Guy considering getting debt consolidation loans
      Guy considering getting debt consolidation loans

      Personal Loan for Debt Consolidation

      Pay off your outstanding debts with a no-fee personal loan. Consolidate payments and streamline your repayments today.

      ProductReview rating
      ProductReview rating
      Finder Awards 2024
      Finder Awards 2024

      Consolidate your debts with our no-fee personal loan 

      That’s why we’re here to help. A personal loan for debt consolidation could allow you to pay off outstanding debts of up to $100,000 (personal loans solely for car purchase limited to $50K).

      This could help streamline your finances, meaning you may only need to make a single payment each month. What’s more, a personal loan could have a lower interest rate than your other debts, allowing you to save on interest, too.

      Why choose a Pepper Money Personal Loan?

      No fees - for the life of your loan

      Get your personalised interest rate+ without impacting your credit score

      Secured interest rates starting from 6.75% p.a. comparison rate*#

      Pepper Money debt consolidation trio
      Rates based on your circumstances

      Rates based on your circumstances

      Get your personalised rate before applying. It won't impact your credit score.
      no fee personal loan

      No fees

      Ditch the fees and save with our no fee personal loan. No set up fee, no monthly fee and no early repayment fee.
      Quick loan turn-around

      Quick turn-around

      Complete your application and get a response in 2 minutes. Once approved, access your funds within 24-48 hours.

       

       

      What could my personal loan repayments look like?

      To help you plan your monthly budget, give our repayment calculator a try. It can estimate what your regular repayments might look like based on the amount you want to borrow using example interest rates.

      Your example interest rate and comparison rate is*# $

      Your estimated minimum repayment is $

      Ready to take the next step? Get your personalised rate upfront without impacting your credit score.

      Important information

      Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. All applications are subject to credit assessment, loan eligibility and lending limits. Terms, conditions, fees and charges apply. 

      The results of the calculator are based on information you have provided and is to be used as a guide only. It does not constitute a quote, pre-qualification, approval for credit or an offer for credit and you should not enter commitments based on it. The interest rates do not reflect true interest rates and the formula used for the purpose of calculating estimated personal loan repayments is based on the assumption that interest rates remain constant for the chosen loan term.  

      Your interest rate, repayments and interest payable will be different if a full application is submitted, and we complete our responsible lending assessment. The results of this calculator do not take into account any lender or government fees which may be applicable from time to time.

      Get your personalised rate in just minutes.

      What's more, it won't affect your credit score.

      Secured personal loan interest rates starting from
      6.75
      %
      p.a.
      Interest rate*
      6.75
      %
      p.a.
      Comparison rate#

      Get to know our debt consolidation loan option

      Secured or Unsecured personal loan

      Secured or Unsecured?

      Secured personal loans generally have lower interest rates than unsecured personal loans as the lender will lodge a security interest over the asset. If you don’t pay the loan, the lender may have the right to repossess the asset. 

      Find out more on our fact sheet, or call us on 1300 108 794.

      Secured Personal Loan
      Interest rates
      Secured fixed interest rates and comparison rates from 6.75% - 21.65% p.a.*#
      Application process
      10 minutes online, or call us on 1300 108 794
      Loan term
      18 - 84 months^
      Minimum loan size
      $15,000
      Maximum loan size

      $100,000 (personal loans solely for car purchase limited to $50k)

      Looking to purchase a car over $50k?
      Visit our car loans page. 

      Funds availability
      Next business day following approval (subject to your bank's direct credit processing times)
      Repayment type & frequency
      Pay by Direct Debit in weekly or fortnightly installments
      Fees and charges

      We don't charge any fees

      • Loan establishment fee | $0
      • Account administration fee | $0
      • Early repayment fee | $0
      • Security registration fee | $0
      Unsecured Personal Loan
      Interest rate
      Unsecured fixed interest rates and comparison rates from 6.75% - 26.95% p.a.*#
      Application process
      10 minutes online, or call us on 1300 108 794
      Loan term
      18 - 84 months^
      Minimum loan size
      $5,000
      Maximum loan size
      $50,000
      Funds availability
      Next business day following approval (subject to your bank's direct credit processing times)
      Repayment type & frequency
      Pay by Direct Debit in weekly or fortnightly installments
      Fees and charges

      We don't charge any fees

      • Loan establishment fee | $0
      • Account administration fee | $0
      • Early repayment fee | $0

          

      What others are asking about debt consolidation

      What is debt consolidation?

      It’s a term for paying off your outstanding loans (or debts) with the funds from a new loan, often with more favourable terms. Consolidating debts with a personal loan could be a good idea when you have multiple debts with different credit providers; each of them potentially charging different interest rates, different monthly fees, and with different payment dates. 

      After paying off your other debts, you’ll then just need to manage your one personal loan repayment. Depending on your situation, it could be a strategy to reduce the number of payments each month, potentially decrease your interest paid (if you’re paying off a high-interest credit card), or spread repayments over a loan term that works for you. 

      Our Awards

      As the home of loan options we're all about helping everyday Aussies succeed in achieving their financial goals
      - whether that's renovating your home, consolidating your debts, or covering unexpected outgoings.
      We’re over the moon to share that we’ve been recognised as winners by both Finder and WeMoney.

      Pepper Money 2024 Secured Personal Loans Award - Finder

      Secured
      Personal Loans Award

      Pepper Money 2024 Unsecured Personal Loans Award - Finder

      Unsecured
      Personal Loans Award

      Pepper Money 2024 Excellent Rates and Fees (Secured Personal Loans) - WeMoney

      Excellent Rates and Fees
      (Secured Personal Loans)

      WeMoney
      Pepper Money 2024 Outstanding Customer Service (Personal Loans) - WeMoney

      Outstanding Customer Service (Personal Loans)

      WeMoney

      What our customers think about us

      from reviews

      The important legal bits


      Information and interest rates are correct as of 17 December 2024 and subject to change at any time.

      All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms and conditions, fees and charges apply.

      Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.

      ‘No fees’ only applies to new loans. If you do not comply with the terms of your loan, we may pass on to you any third party enforcement or recovery costs incurred by us. Settlement times may vary depending on individual circumstances.

      * Pepper Money Unsecured Personal Loan interest rates range from  6.75%-26.95% p.a. (Comparison rates range from 6.75%-26.95% p.a.#) and Secured Personal Loan interest rates range from 6.75%-21.65% p.a. (Comparison rates range from 6.75%-21.65% p.a.#). The actual interest rate applicable will depend on the individual borrower’s circumstances and the information verified during the loan application assessment.

      +PERSONALISED RATES AND REPAYMENTS: The interest rate and repayments are based on personalised pricing. The final interest rate and repayments you are offered (if approved) may change based on your personal financial circumstances or security details provided. In some circumstances, we may require further information in order to provide a final interest rate and repayments (if approved).

      ^Loan repayment terms range from 18 to 84 months for secured loans between $15,000 - $100,000. Repayment terms range from 18 to 36 months for unsecured loans between $5,000 and $7,999, and 18 to 84 months for unsecured loans from $8,000 to $50,000.

      EXAMPLE: An unsecured personal loan of $30,000 borrowed over a term of 5 years with the minimum interest rate of 6.75% p.a. (6.75% p.a. comparison rate), would equate to an estimated minimum total amount payable of $35,349.60 via the weekly payment option. Rates are subject to change.

      #Comparison rate is calculated on a secured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

      Get in touch with a Lending Specialist

      Tell us about your situation. The more we learn, the better we can help.