Need to consolidate multiple debts into one payment? Talk to the experts
Feeling the pinch with debts piling up? High interest credit cards and loans can really eat away at your cash reserves and cost way more than they need to if you can’t get on top of them quickly. Fortunately, a debt consolidation loan through Focus Finance could help you do just that.
We’re partnered with a wide range of flexible lenders who can work with you to cover your debts into one manageable payment so you can clear them now and pay them off at your own speed.
Best of all, we’ll be with you every step of the way! From providing a free pre-approval and comparing your options to submitting and settling your loan for you, it pays to go with the experts. Get started with us now!
Why Focus Finance?
More choice
With access to over 50 of Australia’s top lenders, we’ll be able to compare more options to find the best one available to you.
Convenience
We do all the hard work for you in comparing loan products, interest rates, fees and lending criteria, saving you time and effort.
A modern approach
We make use of industry-leading technology to help connect you with your ideal lender as quickly as possible.
Personal touch
Your consultant will guide you through the whole process, keeping you informed and answering all your questions along the way.
Understanding
You won’t be treated like just another number. We make sure we understand your needs to find you the solution you’re after.
Brands you can trust
We’re accredited with reputable insurers, banks and non-bank lenders, so we’ll only connect you with trustworthy financiers.
What debts can I consolidate with a loan?
The beauty of a debt consolidation loan is that you can use it to cover just about anything you like. Here are some of the debts and other common expenses that these loans are taken out for:
Credit cards
Payday loans
Other personal loans
Buy now, pay later loans
Store cards
Household bills, such as utilities, phone and internet
School or education fees
Medical bills
When you apply with us, you can speak with your Focus Finance consultant about what you need your consolidation loan for, and we’ll help you find the most suitable offer available for your situation.
Debt Consolidation Eligibility Criteria
While exact requirements vary between lenders, here are the key criteria you’ll typically need to meet when applying for debt consolidation:
Age & Residency – You must be at least 18 years old and an Australian citizen, permanent resident, or eligible visa holder.
Stable Income – Lenders require you to earn a consistent income above their minimum threshold to ensure you can manage repayments.
Employment & Banking – A steady job and having your income deposited into a bank account are essential for approval.
Credit Score – Your credit history should meet the lender’s minimum credit score requirements to demonstrate financial responsibility.
At Focus Finance, we work with a panel of trusted lenders to find the best loan for your circumstances. Our consultants will guide you through the process and match you with a lender that suits your needs.
Documents Needed for Your Debt Consolidation Application
While requirements can vary between lenders, you’ll typically need the following documents to apply for a debt consolidation:
- Identification – A valid driver’s licence or another government-issued photo ID, such as a passport and/or Medicare card.
- Proof of Income – Your last two payslips to verify your earnings and financial stability.
- Bank Statements – Some lenders may request 3 months bank statements as a part of their assessment.
Your Focus Finance consultant will guide you through the process, ensuring you have everything needed to secure the best loan for your situation.
Is a Debt Consolidation Loan Right for You?
A Debt Consolidation Loan may be right for you if:
You have multiple debts with high-interest rates
You're struggling to keep up with multiple repayments
You want to reduce your repayments
You're looking to simplify your finances and gain peace of mind
Take the First Step Toward Financial Freedom
Don’t let multiple debts overwhelm you. Our expert finance brokers will find the right debt consolidation solution tailored to your needs.
Frequently asked questions
There’s a variety of factors that go into determining your interest rate. Your lender will consider:
- Your income and expenses
- Your credit score
- Your history with similar debts
- The assets you own and whether you’re offering security
- Whether you’re applying jointly with a partner
Your free pre-approval through Focus Finance will show you an indicative rate from one of our lenders, giving you an idea of what you might be offered when you formally apply with us.
Accredited with Australia's top lenders
Tailoring the right loan to suit you and your needs not just the banks.
We'll compare and help choose the best loan option from our panel of 50+ lenders.
