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Debt Consolidation

Between car loans, credit cards and personal loans, Australians are now living with more debt than ever, and in uncertain times it just makes sense to review what you have and see if it is possible to save money every month.
If you’re looking to manage your debts more effectively, a debt consolidation loan can be a great option for you.

Why consolidate though?
A debt consolidation loan often lets you combine all your personal debts into a single personal loan, so you’re left with just one repayment a month. By only having to maintain repayments with one lender, you avoid the hassle of having to make multiple repayments, you often have a lower repayment as you have a new loan term (5-7 Years) and by combining Interest Rates to a lower amount you can save interest in the long term. They are a very attractive way to handle numerous debts.

Use the calculator to see how much you may save

The Financemi Debt Consolidation Calculator is simple to use and will give you an instant result. Use it now to see how much it may be possible to save every month.

Important Information

^ Approved customers only. Terms, conditions, fees and charges apply for personal loans in Australia. Terms, conditions, fees and charges apply with each individual lender. All applications are subject to lending and approval criteria from the individual lender.

Excellent Credit Rating is as determined by Equifax and lender policies.

Standard Loan terms range from 2-7 years.

Personal Loan rates range on average from 6.99% p.a. to 18.99% p.a. for secured loans (comparison rates 8.25% p.a. to 20.16% p.a.) and 7.99% p.a. to 19.99% p.a. for unsecured loans (comparison rates 9.24% p.a. to 21.16% p.a.).

* The Comparison rate for the above products are based on $30,000 over 5 years.

WARNING: These comparison rates apply only to the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: A personal loan of $30,000 borrowed for 5 years with an interest rate of 10.99% p.a. (12.21% p.a. comparison rate), would equate to a total amount payable of $40,233 (including a $250 establishment fee and $13 monthly loan servicing fees).

Results from the calculators should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. The calculator should only be used as a guide to see how loan repayments can vary when you change the loan amount, interest rate and loan term. Fees and charges are payable and the calculators do not take these into account.

1 Most lenders allow for additional payments at any time, however an early termination fee may apply if the loan is repaid prior to the end of  your loan term. This will be advised within the Credit Proposal document supplied to you prior to any settlement

The Financemi Group recommends that you read the Terms and conditions of the website. The Financemi Group is a leader in consumer finance in Australia offering a range of different services: including personal loans and car loans via our lender panel. © 2020 Financemi Group Pty Ltd ABN 40 627 585 175.

A Member of AFG Ltd, Australian Credit Licence 389087. www.financemi.com.au is fully owned and operated by Financemi Group Pty Ltd. Financemi Group Pty Ltd, PO Box 290, Wanneroo, Western Australia, Australia 6065.

IMPORTANT INFORMATION

All applications are Approved by the lenders in full. Terms, conditions, fees and charges apply and will be advised upfront or within any loan compliance documents. All applications are subject to the lenders approval criteria. Settlement times may vary depending on circumstances. Loan repayment terms generally range from 18 months to 7 years. Interest rates range from lender, however start from an indicative 6.49%pa to 22.95%pa 

*Comparison rates are based on a loan of $30,000 over 5 years.

WARNING: Comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: An unsecured personal loan of $30,000 borrowed for 5 years with the minimum interest rate of 8.95%pa (10.56%pa comparison rate), would estimate to a minimum total amount payable of $38,610 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change and advertised by the lenders directly

*Please also note that an application with Financemi does not affect your credit score, however upon formal submission to a lender you will be subject to credit review and submission to the industry reporting body.

© 2018 Financemi Group Pty Ltd ABN 40 627 585 175. A Member of AFG Ltd, Australian Credit Licence 389087. www.financemi.com.au is fully owned and operated by Financemi Group Pty Ltd

Debt Consolidation Calculator

What is Debt Consolidation

Between car loans, credit cards and personal loans, Australians are now living with more debt than ever, and in uncertain times it just makes sense to review what you have and see if it is possible to save money every month.
If you’re looking to manage your debts more effectively, a debt consolidation loan can be a great option for you.

Why consolidate though?
A debt consolidation loan often lets you combine all your personal debts into a single personal loan, so you’re left with just one repayment a month. By only having to maintain repayments with one lender, you avoid the hassle of having to make multiple repayments, you often have a lower repayment as you have a new loan term (5-7 Years) and by combining Interest Rates to a lower amount you can save interest in the long term. They are a very attractive way to handle numerous debts.

Use the calculator to see how much you may save

The Financemi Debt Consolidation Calculator is simple to use and will give you an instant result. Use it now to see how much it may be possible to save every month.

Important Information

^ Approved customers only. Terms, conditions, fees and charges apply for personal loans in Australia. Terms, conditions, fees and charges apply with each individual lender. All applications are subject to lending and approval criteria from the individual lender.

Excellent Credit Rating is as determined by Equifax and lender policies.

Standard Loan terms range from 2-7 years.

Personal Loan rates range on average from 6.99% p.a. to 18.99% p.a. for secured loans (comparison rates 8.25% p.a. to 20.16% p.a.) and 7.99% p.a. to 19.99% p.a. for unsecured loans (comparison rates 9.24% p.a. to 21.16% p.a.).

* The Comparison rate for the above products are based on $30,000 over 5 years.

WARNING: These comparison rates apply only to the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: A personal loan of $30,000 borrowed for 5 years with an interest rate of 10.99% p.a. (12.21% p.a. comparison rate), would equate to a total amount payable of $40,233 (including a $250 establishment fee and $13 monthly loan servicing fees).

Results from the calculators should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. The calculator should only be used as a guide to see how loan repayments can vary when you change the loan amount, interest rate and loan term. Fees and charges are payable and the calculators do not take these into account.

1 Most lenders allow for additional payments at any time, however an early termination fee may apply if the loan is repaid prior to the end of  your loan term. This will be advised within the Credit Proposal document supplied to you prior to any settlement

The Financemi Group recommends that you read the Terms and conditions of the website. The Financemi Group is a leader in consumer finance in Australia offering a range of different services: including personal loans and car loans via our lender panel. © 2020 Financemi Group Pty Ltd ABN 40 627 585 175.

A Member of AFG Ltd, Australian Credit Licence 389087. www.financemi.com.au is fully owned and operated by Financemi Group Pty Ltd. Financemi Group Pty Ltd, PO Box 290, Wanneroo, Western Australia, Australia 6065.

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IMPORTANT INFORMATION

All applications are Approved by the lenders in full. Terms, conditions, fees and charges apply and will be advised upfront or within any loan compliance documents. All applications are subject to the lenders approval criteria. Settlement times may vary depending on circumstances. Loan repayment terms generally range from 18 months to 7 years. Interest rates range from lender, however start from an indicative 8.95%pa to 22.95%pa 

*Comparison rates are based on a loan of $30,000 over 5 years.

WARNING: Comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: An unsecured personal loan of $30,000 borrowed for 5 years with the minimum interest rate of 8.95%pa (10.56%pa comparison rate), would estimate to a minimum total amount payable of $38,610 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change and advertised by the lenders directly

*Please also note that an application with Financemi does not affect your credit score, however upon formal submission to a lender you will be subject to credit review and submission to the industry reporting body.

 

© 2018 Financemi Group Pty Ltd ABN 40 627 585 175. A Member of AFG Ltd, Australian Credit Licence 389087. www.financemi.com.au is fully owned and operated by Financemi Group Pty Ltd