Guy considering getting debt consolidation loans

Debt Consolidation

Pay off your outstanding debts with a no-fee personal loan. Consolidate payments and streamline your repayments today.

Finder Awards 2024
Finder Awards 2024
Debts can easily mount up over time, and with different payment terms, dates and fees charged by different credit providers, managing your finances can feel like a full-time job.

That’s why we’re here to help. A personal loan for debt consolidation could allow you to pay off outstanding debts of up to $50,000.

This could help streamline your finances, meaning you may only need to make a single payment each month. What’s more, a personal loan could have a lower interest rate than your other debts, allowing you to save on interest, too.

Why choose a Pepper Money Personal Loan?

No fees - for the life of your loan

Get your personalised interest rate+ without impacting your credit score

Secured interest rates starting from 6.75% p.a. comparison rate*#

Pepper Money personal lending trio
Rates based on your circumstances

Rates based on your circumstances

Get your personalised rate before applying. It won't impact your credit score.
no fee personal loan

No fees

Ditch the fees and save with our no fee personal loan. No set up fee, no monthly fee and no early repayment fee.
Quick loan turn-around

Quick turn-around

Complete your application and get a response in 2 minutes. Once approved, access your funds within 24-48 hours.



What could my personal loan repayments look like?

To help you plan your monthly budget, give our repayment calculator a try. It can estimate what your regular repayments might look like based on the amount you want to borrow using example interest rates.

Your example interest rate and comparison rate is*# $

Your estimated minimum repayment is $

Ready to take the next step? Get your personalised rate upfront without impacting your credit score.

Important information

Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. All applications are subject to credit assessment, loan eligibility and lending limits. Terms, conditions, fees and charges apply. 

The results of the calculator are based on information you have provided and is to be used as a guide only. It does not constitute a quote, pre-qualification, approval for credit or an offer for credit and you should not enter commitments based on it. The interest rates do not reflect true interest rates and the formula used for the purpose of calculating estimated personal loan repayments is based on the assumption that interest rates remain constant for the chosen loan term.  

Your interest rate, repayments and interest payable will be different if a full application is submitted, and we complete our responsible lending assessment. The results of this calculator do not take into account any lender or government fees which may be applicable from time to time.

Get your personalised rate in just minutes.

What's more, it won't affect your credit score.

Secured personal loan interest rates starting from
Interest rate*
Comparison rate#

Get to know our personal loans

Secured or Unsecured personal loan

Secured or Unsecured?

Secured personal loans generally have lower interest rates than unsecured personal loans as the lender will lodge a security interest over the asset. If you don’t pay the loan, the lender may have the right to repossess the asset. 

Find out more on our fact sheet, or call us on 1300 108 794.

Secured Personal Loan
Interest rates
Secured fixed interest rates and comparison rates from 6.75% - 21.65% p.a.*#
Application process
10 minutes online, or call us on 1300 108 794
Loan term
18 -84 months^
Loan amount
$15,000 - $50,000
Funds availability
Next business day following approval (subject to your bank's direct credit processing times)
Repayment type & frequency
Pay by Direct Debit in weekly or fortnightly installments
Fees and charges

We don't charge any fees

  • Loan establishment fee | $0
  • Account administration fee | $0
  • Early repayment fee | $0
  • Security registration fee | $0
Unsecured Personal Loan
Interest rate
Unsecured fixed interest rates and comparison rates from 6.75% - 26.95% p.a.*#
Application process
10 minutes online, or call us on 1300 108 794
Loan term
18 -84 months^
Loan amount
$5,000 - $50,000
Funds availability
Next business day following approval (subject to your bank's direct credit processing times)
Repayment type & frequency
Pay by Direct Debit in weekly or fortnightly installments
Fees and charges

We don't charge any fees

  • Loan establishment fee | $0
  • Account administration fee | $0
  • Early repayment fee | $0

What others are asking about debt consolidation

What is debt consolidation?

It’s a term for paying off your outstanding loans (or debts) with the funds from a new loan, often with more favourable terms. Consolidating debts with a personal loan could be a good idea when you have multiple debts with different credit providers; each of them potentially charging different interest rates, different monthly fees, and with different payment dates. 

