Debt Consolidation Loans

Debt consolidation made easy

If you have more than one loan and are juggling multiple repayments, debt consolidation could be an option for you. Streamlining your existing loans into one new loan with Credit24 may help you keep your repayment costs down.

How it works

Apply for a loan with Credit24 and select the ‘Pay-out existing loans’ purpose

Our team will verify your application and conduct our lending checks

You must be employed and get paid into your bank account

For debt consolidation you must apply for a new loan of at least $2100

If you are eligible we will call you for more details on your current loans, such as your loan reference numbers, and work with you to pay out your existing loans through issuing a new Credit24 loan

If you are considering Credit24’s debt consolidation option, you might want to do some checks beforehand:

Check the repayments on each of the loans you want to consolidate

Check the fees or charges on each of these loans, including whether there are any fees for exiting the loan early, such as an early repayment fee

Compare the total cost of the loans you want to consolidate with the estimated cost of a loan with Credit24. You can use the Credit24 calculator to estimate your repayments

A loan of $2,500 loan over 12 months will have total repayments of $3690.04.
Loan terms: 6 – 36 months. Maximum APR: 48%

How to apply

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Complete the simple online application form.

Submit your application

Our team will quickly review your application, we won’t keep you waiting.

Get your cash

Pending approval your money will be transferred. You could get your cash the same day*

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*Same day transfers applications approved during business hours.

Ready to apply?

When you are sure of what you need, collect everything from the list below and you can complete your application in just 5mins! Here’s a quick checklist.

To be eligible for a Credit24 loan you must:

Be a permanent resident or Australian citizen
Be aged 18 years or over
Be employed and get paid into your bank account
Have a reasonable credit history
Earn at least $600 per month

You will need to provide:

Your mobile number
Your email address
Your driver’s license details (if you have one)
Access to your bank account’s online banking service or the last three months of statements (paper or digital)