Australia consolidating secured personal loan

by  |  01-Aug-2019 15:02

Costs such as redraw fees or early repayment fees, and cost 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, mandatory fees, loan amount and term entered.

But you never know when you'll land that work promotion or end of year bonus.

So if you find yourself with extra money in your pocket down the track you'll want to make sure the debt consolidation loan you sign up with gives you the ability to pump it straight into paying off your loan.

Each Australian banking provider has its own criteria for consolidation loan qualification so it will depend on the amount of debt you’re in and your credit history.

It is unlikely you will qualify for an unsecured loan if you have bad credit history, have been bankrupt in the last 10 years, or you are currently unemployed.

Compare debt consolidation loan rates, fees and features in the table below.

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