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Pay it off fast with a debt consolidation loan

Simplify your finances and clear your debts faster. Handy’s low-interest debt consolidation loan lets you bundle all your existing debts into easy repayments, so you can start saving and pay it all off in one.

$2-75k Loan Amounts

$0 Monthly Fees

$0 Early Repayment Fees

1-7 yrs Flexible Loan Terms

The Process

3 quick and easy steps to securing your loan

Get a Free Quote

Obtain an indicative rate quote in minutes, without impacting your credit score!

Apply in Minutes

If you’re happy with your Quick Quote, you can finalise the application online. No printing. No paper. No fuss.

Get Your Funds

You will receive an indicative decision in seconds. Once approved funds should be in your account within 24 hours

Get a quote
Get a Free Quote icon
Get a Free Quote icon
Get a Free Quote icon

Get a Free Quote

Obtain an indicative rate quote in minutes, without impacting your credit score!

Review
Apply in Minutes icon
Apply in Minutes icon
Apply in Minutes icon

Apply in Minutes

If you’re happy with your Quick Quote, you can finalise the application online. No printing. No paper. No fuss.

Get funds
Get Your Funds icon
Get Your Funds icon
Get Your Funds icon

Get Your Funds

You will receive an indicative decision in seconds. Once approved funds should be in your account within 24 hours

Debt consolidation loan calculator

A debt consolidation loan is all about simplifying your finances, and getting out of debt sooner. Estimate your repayments with our calculator.

Calculator
Calculator
$25000
4 Years
Select repayments type
Your Repayments From
$254.85
per week
This will not impact your credit score
Indicative Rate From
6.57%
Comparison Rate From
7.19%
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
Fund
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
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Consolidate your debts into one
Credit card debt consolidation
Refinance to a lower rate and repayment
Clear your debts fast

Handy makes money simple

Take control of your finances and save on interest by combining your existing debts into one easy-to-manage loan. Our Handy Finance Debt Consolidation Loans are here to make coordinating your finances simple.

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A quote won’t impact your credit score

Handy Guide

Understanding debt consolidation loans

Handy Guide

What is debt consolidation?

Debt consolidation means taking all your different debts, like what you owe on credit cards or other loans, and putting them together into one single loan. This way, instead of having to keep track of lots of different payments, you just have one monthly repayment to think about. Often, this can mean you end up with a better interest rate too, which can save you money.

How does debt consolidation work?

We settle customers’ existing debts, which wraps their loans into one simple payment with Handy Finance. This leaves you with just one weekly, fortnightly or monthly repayment to handle. By doing this, you could benefit from a lower interest rate, simplifying your repayments and making the whole process a lot smoother.

Navigating your decision

Factors to consider before applying 

When thinking about a Handy Finance Debt Consolidation Loan, it’s great to know that we’ve got some key advantages for you:

  • Low-Interest Rates: We offer competitive rates that can make consolidating your debts more beneficial.
  • No Hidden Fees: The only fee required for your loan is an establishment fee. As long as your scheduled repayments are made on time, you will never have to worry about unexpected fees when borrowing with Handy Finance.
  • Flexible Loan Terms: Our loans come with terms ranging from 1 to 7 years, giving you the flexibility to choose a plan that fits your financial situation and goals. We also have flexible repayment options – choose to pay in weekly, fortnightly or monthly instalments.

Benefits of choosing Handy Finance

Choosing Handy Finance’s personal loan for debt consolidation means you’ll see a whole heap of benefits, including:

  • Keep it Simple: With just one loan to think about instead of many, managing your money gets a lot easier.
  • Low Interest Rates: We offer interest rates that are competitive, helping you to pay back your loan more comfortably.
  • Personalised Help: At Handy Finance, we make sure your debt consolidation loan suits your own financial situation and needs.

Frequently Asked Questions

Debt consolidation specifics

You can use a Handy Finance Debt Consolidation Loan to combine all your different debts, like credit cards and other loans, into one. This makes things much simpler because you’ll have just one repayment to manage. It’s an excellent method of clearing your debts in a structured and organised way.

Debt consolidation loans can be a smarter choice than credit card balance transfers. They help you put all your debts into one loan with usually a lower interest rate, making it simpler and often cheaper to pay back. Unlike balance transfers, which can lack a clear repayment plan, our loans give you a structured way to pay off your debt. Plus, with a debt consolidation loan, you get the benefit of longer loan terms – at Handy Finance, we offer loan terms of up to seven years – which is great if you have a lot of debt and need to keep your regular payments as low as possible.

