Debt Consolidation Loans

Real life loans for real people

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Debts are easier to manage when there’s only one of them.

Around 79%  of us have a credit card. And a surprising amount of us have more than one – around 1 in 4 people aged 35–54 hold more than 3 cards1. When you’re already managing a mortgage and monthly outgoings, that’s a lot of debt stress.

Image of wallet with credit cards

If you’re juggling payments on multiple loans – each with its own interest rates, conditions and balances – you might want to think about consolidating your debts. Debt consolidation just means combining all your existing debts into one simple new debt, with one interest rate and one regular payment. Then you can focus on paying it off as quickly as possible.

And with Pepper Money, the whole debt thing is even less stressful.

Here's where Pepper Money can help

There are no surprises
There are no surprises

With zero establishment fees and zero monthly fees. 

It's super quick
It's super quick

Apply online from any device, from start to finish in 15-20 minutes. 

Competitive interest rates
Competitive interest rates

Starting from 9.99% p.a.* (comparison rate**) based on your circumstances.

Get your indicative rate

Use our calculator to find out your unsecured personal loan indicative rate and how much your repayments might be. The better your credit rating the lower the interest rate you'll receive. 

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Loan amount


Max. eligible amount : $50,000

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Loan interest type

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Your repayment frequency

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Which product is best for debt consolidation?

Interest Rate Type Variable Fixed
Interest Rate Starting from 9.99% p.a.* comparison rate**
Easy online application Yes
Loan Terms 1 - 7 years
Loan Amount $5,000 - $50,000
Funds paid into your account Next business day following approval
Account statements 6 monthly
Flexible Repayments Weekly / Fortnightly / Monthly
Repayment Facilities BPAY / Direct Debit / Direct Credit
Monthly account keeping fees $0
Break fee - if early repayments exceed an amount equal to three months' repayments or more N/A $150
Early repayment fee - if you repay your loan in full prior to the end of the term N/A $300

Popular questions

With a Pepper Money unsecured debt consolidation loan you can borrow up to $50,000.

You can use our unsecured debt consolidation loan to consolidate your credit card or other personal loans. We don’t accept loan applications for pay day lender debts, credit arrears or payment of defaults. 

We’ll pay funds into your nominated account on the next business day following approval. That means you’ll have the flexibility to pay your debts any way you want.

Pepper Money does consider applications that have defaults providing they pass our credit score and application lending criteria.

A credit score is generally provided by a credit reporting body and used to represent the creditworthiness of an applicant. Pepper will use credit scores to partly determine if you qualify for a loan, at what interest rate, and what credit limits. Many factors can impact your credit score including number of enquires, adverse credit listings and personal information held on your credit file.

Pepper is Australia's number 1 alternative lender, and we live our mission: to help people succeed.

We specialise in working on each individual application so we can fully understand your real life situation and help find a suitable solution.

Since 2001, we’ve been helping over 200,000 Australians who don’t tick all the traditional boxes for home loans – and we also provide personal loans as well as professional equipment and car loans. Learn more about us here.

Get Started 

Looking for a better way to manage your debt?

Apply now

*Interest rates range from a minimum of 9.99% to a maximum of 27.99% p.a. Rates are correct as at 15 October 2018 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances.

** All Comparison Rates are calculated based on an unsecured loan of $30,000 over a 5 year term. 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. 

All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.



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