Australian consolidating debt loan
Debt consolidation is the process of combining multiple unsecured debts (like credit card and personal loans) into one loan with one repayment.
Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may inﬂuence the cost of the loan.
Representative example figures and monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered.
This will enable you to make just a single regular payment, which can be lower than the total amount that you pay now.
You can save money in addition to lowering your risk of default.
For people lacking in financial discipline, debt consolidation is only part of the solution to their problems.