Debt Consolidation

Apply for the Loan
Once we've established a suitable plan for consolidating your debts, we can submit your application. You’ll need to provide financial details, including proof of income, identification, and information about your current debts.

Loan Approval and Terms
After reviewing your application, the lender will determine whether you qualify for the loan and what terms they will offer. If approved, they’ll present you with the loan amount, interest rate, and repayment terms. You will not be offered a debt consolidation where it is unsuitable to you.

Consolidate Your Debts
After receiving the loan, the lender will typically disburse the funds directly to your creditors, paying off your existing debts. From there, you’ll only need to make one monthly payment to the lender, rather than multiple payments to different creditors.

Simplified Payments
With debt consolidation, you combine multiple debts into one single loan. This means you only need to make one monthly payment, reducing the stress of managing multiple due dates and keeping track of different creditors. Most lenders offer flexibility in repayment schedules, allowing you to choose between weekly, fortnightly, or monthly payments. This lets you align your loan repayments with your income cycle, making it easier to manage your finances and budget accordingly.

Lower Interest Rates
Debt consolidation can potentially help you secure a lower interest rate than what you're currently paying on credit cards or other loans. This can save you money over time and make it easier to pay down your debt faster.

Improved Cash Flow
By consolidating your debts into one loan with a lower interest rate, your monthly payments may decrease, leaving you with more disposable income. This can give you greater flexibility in managing other financial responsibilities.

Better Credit Score Management
With fewer outstanding debts, it’s easier to keep track of payments, helping you avoid missed or late payments. Consistently making on-time payments can also boost your credit score over time.

Get your personal loan approved with Greenside Finance before you start shopping. Our fast approval process makes securing your loan simple, and our optional loan assistance service helps you find the right financial product tailored to your needs. Enjoy a smooth, hassle-free borrowing experience with pre-approval and expert guidance every step of the way.