*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
Tired of juggling multiple high‑interest credit cards or loans? Our debt consolidation personal loan could replace them — and any other debts — with one repayment at a potentially better rate. That means one interest rate, fewer fees, one due date and more control over your money. Need a little extra? You could borrow that too, all in one manageable debt consolidation personal loan.
Check if you’re eligible*. It won't impact your credit score.
Benefits:One repayment. One fixed interest rate. Zero hidden fees.
Before you apply for a loan, we think it's important to review your budget and be certain that you can comfortably repay it.
Once you know what you can afford in your budget, use our three-step loan repayment calculator to estimate your repayments before you apply.
Ready to Apply? You can get started now.Say goodbye to paperwork. Applying with us is 100% online and takes just 5-12 minutes1.
Our clever tech looks at more than your credit history. Instead, we consider your current spending habits. It’s why we can say yes, when others say no.
99% of our customers receive a same-day outcome — we know you don’t have time to wait. Get your funds in 60 seconds if approved3.
Our loans are designed to be fast, fair, and, above all, affordable, with no hidden fees. See the table below for a quick guide to our charges, or visit our fees page to learn more. For detailed information about who our products are designed for, please review our Target Market Determinations.
Clever tech to give your loan approval the greatest edge.
We’re not a bank. We’re a smarter kind of lender that looks beyond credit scores to understand your real financial health. Our clever Edge Score system uses extra data from your bank statements to see how you're managing money today - not just your past.
It’s fast, simple, and secure and it could help you get the funds you need, when you need them most. That’s what sets us apart.
Find out the answers to the most common queries about our Debt Consolidation Loans here.
Debt consolidation involves using a single fixed interest rate personal loan to combine and pay out multiple existing debts. This can include smaller loans, store cards and credit card debt with multiple creditors. You will be left with one single debt which means one predictable regular payment, one set of fees and one interest rate.
After you’ve signed your loan contract, you can supply us with pay out details for each creditor. We can transfer funds directly to these creditors so that your balance is cleared automatically, or we can transfer you a lump sum and you can finalise your debts yourself. The choice is yours!
We’re 100% online, so you will need to complete your application via our website or by using the Better Credit App.
Here’s what the process will look like:
Debt consolidation and refinancing both involve taking out a new loan to manage existing debt. The key difference is that consolidation typically combines multiple debts into one, while refinancing usually replaces a single loan (like a mortgage) with a better one.
Either way, the goal is the same: to move to a more manageable and favourable loan that suits your needs.
You must meet the following basic eligibility criteria before submitting an application:
If you are unsure whether you're eligible, you can check if you qualify*. This will not impact your credit score.
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
Checking if you qualify won’t impact your credit score*. We do a ‘file access’ check that only you can see. If you have credit alerts set up, you may get a notification – but this won’t affect your score.
If you qualify* and decide to proceed with a full application, we’ll perform a standard credit check, which other lenders can see. This is part of our credit assessment process. By submitting a full application, you authorise Jacaranda Finance Pty Ltd to obtain a copy of your full credit file.
Making your repayments on time? That’s good news. We report repayment history to credit bureaus, which could help improve your credit score over time5 because we also report positive repayment behaviour.
Need more info? Visit CreditSmart or reach out to our friendly team.
Yes – it’s possible. We look beyond just your credit score and consider your full financial picture.
If you’re in a stable financial position and managing your current commitments well, you may be eligible. We consider a wider range of credit histories than banks and many prime lenders.
However, we don't recommend applying if you've recently been bankrupt (you must be discharged for at least 3 years) or are struggling to repay your current debts.
Most people complete our online application in 5-12 minutes1. How quickly you apply depends on whether you have the right info ready.
Once submitted, many customers receive a same-day outcome during business hours, provided we have all supporting documents2. While we aim for speed, same-day approval isn’t guaranteed.
If approved and your contract is signed, we’ll automatically send the funds.
Repayments on your loan are automatically set up to be deducted via direct debit from your bank account in line with your pay cycle.
You can view your repayments from either the Better Credit app or online portal and contact our friendly customer service team to request any changes that you need.
Download the app on the Google or Apple store today.
Read more: Personal Loan Repayments 101.
Still have questions? Our team is just a call or email away. Reach out and we’ll do our best to help you get the answers — or the loan — you’re looking for.
$3,000 - $25,000
