To be eligible for a debt consolidation  loan, you must be at least 18 years old, provide valid ID, and demonstrate a steady income. At Ausloans, we work with a wide panel of lenders who support various applicant types — including homeowners, tenants, and sole traders. Even if you're self-employed or have minimal documentation, we offer low-doc finance options that make it easier to get approved.

Debt consolidation combines various smaller debts into one new loan, usually to reduce interest and simplify payments. Refinancing usually replaces one existing loan with another, ideally with better terms. In many cases, you may do both at once—consolidating and refinancing simultaneously.

While a lower credit score may affect your interest rate, it doesn’t disqualify you. We compare lenders willing to work with your situation, helping you get funded even when banks say no.

With Ausloans, speed is on your side. Our online platform provides instant pre-approval in under 3 minutes. Once you submit your supporting documents, many lenders can release funds within 1 to 2 business days. This fast turnaround means you can get started on your renovations without delay.

Beyond the interest rate, personal loans can include setup fees, account-keeping charges, and sometimes early repayment penalties. Ausloans helps you understand the true cost by showing comparison rates, which factor in most fees and charges. We’ll help you avoid hidden costs by comparing real offers from Australia’s top lenders — all in one place.