Personal loan consolidation for savings and peace of mind
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?
Benefits of personal loan debt consolidation
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.
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
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
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.
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.
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.
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.
The timeline will differ from lender to lender, but on average we advise anywhere from 4 to 7 weeks as a guide.
Why wait? Speak to a Loan Gallery finance broker to get the process started.