Debt Consolidation Loans

One payment. Zero fees.

Simplify your debt into a single payment with a no-fees loan.

From 6.75 % pa Interest rate
From 6.75 % pa Comparison rate*

Take control of that nasty debt, fast.

A NOW Finance debt consolidation loan helps you take control of expensive debt like credit cards and other loans.

And if your application’s successful, the money’s with you in as little as 24 hours.

No fees

Forget about fees. Our personal loans are fee-free, forever. No ifs or buts about it.

Uniquely yours

Like a custom-tailored suit, your rate is made just for you. Get your personalised quote in less than 2 minutes.

VIP service

You’ll have a dedicated personal loan consultant to steer you through the entire process.


The Details

If you’re eligible and approved, you’ll have that money in your hands in as little as 24 hours.

You can choose a fixed term from 18 months to 7 years. But if you’d prefer something flexible, you can do that too.

ProductNOW Personal Loan
Interest RateFrom 6.75% p.a. (Unsecured)
From 6.75% p.a. (Secured)
Comparison RateFrom 6.75% p.a.* (Unsecured)
From 6.75% p.a.* (Secured)
Loan Amount$5,000 – $50,000 (Unsecured)
$15,000 – $100,000 (Secured)
Loan Term18 months – 7 years
Loan Fees$0 – No Fees
Upfront Fees$0
Early Exit Fees$0
Missed Payment Fees$0
Ongoing Fees$0

1. Get your rate

It takes 2 minutes to get your personalised quote without impacting your credit score.

2. Apply online

Complete your online application and get a response in 2 minutes.

3. Money in your account

Access your funds within 24-48 hours of being approved.


The people’s choice

With more than 1,700 5-star reviews, you won’t be the only one loving your loan.

Really quick turn around, better interest rate than my previous bank, a very uncomplicated process with a team that looked after me every step of the way.


Darren loves NOW Finance

Personalised rates and personal service. Darren shares his experience with NOW Finance.


Debt Consolidation, explained

A debt consolidation loan brings multiple personal debts together into one easy-to-manage personal loan. You simply have one interest rate and one repayment to make.

Debt consolidation loans are similar to personal loans. They are generally unsecured loans, so the interest rate will be higher than a secured loan. NOW Finance can provide very competitive rates of interest. To find out more, see for yourself how it works.

Consolidating debt into a new home loan is possible but check with a bank or other home loan providers first. This strategy is less than ideal, as you may end up stretching your short-term debt repayments over a lengthy period.

A debt consolidation loan will negatively affect your credit score when you make an initial inquiry. The good news is that if you make your repayments on time, you can improve your credit rating. If you default on a debt consolidation loan, you will receive a bad credit rating.

Rolling multiple debts into one debt consolidation loan is a good idea if you need an easier way to manage your repayments. It’s also an excellent way to avoid paying excessively high-interest rates, which can quickly happen with credit card debt. Debt consolidation is only a good idea if your lender is trustworthy, like NOW Finance, and able to provide competitive rates along with no fees.

If you have a good credit rating, a debt consolidation loan can be easy to attain. NOW Finance makes applying for a debt consolidation loan especially easy. You can check your eligibility online before making an application, and you can also talk to one of our personal loan advisors if you have any questions.

Improve your chances of getting approval for a debt consolidation loan by:

  • Requesting a copy of your credit report and correcting any errors
  • Paying off some debts
  • Drawing up a budget and knowing how much money is coming in and how much is going out

What should I know about a NOW Finance debt consolidation loan?

There’s no need to juggle more than one debt. Whether it’s credit cards or personal loans, there is a more straightforward way. It’s called a debt consolidation loan.

A debt consolidation loan helps you combine all your personal debts into one easy-to-manage personal loan. When you bring all your debt together, you can potentially save both time and money. You also gain some financial breathing space.

With NOW Finance, you can consolidate up to $50k with an unsecured loan. You make one regular weekly or fortnightly repayment with a fixed interest rate. A debt consolidation loan is an excellent way to take back control of your money — and your life.

Debt consolidation loans you can trust

Whether your personal debts add up to a small or large sum, NOW Finance can help. We provide debt consolidation loans in Australia for amounts ranging from $5K to $50K.

With a debt consolidation loan from NOW Finance, not only will you simplify your debts, but you’ll also get complete peace of mind over your finances. Customers consistently give NOW Finance 5-star review scores on Trustpilot and Product Review. NOW Finance has also scooped several InfoChoice Banking Awards.

NOW Finance is not a bank — our debt consolidation loans come with a very high level of customer service. You’ll find us friendly, professional and easy to deal with. You’ll also have your own personal loan advisor to help you with the application process and answer any questions you may have about your debt consolidation loan. Learn more about how it works when you choose NOW Finance.

Competitive interest rates

NOW Finance provides very competitive interest rates on debt consolidation loans in Australia, as with all our loan products. Getting a competitive interest rate is important as one of the primary purposes of a debt consolidation loan is to pay less interest.

And because we specialise in personal loans, we’re an excellent alternative to banks and other financial institutions.

No fees

NOW Finance has no fees. Our comparison rates are identical to our interest rates. This makes it easier to shop for a debt consolidation loan and compare prices with other lenders.

No fees mean no fees at NOW Finance. There are no establishment fees, no monthly fees, no fees for extra repayments and no early repayment fees.

Get on top of your repayments

With a debt consolidation loan from NOW Finance, you can make repayments either weekly or fortnightly. The repayment period can range from 18 months to 7 years.

The repayments are fixed — in other words, you pay exactly the same amount of money each week or fortnight. The repayment terms are flexible, too. NOW Finance will help you choose a repayment schedule that’s fits your lifestyle and budget. That way, you’ll be able to pay off your debts sooner rather than later.

There may be times when you want to make extra repayments on top of your regular repayments. NOW Finance lets you do that without hitting you with additional fees.

Explore the other reasons as to why NOW is a smart choice for debt consolidation loans.

Easy online application

To find out if you’re eligible for a NOW Finance debt consolidation loan, use our online eligibility check.

Are you ready to unlock the power of NOW for simpler, stress-free debt management? Call us today to get started.

Ready to make your next move?

Get your personalised quote in 2 minutes