Debt Consolidation Loan

Debt can add up quickly. Sometimes before you know it, you may find yourself owing money to a number of different people or providers. A debt consolidation loan is a single loan taken out to pay off other loans that you may have, from credit cards, car finance and other consumer costs.


Rapid Loans can help you find a solution for multiple debts. A debt consolidation loan with Rapid Loans can put all of your payoffs in one simple place, with competitive rates and flexible terms and conditions.

The way it works is that you add up all your varied debts and apply for a personal loan to consolidate your debts. If approved, you can use that loan to pay off all the money that you currently owe.

Before applying for a personal loan, make sure that you have accurately calculated the amount you need to pay off all of your outstanding debts. You won’t be able to borrow more than the originally agreed upon loan amount.

Debt Consolidation Loan Calculator

Use our simple debt consolidation loan calculator to find out how much you can borrow to consolidate your debts.

Loan amount

Please Select
  • $ 2,001
  • $ 3,000
  • $ 4,000
  • $ 5,000
  • $ 6,000
  • $ 7,000
  • $ 8,000
  • $ 9,000
  • $ 10,000

How often do you get paid?

Please Select
  • Weekly
  • Fortnightly
  • Monthly


Rapid Loans can help you find the most suitable debt consolidation loan to suit your personal circumstances, and structure payments in a way that gives you confidence and peace of mind.

By using a debt consolidation loan, you only have one payment to make a week or fortnight or month instead of numerous payments. Taking out an online personal loan to consolidate multiple debts into one total amount can provide borrowers with the advantage of fixed payments, over a fixed period of time and the confidence that the overall debt will be paid off when the loan finishes.
Personal loans with Rapid Loans also provide the following benefits:

  • Fast online application
  • Fast loan approval1
  • Rapid cash disbursement
  • Flexible terms and conditions
  • Affordable rates

Loan Calculator

Check out our loan calculator to see just how easy a debt consolidation loan with Rapid Loans can be.

Debt Consolidation

At the end of the day, being in multiple types of debt can be stressful. To add to that stress, owing money here, there and all over the place, can quickly become extremely overwhelming. At Rapid Loans, we are all about assisting you in achieving financial control and freedom. One of the best ways to significantly reduce the unmanageable feeling surrounding handling several different debts is to organise and merge it all into the one place.

Consolidate Credit Cards

If you have ever had more than one loan or credit card on the go at once, you will understand just how difficult and complex it can become to track and meet your financial obligations of repayments.
At Rapid Loans, we have a comprehensive understanding of just how stressful and overwhelming this can be, and because of this we want to help you with a debt consolidation loan to allow you breathing space when it comes to your loans and debts.

The Right Loan For You

We are here to help you find the right path for you towards more organised and successful debt consolidation.
We are all about making the process and achieving goals that much easier. We are confident that you won’t find a more reliable, trusted, efficient debt consolidation loan solution or have a more stress-free experience than you will with us.

We have been assisting everyday Australians and businesses since 2003 and have quickly become a trusted Australian provider of debt consolidation and personal loans. We take great pride in helping thousands of people from across the nation reach and achieve their personal goals, organising any owed money in one place while helping to reduce stress and encourage independence.

Online Debt Consolidation Loans

Now you can relieve yourself of consuming debt-related stress and manage your cash flow straight from the comfort of your own home and could have an outcome within 24 hours. A personal loan to consolidate your debt makes life a lot easier, more convenient and organised. Consolidate your debt today, reduce payments to multiple lenders and you could have only one loan, one repayment with the help of our debt consolidation loans.

Dedicated Customer Service

You are our priority and providing the best debt consolidation solutions to benefit our clients is our mission first and foremost. We’re known for providing trusted support and, with over a decade of experience, we’re always thinking outside the box and finding new ways to be unique from the ‘traditional’ lenders. We’ve even streamlined our application to the degree that it takes only minutes to complete and can be done entirely online. No more rummaging through drawers or hunting through piles of old documents! We used advanced and innovative technology to process your consolidation application and funnel it through to our team efficiently to allow them to get in touch with you quickly with your result. This allows us to spend more time helping you.

Speak to Experienced Loan Consultants

Never again will you have to deal with the standard middle-of-the-road call centre. Instead, we put you directly in contact with one of our experienced consultants who will give you answers and get your consolidation moving. Throughout your partnership with us, they will be your personal contact dedicated to providing you with exceptional service, a great product and a great result.
We understand that each of our clients’ circumstances is unique and the idea of applying for consolidation of their debt can be intimidating and daunting. You will always have the peace of mind and confidence that you are in the most capable hands. We will take the time to hear and understand your needs, and through our personalised approach will always provide a warm and welcoming service.

