Debt Consolidation Loan AUstralia
If you have multiple debts, we can discuss options for combining all of these debts into a single loan, saving you money.
GEt FInance options for multiple Assets
If you have multiple loans which include credit card debt, let’s discuss your options. Debt consolidation allows you to combine multiple debts into one manageable payment, often at much lower rates than you are paying across multiple smaller loans. Let us help you simplify your situation with trusted lenders, the best deals and a responsive team on your side – so you can get your dream vehicle sooner and start planning your next adventure.
Caravan Loans
Australia is the ultimate playground for caravans, camper trailers, RVs and motorhomes. Whether you’re a weekender or doing ‘the lap’, choosing the right caravan for your needs is a big decision. Let our expert team take the stress out of your financing.
Car Loans
When it’s time for a new car or ute, you want to know you’re getting the best deal possible. Backed by an unprecedented number of lenders, we create a seamless financing process from start to finish and help you access the right loan terms for your needs.
Boat & Jet Ski Loans
Ready for hours or even days spent on the water in a new boat or jet ski? Make that dream marine vehicle a reality with our experts in lifestyle asset finance. Our customer service is second to none, and we’ll help you secure the right loan for your unique financial situation.
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Disclaimer
The repayment information produced by this calculator is to be used as a guide only. Any results produced are neither an offer of finance nor a legal guarantee. We (Set Up Finance) bear no responsibility for any losses incurred from the use of this information. Your official loan request is subject to assessment through standard lending criteria. This calculator has not accounted for additional fees set out by the lender or taxes such as GST.
Your dream is closer than you think
We’ve helped hundreds of Aussies and their families finance their lifestyle purchases. Let us help you make your dream a reality with the right people on your side.
Loan options
Loans for caravans, camper trailers and other leisure assets fall under the category of asset lending. However much you’re looking to borrow and over what time frame, we will recommend the best possible deal for your needs that takes your complete financial situation into account.
Secured Loans
These are the most common type of loan in asset lending as they are often deemed less risky by lenders and offer a better interest rate. This type of loan is secured against something you own (often what you are borrowing for) as collateral. This means if you default on the loan, the lender would be entitled to seize and sell the asset as repayment.
Unsecured Loans
As the name suggests, this is the opposite of a secured loan where no asset is used as collateral. Because there is more risk involved, lenders tend to charge higher interest rates and fees for unsecured loans. However, these loans are still widely available and usually offer better interest rates than a credit card, for example.
Line of Credit Loans
With this type of loan, the lender gives you a pre-arranged line of credit or borrowing sum. You are only charged interest on what you use, so if you don’t use your full line of credit, you will only be charged per what you spend. These loans typically have higher interest rates than secured loans but offer convenience for when you find the right leisure asset.
Debt Consolidation Loans
Debt consolidation loans are a great tool if you have more than one asset. This type of loan allows you to combine your debt from multiple assets, cars, and credit cards into one loan payment, hopefully at a lower rate than you were paying for separately. Our team can advise you on how to structure your debt consolidation loan.
FAQs
How do you Calculate Interest Rates?
Interest rates are generally set by the lenders, but each lender may vary based on a number of factors including the credit profile of the borrower, the residential status, the type of loan required and the lenders’ appetite for risk.
DOes debt Consolidation Hurt your Credit Rating?
The purpose of debt consolidation is to simplify a customer’s personal borrowing to one simple payment. Long term, this will assist in improving a customer’s credit rating on the condition that they maintain on-time payments and do not undertake further credit activity that may impact their credit score.
How do I put all my Debt into One Payment
Your personal broker will do all the heavy lifting for you once you have provided details on the current loans.
Is it Hard to get a Debt Consolidation Loan
The application of a consolidation loan is similar to an asset loan, however, your broker will need to be given information on all the loans the customer is looking to consolidate.
FUnding your Lifestyle
There are many brokers out there who can get you a loan for your vehicle. But are they specialists in asset finance and debt consolidation if you have multiple assets?
Our team specifically works in this space and has for years, which means we can match you with the right finance option.
We won’t just get you a loan. We’ll get you the right loan.
Australians with a love for adventure use Set Up Finance time and again because they trust we’ll find the deal for them and be with them every step of the way.