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All Loan Sizes
Personal & Business
High Success Rates
Debt consolidation loans offer the chance of consolidating your current obligations, such as personal loans, credit or store cards, and even mortgages into a single loan. It helps to simplify your budgeting and pay schedules, that Instead of dealing with different loans and lenders, everything is in one location; hopefully resulting in fewer monthly payments and less juggling overall.
With just one set of fees, or even none, and preferably a reduced interest rate, you may be able to minimise the amount you need to pay in terms of your loan repayments, as well as the overall amount you repay.
Our debt consolidation brokers, can usually assist in a fixed interest rate, so you’ll know precisely how much your repayments will be from the start. For personal and business debt consolidation loans, your unencumbered vehicle may also be used as security against the loan to increase maximum borrowing amount, and lower interest and fees.
Contact today for a free consults and strategy guide for your debt consolidation, with no credit checks or documents needed to begin.
Optimal Debt Solutions
“Sometimes all we really need is that little extra help to achieve great things” – Anon
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Debt Consolidation loans
Debt consolidation can assist in many ways from saving on monthly payments, to saving on interest, or just the practicality and convenience of lessening the number of open debt facilities.
We can assist with all types of debt consolidation, with multiple debt and credit history scenarios. Where as going to a lender will result in only their products, we can easily and quickly summarise current lender offers, and rates, and tailor a solution for you. This generally not just saves you time and money, but also gives you comfort knowing you have received the best deal for your situation.
We can obtain financing with the main banks as well as specialty lenders, with typically no early exit and repayment fees, and a whole host of other benefits on your debt consolidation journey. Enquire for a call back today from one of our personal loan brokers and ensure you make the right choice on your debt consolidation today.
Frequently Asked Questions
What do I need to get started?
All we need to know at a minimum, is estimated monthly income and expenses, current debt balances and repayment amounts, and an outline of what you want to achieve. We can then arrange our complimentary credit consult with one of our loan brokers to discuss how we can best assist you.
How much can I borrow?
This will largely depend on your credit history and monthly income and expenses and other debt facilities you may already have. For larger amounts further documentation may also be needed and we can provide a full document checklist once a quote has been provided. If you want to find out a good idea of borrowing amount, please book one of our online credit consults or give us a call today. One of our loan brokers can then discuss a tailored potential borrowing amount.
What will my rate be?
This is similar to the metrics used to assess borrowing limit. We can advise an estimated rate from our complimentary credit consult, or to receive a more accurate rate, please get in contact with us to arrange your tailored loan quote.
Does my job or location matter?
We can consider income from any industry and job type Australia wide. The location and industry may effect rate and borrowing limits, depending on the risk rating the lenders apply. Generally your credit history, property details, and level of other debt, are more important lender factors.
Do you need tax returns?
For self-employed applicants we have alternative income verification methods. These can utilise bank statements, BAS or accountant declarations to calculate loan borrowing limits and interest rates. Even if recently employed, we can also assist as generally pay slips or an employment contract is all that’s needed. This will all depend upon your loan requirements and other mitigating circumstances which we can discuss when you call.
Debt Consolidation
We can assist with most types of debt consolidation for a large range of varying debts and lender facilities you may have open. Depending on your situation, we can also wrap debt consolidation into new lending if you want to purchase something at the same time. Our main aim though is to put you in a better position, free you from the debt cycle, and ensure any further lending is aligned with your current and future needs, and objectives, and will bring you true benefits.
Once our brokers have assisted you and booked settlement with the debt consolidation lender, funds can be paid direct to you or to the other debts being paid out, depending on the overall loan structure and details.
Repaying your debt as soon as possible is an excellent strategy to lower the total amount of interest you spend on it. However, the last thing you want is to be charged an early payback cost (also known as an exit fee). Our brokers favour lenders with minimal or ideally no early repayment or exit fees, whilst considering this against the overall fees and interest and present you with a full up front quote.
Start today by arranging a free 30 minute credit consult with one of our personal loan brokers. From there we can advise how we can assist you, and provide value and benefits around utilising our team for for all your personal finance needs.
Things To Consider
1. Your Borrowing Power
Regardless of your degree of debt, understanding this will determine the maximum amount you may combine with a debt consolidation loan.
2. The Interest Rate You Will Pay
Ideally, a debt consolidation loan would have a lower interest rate than your present loans.
3. Total Amount Of Consolidation
Consider consolidating all of your debts into a single loan. In addition to the outstanding sums, enquire about any extra fees that may be imposed on closing other debts.
4. Total Debt Coverage
Your debt consolidation loan might not cover all of your current balances
5. Your Future Plans
While it can be hard to know exactly where you will be in the future, it is still good to consider your most likely situation, and how any planned finance would fit, support, or risk these future plans.
What does it take for a typical debt consolidation loan?
The requirements of each loan first start with working out your needs, wants, and objectives, and then aligning this against your current financial position. From there we can work out which lender, and which of their finance products, is likely going to suit you the best. This will result in different document and verification requirements, which can also be tailored to what is available. We do this all in an efficient transparent way, and generally can show you the top three to five comparisons, and reasons for our finance choice – with the ultimate decision in your hands.
We reverse engineer your financial position, wants and needs, and future objectives, to align you with the most beneficial lender.
Full Doc Loans
- 2 x Payslips
- ATO Tax Returns
- Financial Records
- 1-2 Years ABN NOAs
- Clear Credit History
Specialists Loans
- Exotic assets
- Non-conforming security
- Difficult income verification
- Case by case assessments
- Special loan needs
Low Doc Loans
- No tax returns
- Alternative income
- Bank statements
- Short trading history
- Private lenders
Credit Impaired
- Discharged bankrupt
- Listed defaults
- Late payments
- Low credit score
- Limited credit history
Secured Car Loans
From 8.95%
pa Request Call Back
- 9.25% Comparison rate
- Dealer or private purchase
- Up to 120% security value
- Minimum $10K facility
- Free pre-assessment
- Longer loan terms available
Unsecured Car Loans
From 9.75%
Pa Request Call Back
- 10.45% Comparison rate
- Funds paid to you
- No early repayment fees
- Up to $120K per household
- Free pre-assessment
- Maximum flexibility
Other Secured Loans
From 8.95%
Pa Request Call Back
- 9.75% Comparison rate
- Use an already owned asset
- No early repayment fees
- Up to 100% security value
- Free pre-assessment
- Free valuations
