Simplify and streamline your debt payments

Debt consolidation helps you get back on track sooner and pay less interest

Consolidating debts reduces interest

It happens to all of us; our finances get more complicated when we take out credit cards, store credit, or personal loans to cover unexpected expenses. These may be short-term solutions, but will cost us more in the long run. Taking out a debt consolidation loan “rolls over” all your smaller debts into one loan product. This means reducing your overall interest burden and means you get out of debt quicker. It can also help you.

We shop your loan around to over 25 of Australia’s leading lenders and banks to ensure you get a fair deal.

Get on top of debt

According to credit reporting agency Veda, 600,000 Australians are at-risk for credit default. This may be due to juggling many credit products at once, and struggling to get ahead of it all.

Savvy understands your situation. That’s why your personal consultant will give you an honest assessment of your financial situation and tell you if a debt consolidation is right for you, accurately assessing your potential to reduce your interest rate payments and move forward with less debt and eventually, a cleaner credit history.

Compare debt consolidation loans and save

If you are paying high interest on your existing loans or credit cards, debt consolidation may help you with paying it off sooner. Savvy has a range of debt consolidation options from our suite of top lenders.

LenderProduct NameAdvertised RateComparison RateMonthly Repayment
SavvySecured Personal Loan7.65%
variable
8.31%$603.28
IMBSecured Personal Loan7.39%
fixed
7.74%$599.57
SocietyOneGrade AA SocietyOne Loan Fixed7.88%
fixed
9.90%$606.57
HSBCSecured Personal Loan Fixed8.49%
fixed
11.80%$615.35
Bank of MelbourneVariable Rate Personal Loan8.49%
fixed
11/9-%$615.35
BSASecured Personal Loan Fixed8.49%
fixed
11.80%$615.35
St. GeorgeSecured Personal Loan Fixed8.49%
fixed
11.80%$615.35
MoneyPlaceUnsecured Loan8.90%
fixed
8.90%$621.30
Rate%SetterUnsecured Personal Loan (3 Year Term)8.90%
fixed
9.41%$621.30

* The interest Rate of 7.65% p.a. with a comparison rate of 8.31% p.a. is based on a 5 year secured consumer fixed rate loan of $40,000. WARNING: The comparison rate, monthly repayment and total cost applies only to the example given and may not include all fees and charges. Costs such as broker fees, 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. Different terms, fees or other loan amounts may result in a different comparison rate. Establishment fees and monthly fees apply only to consumer loans. Commercial use loans may attract different fees.

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How Savvy can help you with your debt consolidation

Experts in helping people with debt consolidation

Lower repayments
We help you find a debt consolidation loan that reduces your overall repayments each month.
Higher approval rates
We help you get debt consolidation approval using our panel of lenders and years of expertise.
Your dedicated consultant
Your consultant is your point of contact for your debt consolidation loan, helping you at each step.
More loan options
We shop around for the best deal using our network of 25 top Australian lenders.
Honest appraisals
We assess your potential to save with a debt consolidation loan; and there’s no obligation to apply.
Faster debt relief
Rolling over all your debts into a consolidated loan means you’ll pay off your debt sooner, owing less interest.