Achieve Financial Control with Consolidation Loans

Our experience, dedication, drive and skill when it comes to all aspects of debt consolidation and providing assistance in accomplishing short and long-term goals is second to none!
Our clients and their lifestyle goals are of the utmost importance to us, and we are passionate about helping people achieve financial control in the most effective, efficient and convenient way possible!

Why Use Rapid Loans

At Rapid Loans, helping people achieve their goals has guided us through every stage of our business evolution, and your aims, your needs and your dreams will guide us into the future as well. With Rapid Loans, you will always be well looked after. We base our practices around the three core customer benefits we offer you

  1. Speed and ease of online applications;
  2. Rapid payment of cash if you’re approved;
  3. Personal and friendly services;

If you are looking to consolidate your debts into one manageable loan, look no further than Rapid Loans.
Contact us and take the first step to better managing your debt while achieving your desired lifestyle goals and find out exactly what we can do to help you today.

Apply Today

Click here to apply for a debt consolidation loan today through our easy to use online application tool to take back control over your finances.

Methods to contact us:


Call us on 1300 727 431
Request a call-back, and one of our friendly debt consolidation consultants will phone you.
Alternatively, click ‘Apply Now’ to get the ball rolling.
We look forward to hearing from you!


Frequently Asked Questions


How will a personal loan help me pay off multiple debts?

The idea behind a debt consolidation loan is to substitute one or more high interest and high fee loans with a loan that has a lower interest rate and less fees. By having one single loan with more favourable terms, you will not only save money, but make it easier to manage the repayments.

How will the debt be settled after the loan is approved?

When taking out a personal loan as a debt consolidation loan, you will need to provide Rapid Loans with official payout quotes from the lenders you wish to settle your debt with. Once your new loan is finalised, Rapid Loans will pay out these loans on your behalf, and any remaining principal amount will be transferred to your nominated bank account.

What do I need to apply for a loan?

Getting your documentation ready to support your application for a loan is not hard. There are three basic things we need to know:

  • Your identity
  • Your financial circumstances
  • Your lifestyle

How much can I borrow?

Rapid Loans offer personal loans ranging from $2,001 up to $10,000. How much you can borrow depends on a number of circumstances, including your income and regular expenses.

What is a p.a. comparison rate?

The comparison rate gives you a true understanding of the cost of the loan per year. In addition to interest rate charged, it factors in the cost of fees and charges, repayment frequency, loan term and loan amount.

Do you offer fixed interest rates?

Yes, personal and car loans from Rapid Loans have a fixed interest rate outlined in your contract. This will vary depending on a number of factors such as borrower profile, loan product and principal amount.

Do you charge early repayment fees?

No, Rapid Loans does not charge any fees for early payouts or additional repayments on top of the normal repayment schedule.

Will the funds be available the same day?

We always aim to be as quick as possible with transferring funds to successful applicants. Depending on the time and day of the successful application, the funds may be available in the client’s bank account the same day or the next business day.


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Katrina, Redan

When it came time to move into a new property, I knew if I saw something I liked, I’d need to come up with the money for a bond very quickly. So when I found my ideal property, I also found Rapid Loans online and it was an even quicker process to get the money I needed for the bond. I’d never borrowed money online before, but if you need cash quickly, I’d recommend Rapid Loans as your first click.

Kim, Caloundra

We got to the stage where one car was just not enough for us with everything we needed to do during the week and on weekends. So I applied for loan with Rapid Loans to buy a second car and I couldn’t believe how easy and simple it was to secure the funds we needed. Our repayments are all structured and we know exactly how much we need to pay off and now we have the second car we desperately needed. Would I recommend Rapid Loans to friends or family? Well I already have!

Christina, Mawson Lakes

I needed some money to pay off two smaller loans and part fund a family trip to the Philippines. I was blown away by how fast and efficient Rapid Loans was, always keeping me in the loop during the process and making me feel like I was their only client. A big thank you to Rapid Loans for their excellent service

Alex, Sunshine West

I had a few unexpected bills to pay off and I needed a bit of extra cash fast. I couldn’t believe how quick the whole process was with Rapid Loans – from applying for some extra cash to actually getting it in my bank account. Now I can pay off my unexpected bills in my own time, knowing exactly how much my repayments are


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