Consolidation Loans
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Debt Consolidation Loans
If you’re juggling payments on multiple loans, a debt consolidation loan may be the answer. A Debt consolidation loan combines your existing debts into one simple new loan, with one interest rate and one regular payment.
Debt Consolidation loans can be useful for managing higher interest loans or credit cards.
DEBT CONSOLIDATION LOANS FOR
Paying out credit cards
Consolidating credit cards into a debt consolidation loan can save you paying unnecessary interest.
High Interest Car Loans
Refinancing a higher interest rate car loan can help reduce repayments and save interest.
Business Finance
Consolidating Asset & Unsecured Business Loans into 1 manageable payment to free up cash flow.
Types of Debt Consolidation Loans Available
Secured Loans
Information
Secured loans offer the most competitive interest rates with loan terms ranging from 1 – 7 years. Secured loans use either new or used assets such as cars, caravan or boats as security for the loan. The benefit can be lower interest rates for you.
Unsecured Loans
Information
Unsecured loans offer flexibility with loan terms ranging from 1 – 7 years. Unsecured loans are used generally by banks for debt consolidation and usually have a maximum loan amount of $50000
COMMON QUESTIONS
Debt Consolidation Loans can be used to payout existing car or asset loans, higher interest personal loans, credit cards or existing smaller debts.
A debt consolidation loan is essentially a personal loan which can be secured against an asset (ie: car, motorbike, caravan etc) or fully unsecured. Consolidation Loans can help refocus on budgeting and establishing a savings plan by rolling existing debts into one manageable repayment.
Balance transfers can be a good option if consolidating smaller amounts and sticking to a repayment plan to clear the debt before the interest free period ends. Most credit cards revert to a higher interest rate after the honeymoon period, so any outstanding amounts are going to incur a significant interest component which can be higher than a debt consolidation loan interest rate.
To apply for a debt consolidation loan, you will be required to provide some details. Generally the more information you can provide the more options will be available to you.
Information to assist with debt consolidation loans include:
Loan Statements of accounts you are wanting to consolidate
Credit Card Statements (if consolidating)
Payslips
Bank Statements (if applicable)
The simple answer is, Yes. We have lenders and loan products on our panel that can assist if you have bad or poor credit history. As everyone’s circumstances are different, so are the lenders guidelines and our finance consultants are experienced in sourcing a suitable loan to meet your requirements.
Yes, by consolidating your existing loan, whether it be a car loan, caravan, personal loan or credit card, you can move the debt into your name. If the asset is registered in both names, you may need to gain authority from your ex-partner before clearing the debt.
Security is usually not required for a consolidation loan, however if you’re borrowing larger amounts, by using your current vehicle as collateral for the loan can provide comfort to the lender helping your loan be processed smoothly.
CONSOLIDATION AVAILABLE FOR
Paying out higher interest loans
Paying out Credit Cards
Paying out Other Debts
Removing Spouse from Loan
Manageable Repayments
CALCULATE YOUR REPAYMENT
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Why Choose Us?
We make debt consolidation loans easy. Whatever your requirements and whatever your financial situation, we’re on your side. We’re backed by national buying power, which means that we’re in the best position possible to negotiate better, more affordable finance rates for you.
Whether you’re paying out higher interest car loans, wanting to clear out those annoying credit cards that never seem reduce their balance or clear out other debts; Make the smart choice by talking to one of our dedicated finance consultants today.
We’ve helped thousands of Australians find their loan.
email: Murphysherry303@gmail.com
WhatsApp :+ 13153028128
Kept me informed at every step, and hid nothing from me, if I was to get another loan as such Kim at icredit would the person I would go to hands down every time.
Very easy and approachable person.
Thank you especially to Christene Pyle. For the great help she gave me.
Especially Scott Collins who made my application for a new work vehicle so easy
Loans from $5000
Flexible Payment Options
Loan Terms 1 – 7 Years
Low Interest Rates
Obligation Free
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iCREDIT Debt Consolidation Loans are available throughout Australia, Melbourne, Sydney, Adelaide, Hobart, Darwin and Perth, Gold Coast, Palm Beach, Burleigh Heads, Tweed Heads, Brisbane, Ipswich, Sunshine Coast, and Queensland Today!
*Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Credit assistance provided by iCREDIT Australian credit licence 499023. ^Comparison rate for Secured Loan is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. **. Interest Rate: 5.49% Comparison Rate: 6.71%