Compare debt consolidation loans with BrokerFi's calculator.
Calculate your potential savings and compare options from 40+ lenders, with instant results and no impact to credit file.
Debt consolidation scenarios
Simplify the way you manage debt.
Whether you're managing credit cards, personal loans or multiple repayments, BrokerFi can help you compare debt consolidation options.
Credit card debt
Combine multiple credit card balances into one loan with a single monthly repayment.
Personal and car loans
Bring together existing personal loans or car finance under one structured repayment plan.
Multiple repayments
Simplify multiple due dates, interest rates and lenders into one manageable account.
Financial stress relief
Get a clearer view of your finances and reduce the mental load of juggling multiple debts.
How BrokerFi helps
A simpler way to compare consolidation options.
We make it easier to compare debt consolidation options and understand what lenders may need before you apply.
Compare lenders
We help you look across suitable lenders rather than relying on one option.
Understand repayments
Get clearer visibility over possible terms, repayments and total costs across your debts.
Apply with confidence
Our process is designed to be credit-file conscious and easy to understand.
Get broker support
Speak with an expert Australian finance broker about your debt consolidation needs.
Compare debt consolidation options with BrokerFi
Compare debt consolidation options for credit cards, personal loans and multiple repayments with BrokerFi. Clear guidance from a Melbourne-based finance broker.
Our lenders
Calculator
Estimate your consolidated repayment
Add your current debts to estimate what one simplified repayment could look like.
How many car loans do you currently have?
Eligibility and documents
Know what lenders may look for.
Every lender is different, but these are common features, eligibility points and documents for debt consolidation applications.
Loan features
- Combine multiple debts into one manageable repayment
- Compare secured and unsecured consolidation options where available
- Flexible repayment terms depending on lender assessment
- Guidance on rates, repayments and total costs before applying
Eligibility
- Australian residents aged 18+
- Visa applicants accepted, excluding student, temporary and bridging visas
- Regular income from employment, self-employment or pension
- Credit history and affordability assessed by the lender
Documents
- ID documents such as licence and Medicare
- Payslips or proof of income
- Recent bank statements
- Extra documents may be requested depending on the application
FAQs
Common questions about debt consolidation.
How it works
How debt consolidation loans are assessed
Lenders look at your credit score, your total existing debt compared to your income (your debt-to-income ratio), and your repayment history on current debts. A solid track record of making payments on time signals reliability and can improve the rate you're offered. Even if your credit isn't perfect, many lenders still assess applications on a case-by-case basis.
Consolidating can simplify multiple repayments into a single, predictable payment each month, making it easier to manage your budget. The rate and terms you're offered depend on your overall financial profile - including income, employment stability, and credit history - not just the total amount being consolidated. This means the right lender for you may not be the one with the lowest advertised rate.
What lenders assess
- Your credit score and overall credit history
- Debt-to-income ratio
- Repayment history across all current debts
What changes when you consolidate
- One repayment instead of several
- Potentially lower overall interest
- A clearer repayment timeline
Related finance options
Looking at related finance options?
Explore other BrokerFi solutions that may suit your needs, goals, or next step.