Why consolidate debt with an Unsecured Personal Loan?
Borrow between $2k-$40k
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.
Flexible loan repayments
Choose a loan term of 1-7 years to suit your circumstances and make weekly, fortnightly or monthly repayments.
Variable rate
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1-7 years flexible loan term
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From 12.99% p.a. variable interest rate *
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14.06% p.a. comparison rate^
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Pay your loan off sooner with fewer fees
Fixed rate
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1-5 years flexible loan term
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From 12.99% p.a. fixed interest rate *
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14.06% p.a. comparison rate^
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Set repayments for simpler budgeting
The Detail
How to apply for a loan
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
(you will also have to pay break costs on early repayment of a fixed rate loan) -
$100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term (you will also have to pay break costs on early repayment of a fixed rate loan)
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$9 Fee when a direct debit order for payment from another institution is dishonoured
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
Credit criteria, fees, charges, terms and conditions apply.
The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you. Read the above product disclosure documents as well as the Online Banking Terms and Conditions (PDF 273KB) before making a decision and consider whether the product is appropriate for you. If you need help, call 13 33 30.
^ Comparison rates help you understand the true cost of a loan. They usually include the annual interest rate plus most fees and charges. The above comparison rates are based on an unsecured personal loan of $30,000 over 5 years and are only true for this example. Interest rate ranges and representative examples are: Based on an unsecured loan of $30,000 borrowed for 5 years with the minimum interest rate of 12.49% p.a. (13.37% p.a. comparison rate), the estimated total amount payable including fees is $41,470; and with the maximum interest rate of 19.99% p.a. (21.02% p.a. comparison rate), the estimated total amount payable including fees is $48,709. WARNING: This comparison rate applies only to the example or examples given and may not include all fees and charges. Different 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..