Roll your debt into one easy payment with a debt consolidation loan!
Looking for the easiest debt consolidation loan? Look no further! Swoosh Finance offers small loans to consolidate debt for Aussies with low and even very low credit. Get a small loan today to combine loan and credit card debt into one manageable payment.
Apply now for a debt consolidation loan of up to $5000.
Find out about
debt consolidation loans!
What is a debt consolidation loan?
A debt consolidation loan is the process of combining all your debt and liabilities into one easy-to-manage loan. Keeping track of multiple debts can quickly snowball into something unmanageable. With a debt consolidation loan, you only have to worry about one repayment. You can combine different types of debt, including:
- Credit cards
- Medical debt
- Student debt
- Personal loans
Even though a debt consolidation loan won’t get rid of your payments, it can make it easier to pay off in the long run.
How to apply for a debt consolidation loan
Our application process is 100% online, meaning you can go it from home, work, or on the go. You can apply today in just three easy steps.
1. Complete an online application in just minutes.
2. Get fast approval within 60 minutes of receiving your information, during business hours*.
3. Once approved, an offer is sent to your email for you to sign. Once signed the funds are transferred directly into your bank account.
How fast can I get a debt consolidation loan?
Here at Swoosh, we pride ourselves on fast, easy loans. It’s why we’ve streamlined the application process so you can get it done in minutes! Once submitted, our team will review your information. If approved, you could have funds in your account the same day you applied*!
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Structure for Debt Consolidation Loans
At Swoosh, there are no nasty surprises or hidden fees. We’re upfront about costs, so here are all of the details on our secured loans:
| Online cash loan amount | $2200-$5000 |
| Application Fee | $0 |
| Online cash loan amount | $400 |
| Other Fees | $20 |
| Annual interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Flexible repayment options | Weekly, fortnightly or monthly (based on your payday) |
At Swoosh, we communicate upfront and honestly, making our online loans simple to understand and quick and easy to complete.
Fees and interest rates:
Our loans for car repairs can be paid back over 12 months. There are no hidden charges, monthly fees and no penalties for paying back your loan amount quicker – so you can pay it back as soon as you are ready. Find out more.
- $0 application fee (even if your application is not approved)
- Establishment Fee – $400 (included in the loan)
- PPSR and Security Check – $20 (included in loan)
Keep in mind that you may incur additional fees and charges each time you miss a payment, and this may affect the length of your loan.
Interest is calculated daily based on the outstanding balance and applied to your account. Interest rates are fixed for the loan term — so you know exactly what to expect. If a scheduled payment is missed or returned unpaid, we may issue a $39.95 debit dishonour fee.
Can I get a debt consolidation loan with bad credit?
Yes, it is possible to get a consolidate your debt with a loan even if you’ve been impacted by bad or poor credit in the past. Our team believes your credit history should be just that – history. We’re more focused on your current financial situation, which means evaluating whether you have the ability to repay the loan now, not some time in the past. That way you can still get a debt consolidation loan with bad credit to help you find financial freedom.
Eligibility criteria
We’ve made it as simple as possible, so you can apply for a loan with Swoosh today.
Be over 18 years old
Citizen/Permanent Resident of Australia
Employed for at least 3 months
Own a vehicle registered in your name
Debt Consolidation Loan FAQs
Is there guaranteed approval for bad credit debt consolidation loan applications?
We cannot offer guaranteed approval no matter what. But at Swoosh you can get a debt consolidation loan even if you have bad credit. We look at the ‘here and now’ of your financial situation, assessing everyone on an individual basis. In this way, we’re able to offer debt consolidation loans for bad credit to a wider range of people who might otherwise struggle to get approved.
Are there no credit check debt consolidation loans?
Swoosh does conduct a credit check as part of our responsible lending practices, but we always offer a fair go to everyone, even those with bad or very bad credit.
Does a debt consolidation loan affect credit score?
There may be a small temporary dip in your credit score at the start because lenders need to do a ‘hard’ credit check. But because you’re only paying off one loan, it’s easier to keep track of your finances and pay on time, which will have a positive impact on your credit file.
Contact us to get your questions answered, or to discuss your individual case.
**WARNING:This comparison rate is based on the Swoosh Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable. Different terms, fees or other loan amounts might result in a different comparison rate.
More Debt Consolidation Loan FAQs
Does a debt consolidation loan really work?
Yes, it works to simplify your debt situation. Instead of paying off multiple loans and having to keep track of all the monthly payments, you only need to focus on one. And because you only need to pay one set of fees, interest, and monthly payments, you may end up saving money.
Is it easy to get loans to pay off debt with bad credit?
With Swoosh, it’s as easy as 1-2-3.
1. Complete an online application.
2. Provide the requested information.
3. Sign the offer email!
How quickly can I get a debt consolidation loan?
Our 100% online application only takes minutes to fill out. Once received, we can get you the money you need on the same day.
Do you need a job for a debt consolidation loan?
One of our eligibility requirements is that you have been employed for at least 3 months. However, it does not need to be full time or permanent employment.
What interest rate will I get?
All our fees and rates are clearly displayed on our Payday Loan Rates and Fees page.
What will my repayments be for a payday loan?
You can see your repayments up front by using our personal loan repayments calculator.
Want to chat to someone?
Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
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The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.
