Reach out to us and simplify your finance and lower your interest rate.
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: charl@eftcapital.com 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
Quick Links
faq-personal
EFT Capital can process a loan for any Individual that meets the below criteria:
- 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 link to easily upload)
- We provide personal loans in Australia, consolidation loan, vehicle loans in Australia, unsecured business loans, small business loans and debt consolidation loan.
Our online application process should take you no longer than 10 minutes. Once we’ve received your online application is, we’ll make sure a staff member process it within 24 hours. In most cases you will have an answer within hours. Online instant loans and online cash loans are available subject to lending criteria.
Yes we do accept application from individuals receiving government benefits. EFT Capital will take good care ensuring you can afford a loan under our responsible lending requirements. A cash loan on centrelink income can be discussed with a friendly team member if you unsure about your eligibility
There are many other options before applying for a loan:
- Call 1800 007 007 anywhere in Australia to talk to a free and independent financial counsellor.
- If you are on Centrelink, you can request an advance www.humanservices.gov.au/advancepayments
- For lots of other advice, you can visit the Australian governments Moneysmart website www.moneysmart.gov.au
Yes, our business loan interest rates are competitive. We will need to prove your income by obtaining a 3 month bank statement.
Yes, but we will need to proof that you are earning a regular income from an Australian employer. EFT Capital is a friendly student loan company that assists with loans for student.
Unfortunately no, whilst you under any debt agreement we won’t be able to assist. If you have been successfully discharge we will be more than happy to accept an application
Yes, we provide consolidation loans for bad credit. Consolidation loans for bad credit and personal loans for bad credit Australia can be discussed with one of our friendly staff.
Yes, as a responsible lender we will preform a credit check. EFT Capital assist people that have bad credit or no credit rating at all. We current use the below Credit reporting body:
- Equifax Pty Ltd
- www.equifax.com.au
Fees and interest are subject to a full assessment being conducted. Our friendly staff member will be able to provide you with repayment amounts once an assessment has been completed. Our interest rate compare extremely well against other private lenders in the market.
If you are a new client there is good chance our team will contact your employer to verify your employment. We will be very discreet and not disclose any personal information about your loan application.
Our loans range from $2000 - $20 000
Please note all loans over $10 000 will have to be secured by a motor vehicle. If we are unable to provide you with the loan application you requested, we will look at offering you a reduced amount. A further explanation will be required to ensure the reduced will be suitable for your needs.
Absolutely yes. We here to assist our existing client for any requirements they might have. Please get in touch without staff to discuss your options.
Our friendly staff member will contact you as soon as a decision has been made. We can then discuss the terms of the offer.
Once we have got confirmation you have signed our loan contract, funds will be transferred directly to your bank account. In most case the funds will clear your account instantly.
Yes, we don’t charge any penalties for early payouts. We encourage any-one to make additional repayments to save yourself interest charges.
Applying with EFT Capital is completely free. If we can assist you with your finance request, a staff member will notify you and answer any further question you might have.