<div class="fusion-layout-column fusion_builder_column fusion-builder-column-19 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"> The minimum qualification requirements for a debt consolidation loan are: You must be over 18 years of age Be employed or self-employed Have a minimum income before tax and super of $23,000 Be a Permanent Resident or Citizen Each lender reserves the right to include further credit criteria. These criteria ensure loan affordability and confirm the creditworthiness of the applicant.

<div class="fusion-layout-column fusion_builder_column fusion-builder-column-25 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"> We have access to 40+ lenders across the market, so whether you have excellent or bad credit we have options available. You will, however, have a better chance of getting approved if you have a higher credit score.

Thinking of paying off your existing debts with a debt consolidation loan? It’s so simple with Geared Loans

Consolidating all your high interest loans and credit cards with a lower interest loan, could be a good way to save money each month.

Finding the best loan is super easy. Thanks to our state-of-the-art funding platform, we have access to over 40 of Australia’s lenders to help you find the right loan. Save time by letting us do all the groundwork for you.

1. Apply online for a debt consolidation loan. It only takes a few minutes and won’t impact your credit score.

2. A qualified professional advisor will be in touch with the best rates and lenders for you as soon as possible.

3. Relax! We’ll sort out everything else. Just sit back until your loan arrives.

What can I use a debt consolidation loan for?

Credit Card Debts

High interest rates are common on credit cards, but many borrowers overlook this because of how easy they are to use.

Unsecured Loans

Interest rates on unsecured and personal loans vary greatly. Look carefully at what you are currently paying if you are consolidating these loans.

Bank Overdrafts

Unauthorised overdrafts can be some of the most expensive ways to borrow money. Try to limit your spending to the authorised amount.

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40+ Lenders at your fingertips:

Frequently asked questions

What is a debt consolidation loan and how does it work?

A debt consolidation loan enables you to consolidate your existing debts such as credit cards and other personal loans into one loan and one repayment, making it easier to manage your debts and in some cases lower your monthly commitments.

Debt consolidation can be a very effective way to get in control of spiralling debt issues and provide a clear path for paying it off.

Do I qualify?

The minimum qualification requirements for a debt consolidation loan are:

You must be over 18 years of age
Be employed or self-employed
Have a minimum income before tax and super of $23,000
Be a Permanent Resident or Citizen

Each lender reserves the right to include further credit criteria. These criteria ensure loan affordability and confirm the creditworthiness of the applicant.

How much can I borrow?

Depending on your income, your credit score and what you plan to use the money for, you’ll be able to borrow between $10,000 and $200,000.

How much are the repayments?

Loan repayments are based on three main factors:

the amount you borrow;
the term of the agreement;
the interest rate.

All these combined determine the repayment amount. Other factors like loan fees and balloons may also affect the monthly repayment amount.

How fast are approvals?

When all the required information is provided, lenders generally respond the same day with an outcome. But some more complex applications may take between 24-48 hours.

Please provide your details through our online application and one of our finance partners will be in touch with you shortly.

Our Partners aim for an outcome the same day. They can then send funds to you in less than 24 hours – provided all the required information is at hand.

Approvals can last up to 90 days, so get ‘Pre Approved’ today.

How long is the loan?

Loan terms can range from two to seven years, with four to five years being an average contract term. As a rule of thumb, the longer the loan term, the lower the repayments.

Will it affect my credit score?

Making an enquiry to discuss your circumstances, get finance quotes and fact-find will not affect your credit score. You can discuss all your requirements with a loan specialist.

When you are happy with your indicative quotations and wish to proceed, the lender may perform a ‘hard’ credit search. This is normal and is noted on your credit history. It can affect your credit score, so your consent is required before this happens.

Bad credit score?

We have access to 40+ lenders across the market, so whether you have excellent or bad credit we have options available. You will, however, have a better chance of getting approved if you have a higher credit score.

Why choose us?

Your needs are at the heart of everything we do. Here are just some of the ways we do it:

Flexibility

Quick and easy online application. Fast decisions and funding possible in less than 24 hours on flexible options up to $200,000.

Support

A dedicated Lending Specialists will get to know you and provide a personalised solution. Everything is clear and easy to understand – no hidden fees and no nasty surprises. We can help even if you have a less than average credit score.

Confidence

We simplify the complicated process of comparing and buying products. Our soft searches will not affect your credit score. Save your time and your money.

Easy loan application. Free expert advice. Credit check friendly.