Debt Consolidation Loans
Debt consolidation made easy
Stop managing multiple debts and consolidate into simple monthly payments.
Take charge of your financial journey and join thousands of Australians who have trusted Plenti to consolidate debt, totaling over $340M.
What is debt consolidation?
Debt consolidation is the process of combining multiple debts - such as credit cards, personal loans, and store cards - into a single loan with one repayment date and amount. This can simplify your financial management by eliminating the hassle of juggling multiple different payments.
By opting for a debt consolidation loan, you also may be able to pay less interest overall, allowing you to save money and have a fixed date for your debt to be paid in full.
Debt consolidation calculator
Add in your debts below to calculate what your estimated monthly debt consolidation loan repayments could be
Prior to using this calculator, please see "Debt Consolidation Loan Calculator" in the Important Information section below to understand how this calculator works
Borrow up to $50,000 to consolidate your debts.
We offer an interest rate personalised to you when you apply to consolidate debts, with no monthly fees and no early repayment charges.
Borrow up to $50,000
1-7 year loan terms
Fast funds in as little as 24hrs from approval
$0 early repayment fee
$0 monthly fee
Personalised interest rate
Regain control of your finances
Accelerate your debt-free journey with the benefits of a debt consolidation loan.
Simplified Debt Management
Combining multiple debts into one debt consolidation loan streamlines your finances, reducing the hassle of multiple monthly payments. This makes debt payments more manageable and gives you a payoff date to work towards each month.
Interest Savings
Debt consolidation loans will often incur lower interest rates compared to your existing debts, helping you to save in the long term. You can also swap your variable rate for a personalised fixed interest rate for added ease.
See how our rates stack up
Compare our personal loan interest rates against the big 4 banks (including CommBank, Westpac, ANZ, & NAB)
Rates as of 11/03/2025.
Excludes any short term promotional rates. View the fine print for important information.
A faster, fairer borrowing experience
Debt consolidation is made easy with our simple 3 step process. Get a rate estimate.
Get your rate
1 minute, 10 simple questions. It's all we need to estimate the rate on your personal loan.
Apply in minutes
Complete your quick and easy application, all online.
Enjoy your funds
Once approved and accepted we’ll transfer your funds which could take as little as 24hrs.
Australia's most 5-star reviewed lender.
Experience a streamlined, 5-star financial solution with quick and easy application steps to help you make debt repayment more manageable.
Your questions answered
How does a debt consolidation loan work?
Debt consolidation involves combining multiple debts, such as credit cards and personal loans, into a single personal loan. For instance, consolidating debts of $2,500 and $7,500 on two credit cards into a $10,000 personal loan can simplify your financial management as this results in one set of recurring repayments with a single interest rate and term.
What should I consider before consolidating debts?
Am I eligible for a Plenti debts consolidation loan?
What are the benefits of a debt consolidation loan?
How do I consolidate my debts?
What is the difference between a fixed interest and variable interest debt consolidation loan?
Are you looking for another type of loan?
Learn more about debt consolidation
We know debt can seem overwhelming and confusing, but our smart debt consolidation guides make understanding your finances easy.
Get your personalised rate
Apply in 10 minutes and you could get your funds as soon as the next day.