Debt Consolidation Loans

Do you have a number of loans which you can’t seem to get on top of?

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Take control today

Getting a debt consolidation loan is the perfect way to take control of your finances, allowing you to roll multiple other loans or debts into one easy to manage repayment scheme. Rather than being overwhelmed by separate monthly or weekly payments, debt consolidation lets you combine all of them while extending the overall timeframe of your repayments, keeping them affordable, and placing them all under the same interest rate.

Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our online debt consolidation application process, you can apply any time, any day. We know you’re busy, so we get back to you as soon as we can.

How much do you need?
Amount $2000
$200
$20,000
Term 26 weeks
26 Payments
52 Payments
$100.63 per week
Calculating...
Loan Details
You are borrowing
$2000.00
Interest
$616.38
You need to repay
$2616.38
26 weekly payments of approx.
$100.63
Minimum repayment term
6 weeks
Maximum repayment term
26 weeks
Annual interest rate
29.95%
You are borrowing
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Interest
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You need to repay
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weekly payments of approx.
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Minimum repayment term
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Maximum repayment term
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Annual interest rate
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Why choose MoneyShop for your Debt Consolidation Loan

Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our online debt consolidation application process, you can apply any time, any day.

Apply online

Complete our simple online loan application form. It only takes a couple of minutes!

Competitive rates

Refinance existing car loans that you may have taken out with a dealership, as you might find that our rates or fee structures are better, or that your loan term needs to be altered.

Get paid

Once your application is accepted, the money is deposited in your bank account! It couldn’t be easier.

How do our Debt Consolidation Loans work?

A debt consolidation loan essentially adds up all your existing loans, pays all of them off completely, and then creates a single, new loan for the amount used to clear the previous debts.

But how does combining several debts lead to smaller repayments and better interest rates?

1. One fixed interest rate instead of multiple interest rates.

2. One repayment to keep track of reduces your chance of incurring extra costs for missed/late payments.

3. Debt consolidation has proven a valuable tool for those looking to get out of debt, too. You are able to focus on paying off costs without being swamped by the details.

4. Ultimately, it’s important to remember that it is the same amount of debt, just combined, and so it isn’t necessarily a solution for totally cancelling debt. On the other hand, even though it might seem like a lot, it’s the same amount of debt as before, just with less to manage. In most cases it can work out cheaper in the long run, as you’re likely to pay less in fees, and enjoy a fixed interest rate.

Manage your debt today

Ready to take on an easy debt consolidation loan with MoneyShop? Get in touch with our team today to see what options we have for you or apply online!

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FAQ's

$200 - $20,000

If you have all of the required documents to support your loan application, we can process a loan in less than two hours.

Our interest rate varies. It is dependent on a number of factors, such as the security offered for the loan and the duration of the loan. Once determined, the interest rate is fixed for the term of the loan.

Our repayment period is from three months to a maximum of 36 months, from $30 per week.

Yes, normal lending criteria applies.

It depends, give us a call and we can do a credit check to see if we can help.

You must be at least 18 years of age to apply for any form of credit or finance.

See “Repay A Loan” in our Resources section for more information.

We lend on cars, furniture and property. There must be no money owing on your security. If a balance remains, we can sometimes pay this out and build the cost into your personal loan.

If you are unable to provide security, it may be that your situation allows us to lend you an unsecured loan up to the value of $1500. Otherwise, you can arrange a Guarantor. The Guarantor follows the same procedure as if they were borrowing the money and must have suitable security.

Yes we can refinance your loan if you have a good repayment history with us, clear credit and affordability.

Yes, but please note there may be an early repayment fee.

Here to give you a helping hand

Our friendly team are here to help you throughout the entire lending process.