If you're finding it difficult to manage multiple debt repayments, consolidating your debts into one regular repayment can simplify your finances and help you breathe easier.
EBP Money's debt consolidation loan combines all your existing debt, like credit cards, payday loans, car loans, tax debt and other debts. As a result, you won't need to deal with multiple lenders; this makes managing your finances much easier and can often reduce the interest and fees you pay.
EBP MONEY
$5,000 to $25,000 loan amount
Flexible loan term of 3 to 5 years
Personalised interest rate
Weekly, fortnightly or monthly repayments
Fixed interest rate for the life of the loan
If approved, get your money next business day#
Our application process is simple and transparent. No hidden fees and no surprises.
We need your personal information, including the amount you want to borrow, your income and expenses. And we also need some documents, including your bank statements.
If your loan is approved we will provide detailed loan terms, including your loan amount, interest rate and repayments.
If you agree to the loan terms and sign the digital contract, you get your money next business day#
Be 18 years of age or older.
Be an Australian citizen or permanent resident.
Be employed full-time, part-time or casual.
Earn an annual income of $45,000 net or more.
Get an estimate of your repayments and the cost of the loan using our personal loan calculator
A debt consolidation loan consolidates multiple debts into a single loan with one monthly repayment. Instead of managing multiple monthly payments to a number of different banks or finance providers, it allows you to deal with a single lender. Most consolidation loans should offer you a lower interest rate than you are currently paying on the debts you are consolidating. This reduced rate will save you interest. Debts which can be consolidated include credit cards debt, personal loans, store cards, pay days loans, tax debt and other high-interest bearing debt.
1. Simplified Repayment: Managing a single loan repayment is more straightforward and makes it easier to avoid missed payments.
2. Lower Interest Rate: A debt consolidation loan should offer a lower interest rate than you are currently paying on the debts you are consolidating. This will save you interest.
3. Fixed Repayment Period: The debt consolidation loan will be repaid over a fixed term, providing a clear timeline for becoming debt-free.
4. Improved Credit Score: A debt consolidation loan may have a positive effect on your credit score in the long run if you maintain a good repayment history
It may have a positive effect on your credit score in the long run if you maintain a good repayment history. It should also make it easier to avoid missed payments, which do harm your credit score. Some people find themselves in a worse position than they were in before because debt consolidation does not help change the behaviour that got them into debt trouble. Without discipline and a change in spending and saving habits, it is not going to provide a long term solution.
Our interest rates are offered based on your credit assessment and EBP Money's responsible lending criteria. Your interest rate will be a personalised rate based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan. We offer interest rates at the lower end of our range to customers with an excellent credit history.
If your circumstances change and you cannot repay your loan, please get in touch with us immediately. We are here to help.
.png)
