Roll your debt into one easy payment
Looking for the easiest debt consolidation loan to get with bad credit? Look no further! Swoosh Finance offers small loans to consolidate debt for Aussies with low and even very low credit. Get a small loan today to combine loan and credit card debt into one manageable payment.
With our simple online application and fast approvals, getting a personal loan for debt consolidation has never been easier.
Apply for $2,200-$5,000 today with a local Aussie direct lender!
Apply for up to $5,000 in 3 easy steps!
Step 2:
Get approval within 60 minutes of receiving required information (during business hours)*
Step 3:
Get paid directly into your bank account
How quickly can I get a debt consolidation loan with bad credit?
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Why Choose Swoosh?
Application reviewed in minutes… by actual humans, not computers!
How debt consolidation loans work
A debt consolidation loan is a way to refinance your debt. By consolidating your debts, you use a single loan to pay off several others. This can benefit you by reducing your interest, fees, and monthly payments. For example, you could combine multiple credit cards, a small personal loan, and maybe outstanding utility bills into one easy monthly repayment to help you pay off your debt sooner.
Am I eligible to apply for a loan?
We keep things simple, to be eligible to apply for a small debt consolidation loan you need to:
- Be 18 years or older
- Have been employed for at least 3 months
- Be a permanent resident or valid visa holder of Australia
- Own a vehicle (like a car or motorbike) registered in your name
Rates & fees
| Loan amount | $2200 to $5000 |
| Application fee | $0 |
| Establishment fee | $400 |
| Other fees and charges | $20 |
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Debit dishonour fee (if a scheduled payment is returned unpaid) | $39.95 |
| Repayment options | Weekly, fortnightly or monthly (based on your pay schedule) |
We like to keep things simple with our small personal loans for debt consolidation.
Interest is calculated daily, based on the outstanding balance and then applied to your account. Daily interest rates are computed by dividing the annual interest rate by 365.
Find out more: Payday loans rates and fees
Ready to get your loan?
Get back on track faster with a small loan to consolidate debt. Simplify your repayments today and apply with Swoosh.
Guaranteed approval for bad credit debt consolidation loan applications
We cannot offer guaranteed approval no matter what. But at Swoosh you can get a debt consolidation loan even if you have bad credit. We look at the ‘here and now’ of your financial situation, assessing everyone on an individual basis. In this way, we’re able to offer debt consolidation loans for bad credit to a wider range of people who might otherwise struggle to get approved.
No credit check debt consolidation loans
Swoosh does conduct a credit check as part of our responsible lending practices but we always offer a fair go to everyone, even those with bad or very bad credit.
Does a debt consolidation loan affect credit?
There may be a small temporary dip in your credit score at the start because lenders need to do a ‘hard’ credit check. But because you’re only paying off one loan, it’s easier to keep track of your finances and pay on time, which will have a positive impact on your credit file.
Debt Consolidation Loan FAQs
Does a debt consolidation loan really work?
Yes, it works to simplify your debt situation. Instead of paying off multiple loans and having to keep track of all the monthly payments, you only need to focus on one. And because you only need to pay one set of fees, interest, and monthly payments, you may end up saving money.
Is it easy to get loans to pay off debt with bad credit?
With Swoosh, it’s as easy as 1-2-3.
1. Complete an online application.
2. Provide the requested information.
3. Sign the offer email!
How quickly can I get a debt consolidation loan?
Our 100% online application only takes minutes to fill out. Once received, we can get you the money you need on the same day.
Do you need a job for a debt consolidation loan?
One of our eligibility requirements is that you have been employed for at least 3 months. However, it does not need to be full time or permanent employment.
What interest rate will I get?
All our fees and rates are clearly displayed on our Payday Loan Rates and Fees page.
What will my repayments be for a payday loan?
You can see your repayments up front by using our personal loan repayments calculator.
Want to chat to someone?
Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
Testimonials
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The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.