Debt Consolidation Loans in Perth
Roll your high-interest debts into one easy monthly repayment. We work harder to say yes more often, helping you take control of your finances today.
Say Goodbye to Debt Stress
Managing multiple repayments is a full-time job. Let's simplify your financial life.
One Easy Roll-Up
Juggling credit card bills, a personal loan, and a car repayment every month is stressful. A debt consolidation loan rolls all of that into one loan, one repayment, and one interest rate. You can focus on getting ahead instead of keeping up.
We Shop For You
At Yes Loans, we work harder to say yes more often. As a broker, we compare debt consolidation loans across our lending panel (Angle, Latitude, Sovereign, Pepper, and more) to find a structure that fits your situation. We don't just place you with the first lender.
No-Obligation Expert Advice
Whether you're dealing with credit card debt or a mix of both, our team can walk you through your options with no obligation. Call us on (08) 9472 3000 or apply online to get started with a professional team you can trust.
One Easy Repayment
Roll multiple debts into a single monthly repayment and take the juggling out of your finances.
We Compare Lenders
As a broker, we shop your application across a panel of lenders to find the most competitive rate and terms.
Approval-Friendly
Been knocked back before? We work with lenders who look beyond a credit score and see the whole picture.
No Obligation
Chat to one of our brokers and find out where you stand before you apply with zero commitment.
Ready to take control of your debt?
Call (08) 9472 3000 or apply online. Our brokers will find the structure that works for your budget.
What Is a Debt Consolidation Loan?
A debt consolidation loan is a type of personal loan used to pay out multiple existing debts at once. Instead of making separate repayments to several lenders, you take out a single loan that covers all of them. From there, you repay one fixed amount, to one lender, on one date each month.
"Debt consolidation is the most common reason Australians take out a personal loan, accounting for around 54% of all personal loan applications."
- Source: Money.com.auWith Australian credit card interest rates averaging around 20.99% p.a. (RBA), consolidating at a lower rate can reduce what you're paying in interest overall and get you debt-free sooner.
What Debts Can Be Consolidated?
Choosing the Right Structure
There are two main ways to consolidate. Here is how they compare.
Secured Loan
Requires an asset as collateral
Unsecured Loan
No collateral needed
Unsecured is our most popular choice for consolidating credit cards. However, if you have a vehicle with equity, a secured loan could save you thousands in interest over the life of the loan.
Can I Get a Loan with Bad Credit?
Yes, in many cases. The first quarter of 2026 has seen a surge in enquiries from Australians dealing with cost-of-living pressures, and many have less-than-perfect credit histories.
As a broker, Yes Loans works with lenders who are experienced with non-standard applications, including Pepper Money and Money3. They assess each application on its individual merits rather than a simple credit score threshold.
Worth Knowing:
A debt consolidation loan can actually help your credit score over time. Consistent, on-time repayments are a lot more manageable than juggling multiple debts.
The Benefits of Consolidating
Simplified Finances
One repayment instead of many. No more tracking multiple due dates.
Lower Interest Costs
Consolidating at 12% p.a. vs 20.99% p.a. credit card rates saves significant money.
Clear End Date
Set terms mean you know exactly when you'll be debt-free.
Improved Credit
Consistent repayments build a positive credit history over time.
Things to Consider
Compare the Comparison Rate
Includes fees to show the true cost of the loan. Don't just look at headline rates.
Watch the Loan Term
A longer term reduces monthly cost but can increase total interest paid.
Licensed Lenders Only
Yes Loans holds ACL 392426. Always deal with licensed credit providers.
How to Apply in 3 Easy Steps
Talk to Us
Call (08) 9472 3000 or apply online. No commitment or credit check at this stage.
We Compare
Our brokers scan our panel (Latitude, Pepper, etc.) to find the right fit for you.
Get Funded
On approval, funds pay out your existing debts directly. You start your new schedule.
Common Questions
What is a debt consolidation loan?
A debt consolidation loan is a type of personal loan used to pay out multiple existing debts at once. Instead of making separate repayments to several lenders, you take out a single loan that covers all of them, then repay one fixed amount, to one lender, on one date each month.
Can I get a loan with bad credit?
Yes, in many cases. As a broker, Yes Loans works with lenders who are experienced with non-standard applications, including Pepper Money and Money3. They assess each application on its individual merits rather than a simple credit score threshold, so it is worth talking to us before you assume you are out of options.
Secured vs Unsecured - what's the difference?
A secured loan is backed by an asset such as a car or property, which usually means lower interest rates and higher borrowing limits, but the asset can be at risk if you cannot repay. An unsecured loan needs no collateral, offers faster approvals, and carries slightly higher rates based on your credit profile. Unsecured is our most popular choice for consolidating credit cards.
Will it affect my credit score?
Getting a quote or having an initial conversation with our brokers does not require a hard credit check. A debt consolidation loan can actually help your credit score over time, because consistent, on-time repayments on a single loan are far more manageable than juggling multiple debts.
Are there government consolidation loans?
There is no specific government debt consolidation loan. Consolidation loans are provided by licensed banks and non-bank lenders. If you are experiencing financial hardship, free financial counselling is available through the National Debt Helpline, and our brokers can point you in the right direction.
How much can I borrow?
The amount you can borrow depends on your income, your existing debts, the loan structure, and the individual lender's criteria. Secured loans generally allow higher borrowing limits than unsecured loans. Our brokers can give you an indicative amount based on your situation before you apply.
What happens if I miss a payment?
If you miss a payment, it is important to sort it out as soon as possible. The lender may contact you with a missed repayment reminder. Missed payments can attract fees and affect your credit file, so if you are struggling, contact your lender or our team early to discuss your options.
Consolidation vs Refinancing?
Debt consolidation combines several separate debts into one new loan with a single repayment. Refinancing replaces an existing loan with a new one, usually to secure a better rate or terms on that same debt. Consolidation is about simplifying multiple debts, while refinancing is about improving the terms of one.