Why consolidate debt with an Unsecured Personal Loan?
Borrow between $2k-$50k
Consolidate several credit cards, store cards and personal loans into a single debt balance.
A single interest rate
Know how much interest you're paying on the combined debts at any one time.
One regular repayment
Keep track of a single regular repayment on the combined debt.
Set an end-date for your loan
Every repayment reduces what you owe and gets you closer to paying off your loan.
Redraw facility on variable rate loans
Redraw money from the amount you've repaid, provided you're at least $500 ahead on your repayments. Each request is subject to approval and a fee. 1
Flexible loan repayments
Choose a loan term of 1-7 years to suit your circumstances and make weekly, fortnightly or monthly repayments.
About our ‘from’ rates
You’ll notice we show our rates as being ‘from’ a certain level. That’s because we take a ‘personalised pricing’ approach to our lending. The actual rate we can offer may end up being higher, depending on our credit assessment as well as the personal information you’ve provided.
Note that even if a rate offered is higher, we will make clear what your regular repayments would be.
Variable rate
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From* 12.99% p.a. variable interest rate
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From* 14.06% p.a. comparison rate^
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1-7 years flexible loan term
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Pay your loan off sooner with fewer fees
Fixed rate
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From* 11.49% p.a. fixed interest rate
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From* 12.57% p.a. comparison rate^
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1-5 years flexible loan term
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Set repayments for simpler budgeting
Key fees
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$195 Establishment fee
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$12 Monthly administration fee
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$10 Per redraw on variable loans
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$150 Early repayment fee if you fully repay the loan within the first 12 months
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$100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term
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Break costs If you choose to repay your fixed rate loan early in full or prepay at least $5,000 in any 12 month period or if your fixed rate loan is in default - break costs may apply. These costs are equal to the reasonable estimate of our loss for breaking a fixed loan term. Please refer to the Personal Loan Terms and Conditions for more details.
The Detail
How to apply for a loan
More on debt consolidation
Learn how combining multiple debts into a single loan could help you simplify your debt and even pay less interest.
Calculators and resources
Use our online tools to learn more about your borrowing power and the types of loan we offer that could suit your purposes.
Frequently-asked questions
Learn from our selection of FAQ content to make the most of your loan’s features and capabilities.
Important information
Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please read the product disclaimer and Terms and Conditions (PDF 221KB) documents and consider your individual circumstances before applying for a St.George Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct as of 9 February 2021.
^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. 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.
Unsecured Personal Loan repayment terms range from 1 to 5 years for a fixed rate loan and 1 to 7 years for a variable rate loan. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years:
- The minimum interest rate for an unsecured fixed rate loan is 11.49% p.a. (Comparison rate 12.57% p.a.) with the estimated total amount payable including fees is $40,555.
- The maximum interest rate for an unsecured fixed rate loan is 17.40% p.a. (Comparison rate 18.44% p.a.) with the estimated total amount payable including fees is $46,136.
- The minimum interest rate for an unsecured variable rate loan is 12.99% p.a. (Comparison rate 14.06% p.a.) with the estimated total amount payable including fees is $41,932.
- The maximum interest rate for an unsecured variable rate loan is 18.90% p.a. (comparison rate 19.93% p.a.). The estimated total amount payable including fees is $47,617.
^^A Redraw facility is available on variable interest rate loans only. Redraw requests are subject to approval. Minimum redraw amount is $500 and a $10 redraw fee applies to each approved request. Other fees and charges may apply.
##Break costs are an amount equal to the Bank's reasonable estimate of its loss due to breaking the fixed rate period of the loan. Full details of costs refer to Loan Account Fees and Charges document (PDF 183KB).
Unless otherwise specified, the products and services described on this website are available only in Australia from St.George - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.