Eligibility and application process

You won’t have to wait long for a decision on your debt consolidation loan application with Handy Finance. We give you an indicative decision in just minutes. If you’re approved, the funds can be in your account within 24 hours, letting you get started on sorting out your finances quickly.

After your debt consolidation loan is approved by Handy Finance, we work fast to get the funds to you. Just like our application process, the fund transfer is quick, too. You’ll have the money in your account within 24 hours of approval, so you can start consolidating your debts right away.

To be eligible for this loan with Handy Finance, there are a few boxes you’ll need to tick:

  • You should be 18 years old or over.
  • You must be a citizen or permanent resident of Australia.
  • Make sure you don’t have any outstanding or unpaid defaults.
  • You shouldn’t have a history of bankruptcy or be part of a court judgment.
  • You need to be free from financial hardship with other providers.
  • It’s important to have a regular income from active employment.

 

Meeting these criteria helps us make sure our loans are a good fit for your financial situation.

Loan management and repayments

Making repayments on your Handy Finance debt consolidation loan is easy. We’ll take the payment directly from your account on a schedule that works for you – that could be every week, every two weeks, or once a month. Just pick the option that fits best with your budget.

No, there are no extra charges if you decide to pay off your debt consolidation loan faster with additional payments. Feel free to pay more whenever you can without worrying about any extra fees.

To avoid late fees, it’s important to make sure your debt consolidation loan repayments are on time. We’ll help you set up a repayment schedule that’s easy to follow. If you need help keeping up, just get in touch with us at 1300 990 115 or [email protected], and we’ll try to find a way to help you out.

Interest rates and fees

Whether you need to provide security for a debt consolidation loan from Handy Finance depends on your application details and the amount you want to borrow. In some cases, having security, like a car, might make your loan application stronger. We take a careful look at your financial situation to make sure the personal loan we offer is right for you. For more information on what might be needed for your specific loan, you can contact a member of our team to find out details specific to your application and needs.

All our Handy Finance Debt Consolidation loans come with fixed interest rates. This means your interest rate won’t change for the entire time you’re paying back the loan. Fixed rates are great because they give you certainty; you’ll know exactly how much you need to pay each month, making it easier to budget and plan your finances.

In a Handy Finance debt consolidation loan, the interest is worked out based on how much of your loan amount you still owe. We calculate this regularly, which could be every day or month. As you pay off the loan, the amount you owe goes down, and so does the interest you pay on it. This means that with each repayment, you’re chipping away at both the loan amount and the interest, making it a practical way to manage and pay off your debts.

Credit score Implications

A Handy Finance Debt Consolidation Loan doesn’t necessarily hurt your credit score. If you manage it well, it can actually help improve your score. When you first apply, there might be a small, short-term dip in your score because of the credit check. But, if you keep up with your repayments and manage the loan responsibly, it can show that you’re good with money, which can boost your credit score in the long run.

General debt consolidation loan information

Traditional bank lenders tend to have higher operating costs, resulting in higher rates. Handy Finance keeps rates low by keeping operating costs down and remaining focused on our mission – allowing people to live life to the fullest.

Fixed-rate loans are completely transparent from day one – because the rate doesn’t change, you know exactly how much you will be repaying and how often for the entirety of your loan.

Handy Finance ensures borrowers with a good credit history are rewarded with better rates. We will offer you an interest rate based on your personal credit history and evaluation against our credit scorecard. You can receive an indicative rate estimate in just a few minutes via our online application form. Any estimates provided do not constitute an offer or approval of finance. Your repayment amount and interest rate will be confirmed if an application is submitted and approved.

With Handy Finance, you can repay your debt consolidation loan for up to seven years. Repayments are made weekly, fortnightly or monthly.

Repayments on our loans can be made weekly, fortnightly or monthly. You must use direct debit for all scheduled repayments. To make repayments ahead of schedule, log into your borrower dashboard and do so using BPAY.

If financial hardship is making repayments difficult to meet, please contact the Handy Finance team at 1300 990 115 or [email protected]

Our debt consolidation loans range between $2,001 and $75,000, depending on how much you need, your income and your credit rating.

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Have questions? Handy Finance can help

For more information about loans with Handy Finance, check out our helpful resources, get in contact with our team on 1300 990 115 or complete our online enquiry form.

Simplify your finances with a low-rate debt consolidation loan

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A quote won’t impact your credit score