After paying off your other debts, you’ll then just need to manage your one personal loan repayment, meaning less life admin. Depending on your situation, it could be a strategy to reduce the number of payments each month, potentially decrease your interest paid (if you’re paying off a high-interest credit card), or spread repayments over a loan term that works for you. 

There is no limit to the number of debts you can consolidate as long as the outcome of the consolidation puts you in a better financial position. We can look to refinance different types of debt including credit cards, personal loans, car loans, private finance, tax and other business debts.

You will need to have documents supporting your current financial position such as recent bank statements, payslips or other proof of income, personal identification and a snapshot of your current asset and liability position.

For PAYG applicants, we require two current payslips plus one of the following:

  • Most recent group certificate
  • Most recent tax return / taxation notice
  • Current letter of employment
  • Bank statements – to confirm your last 3 months of salary

For Self-Employed applications, we need your last two years Tax Returns, two years Tax Assessment Notice and last 1 month’s business bank statements. If you’re self-employed and unable to provide these documents, you may still qualify for an alternative documentation (alt doc) loan. Find out more in our Easy Guide to Alt Doc Loans

The interest rate offered, and fees and charges will depend on our assessment of a number of factors at the time of application including:

  • The amount of your deposit or existing equity (if refinancing)
  • Nature of the security property (or the property you have equity in if refinancing)
  • Loan to value ratio (LVR)
  • Your income
  • Credit history
  • Any assets you own
  • Any liabilities or credit obligations
  • Chosen repayment type – paying off interest-only, or principal and interest
  • The purpose of the loan – if it’s for an owner-occupier or investment property

To get an indicative interest rateˇ, you can start by using our online borrowing power calculator, or speak to one of our Lending Specialists on 137 377.

Your Pepper Money Home Loan Journey – from application to actual settlement – can take up to six weeks – this is the typical timeframe for a home purchase, however, the process may be quicker if all the necessary documentation is provided sooner. 

Delays in decisions are most commonly caused by incorrect or missing documentation. 

Learn more about the Pepper Money Home Loan application process or for more information speak to a Lending Specialist on 137 377.

Consolidating debts can be a good idea if you are able to roll-in existing debts with higher interest rates into a single account with a lower interest rate. However, each persons individual needs and circumstances must be considered when deciding if debt consolidation is the correct choice.

There’s a lot to consider– including interest charges, cancellation fees and repayment terms. But in some instances debt consolidation can help reduce monthly interest charges and make payments more manageable. For example, it might be possible to consolidate outstanding credit card balances, bills, personal loans and car loans into one loan account.

Find out more about debt consolidation.

It's possible that the amount you owe may increase over time and become hard to manage. One way you could improve your short term financial situation is through debt consolidation. 

We’re one of Australia's leading non-bank lenders! 

We were established way back in 2000 to help Australians achieve their financial dreams by providing flexible financial loan options that could factor in the ups and downs of real life. Since then, we’ve become one of the largest, most trusted, and award-winning non-bank lenders in Australia and New Zealand. 

If you've chosen to take out a personal loan to consolidate your debts, then once your personal loan is settled, we’ll pay the lender directly. 

You can use your Pepper Money personal loan for almost all purposes. This could be anything from a holidayhome improvements, household furnishingscar purchase or car repairs, auto upgrades, debt consolidation, educational expenses, medical and cosmetic surgery, dental surgery, mortgage cost funding, vehicle deposit funding, and even a wedding, funeral or sporting equipment.

Unacceptable loan purposes include:

  • Mortgage, rent or credit arrears
  • Tax debts
  • Payment of defaults and judgements
  • Loans for business purposes

Our unsecured personal loans range from $5,000 to $50,000, repayable between 18 months to 84 months.

Our Awards

As the home of loan options we're all about helping everyday Aussies succeed in achieving their financial goals
- whether that's renovating your home, consolidating your debts, or covering unexpected outgoings.
We’re over the moon to share that we’ve been recognised as winners by both Finder and WeMoney.

finder secured personal loans award

Personal Loans Award

finder unsecured personal loans award

Personal Loans Award

Excellent Rates and Fees
(Secured Personal Loans)


Outstanding Customer Service (Personal Loans)


Our Product Reviews

Pepper Money reviews

What our customers think about us


from 692 reviews

Fantastic experience

The application process was so quick and easy. There were no fees up front, and our interest rate is quite reasonable. I wouldn’t hesitate to recommend Pepper Money to my family and friends if they need a personal loan. We finally get to pay off our wedding. Woohoo!

