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Debt Consolidation Loan Australia
Juggling multiple debts, credit cards, personal loans, buy-now-pay-later, can be stressful and expensive. A debt consolidation loan rolls everything into one manageable repayment at a single, often lower, interest rate. Our brokers compare 20+ lenders to find the most competitive rate for your situation.
Avg Cost
$5,000 – $50,000
Rates From
6.99% p.a.
Up To
7 years
Get Your Personalised Rate
No impact to your credit score
Quick answer
What is Debt Consolidation Financing in Australia?
Debt Consolidation Financing in Australia is a broker-matched personal loan used to cover the cost of debt consolidation and related medical expenses. Loan amounts range from $2,000 to $100,000 over terms of up to 7 years, with rates from 6.99% p.a. depending on credit profile. Typical costs for debt consolidation in Australia sit between $5,000 – $50,000. CosmediLoans compares offers from 20+ licensed Australian lenders through a single soft-credit inquiry that does not affect your credit score. Pre-approval decisions typically return within hours, with funds released in 1-3 business days and early repayment permitted without penalty on most products in the network.
How Much Does Debt Consolidation Cost in Australia?
Costs vary depending on complexity, location, and provider. Here are typical price ranges across Australia.
| Procedure | Typical Cost (AUD) |
|---|---|
| Small Consolidation | $5,000 – $10,000 |
| Medium Consolidation | $10,000 – $20,000 |
| Large Consolidation | $20,000 – $30,000 |
| High-Balance Consolidation | $30,000 – $50,000 |
* Prices are indicative and based on average Australian provider data. Actual costs may vary. Last updated March 2026.
Quick answer
Debt Consolidation Financing in Australia
A debt consolidation personal loan can reduce your overall interest rate and simplify multiple repayments into one. Our brokers compare 20+ lenders to find the best consolidation rate for your credit profile.
Debt Consolidation Financing Repayment Examples
See what your repayments could look like at different loan amounts and terms.
$10,000 loan
$309/mo
6.99% p.a. over 3 years
Total Repayment
$11,114.11
Total Interest
$1,114.11
$20,000 loan
$415/mo
8.99% p.a. over 5 years
Total Repayment
$24,904.2
Total Interest
$4,904.2
$40,000 loan
$685/mo
10.99% p.a. over 7 years
Total Repayment
$57,513.72
Total Interest
$17,513.72
* Repayments are indicative only. Actual rates depend on your credit profile. Use our calculator for a detailed breakdown.
How Debt Consolidation Financing Works
From enquiry to funded in as little as 24 hours. Our streamlined process makes financing debt consolidation simple.
Tell Us What You Need
Fill out our 60-second form with details about debt consolidation and the estimated amount. No credit impact.
We Shop 20+ Lenders
Your dedicated broker compares rates across our network to find a competitive financing option for debt consolidation.
Get Funded & Book In
Accept your personalised offer, receive funds (often same-day), and book your procedure.
Why Finance Your Debt Consolidation With CosmediLoans
We specialise in medical procedure financing and work with you every step of the way.
Lower Interest Rate
Replace high-rate credit card and BNPL debt with a single personal loan at a lower fixed rate, reducing total interest paid.
One Simple Repayment
Combine all your debts into a single monthly repayment, making budgeting easier and reducing the risk of missed payments.
Fixed Rate & Term
Unlike credit cards, a personal loan has a fixed rate and a defined payoff date, so you know exactly when you'll be debt-free.
Debt Consolidation Financing FAQ
Common questions about financing debt consolidation in Australia.
Payment Plan Guides
Compare payment paths before choosing a lender, clinic plan, or short-term instalment option for debt consolidation.
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No impact to your credit score · Takes 60 seconds