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Consolidate debt with a personal loan

We offer a range of personal loans that may be an option for your debt consolidation.
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    • What is debt consolidation?

      Debts can be challenging, but there's a way to keep better track of your debts to get you on the right path and put your mind at ease.

      These debts can include:

        • Car/boat/caravan loans
        • Credit cards
        • Wedding loans
        • Travel loans
        • Store cards

      Debt consolidation is gathering your existing debts and putting them all in the one place – a new debt consolidation loan.

    • How do debt consolidation loans work?

      Debt consolidation loans work by using the funds from a new loan to pay off all outstanding debts from current loans, so that you only have the one loan remaining.

    What are the benefits of consolidating my debt?

    Should you get a debt consolidation loan? These are some benefits to consider before you decide if placing all your debts into the one loan is the right choice for you.

    • Less paperwork

      You'll receive only the one set of statements.

    • Convenience

      Deal with only one vendor.

    • Easier budgeting

      Budget for the one loan repayment date per month, rather than several loans on different dates.

    • Better understanding

      Have a clearer idea of when your loan/s will be paid off.

    • Possibility to be debt free sooner

      You could become debt free sooner by reducing your interest rates and repayments.

    • Easier budgeting

      Budget for the one loan repayment date per month, rather than several loans on different dates.

    • Better understanding

      Have a clearer idea of when your loan/s will be paid off.

    • Possibility to be debt free sooner

      You could become debt free sooner by reducing your interest rates and repayments.

    • Less paperwork

      You'll receive only the one set of statements.

    • Convenience

      Deal with only one vendor.

    • Easier budgeting

      Budget for the one loan repayment date per month, rather than several loans on different dates.

    • Better understanding

      Have a clearer idea of when your loan/s will be paid off.

    • Possibility to be debt free sooner

      You could become debt free sooner by reducing your interest rates and repayments.

    • Less paperwork

      You'll receive only the one set of statements.

    • Convenience

      Deal with only one vendor.

    • Easier budgeting

      Budget for the one loan repayment date per month, rather than several loans on different dates.

    How do I consolidate?

    To consolidate your existing debts means to take out a new loan, which would be your debt consolidation loan that combines all loans together. People's Choice offers a range of personal loans that may be an option for your debt consolidation.
    See our range of personal loans

      What is refinancing?

      Refinancing your home means replacing an existing home loan with a new mortgage. If you're finding your current home loan isn't suitable for a number of reasons, from a fixed term loan ending to wanting to reduce your repayments, you can refinance and acquire a home loan suitable for your situation. Here are some reasons why you may want to refinance your existing home loan.

      • You want to consolidate your debts

        Put all your debts in one place and manage your finances easier.

      • You want to reduce your home loan repayments

        You may get a better interest rate by refinancing, which would reduce your home loan payments. 

      • Your fixed term loan is ending

        If you have a fixed home loan that's coming to an end, you may want to refinance.

      • You're planning to renovate your home

        Our Home Loan Advisers can help you choose from a variety of renovation finance options.

      • Your circumstances have changed

        Your existing loan may not be suitable anymore.

      • Your fixed term loan is ending

        If you have a fixed home loan that's coming to an end, you may want to refinance.

      • You're planning to renovate your home

        Our Home Loan Advisers can help you choose from a variety of renovation finance options.

      • Your circumstances have changed

        Your existing loan may not be suitable anymore.

      • You want to consolidate your debts

        Put all your debts in one place and manage your finances easier.

      • You want to reduce your home loan repayments

        You may get a better interest rate by refinancing, which would reduce your home loan payments. 

      • Your fixed term loan is ending

        If you have a fixed home loan that's coming to an end, you may want to refinance.

      • You're planning to renovate your home

        Our Home Loan Advisers can help you choose from a variety of renovation finance options.

      • Your circumstances have changed

        Your existing loan may not be suitable anymore.

      • You want to consolidate your debts

        Put all your debts in one place and manage your finances easier.

      • You want to reduce your home loan repayments

        You may get a better interest rate by refinancing, which would reduce your home loan payments. 

      • Your fixed term loan is ending

        If you have a fixed home loan that's coming to an end, you may want to refinance.

      Speak to a Home Loan Adviser today

      Talk to one of our friendly advisers to get expert advice.

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