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Debt. Consolidation Loan
Consolidate all your existing loans into one and manage your instalments in one monthly payment with EFT capital
Debt consolidation combines multiple debts into a single payment. It can work for consolidation for bad credit and also if your debt isn’t too much and you have good credit and a plan to keep debt in check.
When debt consolidation is a right move
- Your total debt excluding mortgage should not exceed 40% of your gross income.
- Your credit score is good enough to qualify for a 0% credit card or low-interest debt consolidation loan.
- Your cash flow consistently covers payments toward your loans.
- You have a solid plan to prevent running up debt again.
When debt consolidation isn't worth it
- Consolidation isn’t a silver bullet for all your debt problems. It’s not the solution if you’re overwhelmed by debt and have no hope of paying it off even with reduced payments.
- If your debt load is small and you can pay it off within six months to a year with your current pace.
- Try a do-it-yourself with a debt payoff method instead.
- If the total of your debts is more than half your income, and your loan advisor believes that debt consolidation is not your best option, you’re better off seeking debt relief than treading water.
Debt Consolidation Loan with EFT Capital
|Loan amount||Secured options||Loan term|
|$2000 – $10 000||Unsecured or secured||6 months to 3 years|
|$10 000 – $20 000||Secured only||6 months to 3 years|
Apply For loan
Submit an application online. Apply Now
Upload all your supportive documents to your application or you can email it directly to us: firstname.lastname@example.org Documents will be 2 payslips, 3 month bank statement, copy of driver’s license or passport, medicare card or bank card
Our loan specialist will review your application and contact you to discuss
If approved, loans terms will be provided and contract issued
Client to sign contract electronically or manually
Funds transfers to your bank account
- Over the age of 18yrs old
- Currently an Australia Citizen, residents or hold a valid working visa
- Have a bank account that is lined to internet banking
- Have regular income going into a bank
- Have at least 90 days of bank statement (we can supply you with a linked to easily upload)
- Equifax Pty Ltd