consolidation?

Consolidating your existing debts gives you just one regular monthly repayments. As a result, you get better control of your monthly finances, all while potentially incurring a lower interest rate and fees.

Plus, if you’re getting an unsecured personal loan to pay of your debts you are given a fixed loan term or a definite end-date for your repayments which makes it easier for you to work towards your goal.

Determine if debt consolidation is the best option for you

Rolling your debts into one can help reduce your fees and interest in the long run. But before jumping ahead to find a prospective lender that could provide the fast cash loans you need, it’s best to know if debt consolidation is a good idea for your current circumstance.

  • Make sure you have researched various debt consolidation options

  • List down all your existing debts and take note of any special considerations on repayments

  • Make sure you are getting an unsecured personal loan with a lower interest rate

  • Use an online loan calculator to see if the monthly repayments will fit in your expenses for the next five years

Know your ideal rate

Before applying for a personal loan to consolidate your debts, make sure you have an idea of your preferred loan amount and loan duration. To determine them, you may use an online loan calculator so you’ll get a clearer picture of how your monthly repayments would look like. A loan calculator is a free online tool usually found in your prospective lender’s website where you can select a loan amount (how much?) and a loan term (for how long?). You can play with these two variables until you come up with your desired rate and the monthly repayment amount that suits your finances.

With a personal loan calculator, you’ll get an on-the-spot computation of your expected monthly repayment, as well as the total charges and total

repayments. It may also indicate the interest rate and comparison rate of the loan, which are equally important when you’re doing your research for the best personal loan for you.

But what is the difference between interest rate and comparison rate? The interest rate is the rate at which you are charged for borrowing the money, while the comparison rate is designed so you can easily compare the true cost of a fixed rate loan. The comparison rate is calculated by combining the interest rate of the loan along with the other fees and charges that come with the loan. This may include the establishment fee, monthly account fees, and early repayment fees.

Unsecured personal loans for debt consolidation

An unsecured personal loan from OneDebt works by offering you a single lump-sum loan to help you pay off all your existing loans and debts. If you are juggling multiple debts and repayments in a month, the debt consolidation loan from OneDebt can help lower the interest rate, monthly repayments, and the overall cost of your short term loans or same day loans over time.

With OneDebt, you can avoid the hassle of dealing with multiple repayments – whether it’s paying for your line of creditholiday loans,

wedding loans or even renovation loans – so you can focus on paying off your debt faster.

We take into account various factors to determine how much you can borrow and the interest rate and fees that go with your online cash loans. These include your income, credit history, debt obligations and living expenses. This way, you’ll get a loan amount and terms that you can comfortably repay.

How long do debt consolidation loans take to process?

OneDebt is powered by a proprietary AI-based loan management platform that assesses thousands of social and financial touchpoints real-time, allowing you to get an outcome within minutes. The application process is fast, user-friendly and fully online, and you get to complete and submit your online application form via your desktop or mobile.

If you are applying for OneDebt’s debt consolidation loan during business hours, depending on who you bank with, your funds could be transferred immediately to your account once approved. Otherwise, you’ll get your

money the next business day.

The go-to solution for your debt consolidation needs is finally here: OneDebt makes loan application and repayments simple, fast and hassle-free.

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