Reviews

Debt Consolidation Loans Australia

Reviews of debt consolidation loan products available in Australia in 2025. All lenders hold an Australian Credit Licence and must assess whether consolidation is suitable under responsible lending obligations. Combining multiple debts into one loan

Found 5 reviews

Harmoney's personal loan can be used for debt consolidation, allowing borrowers to combine multiple debts into a single loan with a fixed rate and term. Loans from AUD 2,000 to AUD 70,000 are availabl…

  • Rates from 5.76% p.a. can significantly reduce credit card interest costs
  • Single monthly repayment simplifies debt management
4.5
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Wisr's personal loan is commonly used for debt consolidation, combining multiple debts into a single fixed-rate loan. The ASX-listed lender offers a soft credit check before a formal application, whic…

  • Soft credit check allows rate estimate without credit file impact
  • Rates from 6.49% p.a. competitive for consolidation of high-rate debt
4.4
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Plenti offers personal loans for debt consolidation from AUD 2,000 to AUD 50,000, with rates starting at 6.57% p.a. The ASX-listed lender uses Open Banking to verify income and streamline the assessme…

  • Competitive rates from 6.57% p.a. for qualified applicants
  • Open Banking integration for faster income verification
4.4
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SocietyOne offers personal loans for debt consolidation from AUD 5,000 to AUD 50,000 with fixed rates. One of Australia's original fintech lenders, SocietyOne uses risk-based pricing to reward borrowe…

  • Competitive rates from 6.99% p.a. for strong credit profiles
  • Fixed rate provides repayment certainty over the loan term
4.3
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MoneyMe's personal loan can be applied to debt consolidation, with same-day funding available for eligible applicants. The ASX-listed lender offers loans from AUD 2,000 to AUD 50,000 with terms from 1…

  • Same-day funding enables fast debt consolidation
  • Short terms from 12 months for aggressive debt payoff
4.2
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Guide: Debt Consolidation Loans Australia

Reviews of debt consolidation loan products available in Australia in 2025. All lenders hold an Australian Credit Licence and must assess whether consolidation is suitable under responsible lending obligations. Combining multiple debts into one loan may reduce overall interest costs depending on individual circumstances.