Debt Consolidation Loans

A debt consolidation loan is a way to merge all of your existing debts, including personal loans and credit card debt, into a single loan. By doing so, you won’t have multiple annual fees or interest charges, and you can manage everything with one regular repayment.

There are a number of advantages to getting a debt consolidation loan:

• Having one recurring repayment is easier to manage than multiple repayments
• It can save you money by paying less interest and fewer fees
• You’ll have greater control of your finances and a better idea of when you’ll be debt free
• You can improve your credit score because you’ll be able to make on-time repayments

Having multiple debts can be stressful and overwhelming, but it’s also nothing to be ashamed of. According to the Bureau of Statistics, the average Australian household has a personal debt of $17,700 and that doesn’t even include credit cards. However, with more debt, comes more fees, charges and interest rates. That’s why a debt consolidation loan can help to simplify things.

Easy, regular payments

When you apply and get approved for a cash loan at Red Tree Finance, you can choose the way you pay to align with when your employer pays you. Whether that’s weekly, fortnightly or monthly, it’s no problem for us. And if you’re ready to pay your online loan off earlier, our customer care team can provide you with payout details and you won’t be charges any early exit fees.

Apply online and in minutes

Applying for a secured loan through Red Tree is easy, fast and secure. Just make sure you have your payslips, bank statements and ID ready when you apply. You can even apply online using your phone, computer or tablet – even while you’re on the go!

Fast outcomes

We don’t believe in making you wait unnecessarily to find out whether you’re approved or not. Once you submit your application, a member of our assessment team will review your application and give you a decision within 2 hours – it’s as fast as that. Then, depending on the time of your approval, you could have the money in your account that very same day.

At Red Tree Finance we take our lending responsibilities seriously. We only recommend loans that our assessors are confident can be repaid. So you don’t need to worry that you’ll be committed to loan repayments you can’t afford.

Read our full Responsible Lending Statement

The information provided here is of a general nature and is provided without considering your specific objectives, financial situation, or needs. It is intended for informational purposes only and should not be relied upon as financial, investment, or other professional advice.

Before making any financial decisions or taking action based on the information presented, you are strongly encouraged to assess its appropriateness in light of your individual circumstances. Red Tree Finance does not intend to provide personalised financial advice, and you should seek independent financial, legal, tax, and other relevant advice tailored to your unique situation.