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Debt consolidation Loans debt consolidation personal loans 

Secured or unsecured personal loans for debt consolidation   

If you are holding multiple credit cards, personal loans or car loans with a higher monthly repayment or a short term loan with higher interest rate and repayments, we can assist you to consolidate your debts into one personal loan or mortgage.


Let's face it, we all have a different reason for wanting to consolidate ourdebts, the one thing we all have in common is the knowledge of the fact that debt consolidation loans are the best way to relieve financial pressure whatever the reason for the decision to consolidate.

 

For Example, below are different reasons people come to us for debt consolidation;

 

Get your debt paid off in the end and escape the debt wheel.

 

  • · If you are consolidating multiple credit cards into a personal loan style debt consolidation loan that means you are getting the benefit of paying off your debt over a certain period of time (e.g. 3 - 7 years) rather than repaying the interest and principal over a 30 year period as can often be the case with paying the minimum repayment using credit card debt.  This can save thousands in repayments.  The way this is actually achieved is generally by obtaining a lower interest rate personal loan that your credit card, so the extra money you may have been paying in interest is now used to pay off the principal amount of debt over a period of time.

 

 

 

  • · If you are consolidating a personal loan or a car loan, actually you are refinancing your debt to a extended period of time to lower down your repayment. The benefit is you will free up some cash to manage your regular expense.

 

 

 

  • · Short term loans basically involve higher amount of monthly commitment for a short period of time. The higher interest for the loan is also another reason for extra monthly repayments. Consolidating sort term loans can make your life easy with a lower monthly repayment and better rate..
  • Increase your borrowing capacity before applying for a Home loan or other necessary debt.  It's common for people who have made purchased many years ago of car's with original loan amounts of $30,000 upwards to be paying monthy repayments of $1000 or more per month, however may only owe say less than $10,000.  When applying for a Home loan, the chances are, if your income is not substantial for both yourself and partner or if you are single, the bank may decline you for the Home loan, since your current monthy commitments are too high, even though the car may be due to be repaid over the next 8 months.

Solution:   By re-amortising the loan over a longer period (e.g. 3 Years, the monthly repayments of $1,000 per month can be reduced to approximately $254 per month.  This gives you the ability to use the extra $746 per month saved towards the home loan, therefore you will be more likely to meet the "Servicability requirements" when your home loan is being assessed.  The great news is, that we also have a mortgage side to our business with over 36 lenders, therefore we are a one stop shop who can help you strategise your current debts in order to meet the banks lending criteria in the end.

 

 

 

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Debt consolidation loans
Debt consolidation Loans
 
Debt consolidation loans
debt consolidation personal loan

We can arrange secured or unsecured personal loans or blend of both in one personal loan account to consolidate your debt. When you are paying off a car loan you can use the car as a security to get a better rate for the loan. Depending on your financial situation we do the pre-assessment for your loan and confirm you the maximum amount possible to consolidate.


We will help you to understand typical policy and requirements of the lender that you can submit your application to the right place other than applying everywhere and get it declined.