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Personal loan consolidation for savings and peace of mind

Time to lighten the load financially?

Are you drowning in admin and tracking multiple payments from a number of different personal loans? Rolling all of your existing debt into a single loan can make your debt easier to manage and can save you money too.

Personal loan consolidation can help you to access a lower interest rate. You’ll not only be able to save on monthly payments, you’ll also save on loan fees too.

The Loan Gallery team are experienced finance and home loan brokers who can help you structure your finances in a way that helps you to consolidate debt.

What is personal loan debt consolidation?

Personal loan consolidation can be beneficial when you are paying off multiple debts that are starting to feel overwhelming. A debt consolidation loan allows you to roll multiple credit products into one. So you can then make just one single monthly repayment, pay down existing debt and better manage your finances.

Benefits of personal loan debt consolidation

Manageable single repayment

Lower interest rate

Flexible repayment periods

Simplify your finances

Speak to broker to consolidate your debts

We help identify the right loan to work for your circumstances. Speak to a Loan Gallery Specialist to get started.

When to consider personal debt consolidation?

If you’re finding multiple monthly repayments hard to keep up with, reducing your debt to one manageable payment can be a way to simplify your finances.

You can roll credit card and personal loan debt into one manageable debt consolidation loan.

If you own a home and have equity available in your property, rolling your debt into an affordable loan with a lower home loan interest rate could be possible.

Our experienced financial brokers can help you to weigh up your options and put forward a debt consolidation solution that’s perfectly tailored to suit your needs.

The Loan Gallery difference

A personalised experience is at the heart of all that we do. You’re never just a number with us. We take the time to get to know you, your dreams and aspirations. So we can then identify the best way forward to achieve your goals.

We ensure we understand what it is you’re looking to achieve so we can recommend the loan structure and lender that’s going to be most beneficial for you.

It is our mission to do the right thing by you, every time.

How we help consolidate your debt

If you are looking to consolidate your debts here is the process on how we can help.

1. Gather info on all your debts

We will work with you to get a clear picture on what your existing debts are and how much you owe. We’ll look at what the existing interest rates and repayments are, as well as consider any break costs.

2. Determine what you can pay

Through getting to know you and your goals we can get a clear picture on what amount you can put towards paying off your debt each month.

3. Explore your options

Through our extensive lending network we will recommend the best solution for your needs.

4. Loan settles

We take care of all the legwork for you so it’s a smooth process to consolidate your debts and settle your new loan. We’re by your side through the process and can help you set up your one easy monthly payment.

Calculate how much you can save by consolidating your personal debts

Want to know more about debt consolidation?

What is debt consolidation?

Not sure if consolidating your debts is the right move for you? We take a look at what it can look like and what the benefits could look like for you.

Reasons I should refinance my home Loan

Things change, but when should you refinance your home loan? We look at a few common factors that may help you consider if this is the right move for you.

Frequently asked questions

Does consolidating my debt help me pay off my loan quicker?

Yes it can. To receive the full benefit of consolidating your debt into one loan with a lower rate, you need to be disciplined and keep your repayment amount equivalent to your current payments.

Can I consolidate credit card or other debts into a home loan?

This is one of the biggest reasons people refinance. You pay a much lower interest rate on a mortgage than with most other forms of debt (for example, credit card debt). Poviding you’ve got sufficient equity in your property, you may be able to consolidate all of your debt into a home loan.

Are there any Loan Gallery fees?

Our fees are paid by the bank and you pay no extra charges or interest rates to the lender either. We always choose the best loan for your circumstances – regardless of our commission.

What fees or costs should I budget for when consolidating my debt?

This will differ from lender to lender but normally there is no cost to pay out a credit card or personal loan. For a variable rate home loan you can expect approximately $800 in bank and government fees. For an existing fixed rate this may well be higher, it depends on the circumstances at the time.

How long does it take to consolidate my debt?

The timeline will differ from lender to lender, but on average we advise anywhere from 4 to 7 weeks as a guide.

Speak to a debt consolidation expert today

Why wait? Speak to a Loan Gallery finance broker to get the process started.