Janette, Sydney
My car basically went boom!

I applied for a loan through Pepper early in the morning, by the time I'd found a car that I liked they'd already conditionally approved me. By the end of the day, it was all settled. Can't recommend Pepper Money enough - their speed and customer service is second to none.

Robert, South East Queensland
Thanks for making it happen!

Very professional, convenient, easy, quick and friendly staff. I tried with other financial institutions but couldn’t get it due to credit rating. I was disappointed, so finally I tried personal loan with Pepper Money I thought I wouldn’t get it. But I got it approved, I couldn’t believe it. Highly recommended.

Khalid B
Quick and easy!

I found the whole online process very easy and quick with great communication along the way. I am satisfied with the rate, however the key aspect for me was having no exit fees. I intend to pay the loan off quickly, so this was an important consideration. In summary, very impressed!

Darren, SA
No idea how grateful I am

I checked the reviews and they were amazing. I applied on Friday for a funeral and received acceptance on Monday morning. The rate is great and I just cant believe how quick I received a response. The most stressing time of my life and Pepper came around.

Telia, Queensland
Quick, easy, and great communication

Pepper Money helped me consolidate my debts into one loan. The process was so easy, I was actually shocked how quick it was. Everything was done online and I found it to be the best experience compared to other loans. If I ever need a loan in the future, I’d be applying to Pepper Money again.

Fezzy, ACT
Super loan company to deal with

Couldn't have been a smoother process. Super quick and easy, staff very efficient and easy to deal with. Loan approved and finalized within 2 days as promised. Great Loan rates too!

Andrea, Queensland

The important legal bits

Information and interest rates are correct as of 13 September 2023 and subject to change at any time.

All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms and conditions, fees and charges apply.

Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.

‘No fees’ only applies to new loans. If you do not comply with the terms of your loan, we may pass on to you any third party enforcement or recovery costs incurred by us. Settlement times may vary depending on individual circumstances.

* Pepper Money Unsecured Personal Loan interest rates range from  6.75%-26.95% p.a. (Comparison rates range from 6.75%-26.95% p.a.#) and Secured Personal Loan interest rates range from 6.75%-21.65% p.a. (Comparison rates range from 6.75%-21.65% p.a.#). The actual interest rate applicable will depend on the individual borrower’s circumstances and the information verified during the loan application assessment.

+PERSONALISED RATES AND REPAYMENTS: The interest rate and repayments are based on personalised pricing. The final interest rate and repayments you are offered (if approved) may change based on your personal financial circumstances or security details provided. In some circumstances, we may require further information in order to provide a final interest rate and repayments (if approved).

^Loan repayment terms range from 18 to 84 months for secured loans between $15,000 - $50,000. Repayment terms range from 18 to 36 months for unsecured loans between $5,000 and $7,999, and 18 to 84 months for unsecured loans from $8,000 to $50,000.

EXAMPLE: An unsecured personal loan of $30,000 borrowed over a term of 5 years with the minimum interest rate of 6.75% p.a. (6.75% p.a. comparison rate), would equate to an estimated minimum total amount payable of $35,349.60 via the weekly payment option. Rates are subject to change.

#Comparison rate is calculated on a secured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.



Privacy Policy        Responsible Lending        Target Market Determinations         Pepper Global                                                     

All Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.

Pepper Money Personal Loans is a brand of Pepper Money Limited. Credit is provided by Now Finance Group Pty Ltd, Australian Credit Licence Number 425142 as agent for NF Finco 2 Pty Limited ACN 164 213 030. Personal information for Pepper Money Personal Loans is collected, used and disclosed in accordance with Pepper Money’s Privacy Policy & the credit provider’s Privacy Policy.

©Pepper Money Limited ABN 55 094 317 665; AFSL and Australian Credit Licence 286655 (“Pepper”). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647. Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899 is the credit provider for asset finance loans. Pepper and the Pepper Money logo are registered trademarks of Pepper Group Assets (Australia) Pty Limited and are used under licence.