Lose interest in credit cards with rates from 6.24% 1 comparison 7.06% 2* for excellent credit.
DEBT CONSOLIDATION LOANS
LET’S TAKE
CARE OF
THOSE DEBTS
CARE OF
THOSE DEBTS
Save time
and money
One easy-to-manage loan.
Save on interest with a low rate.
Know when you'll be debt-free.
Crushing debt is good credit behaviour.
LIMITED TIME OFFER
Get a better rate until 30 June
Learn more
Wisr is offering a 0.5% rate discount on debt consolidation and gap finance loans until 30 June 2025! Get a quick rate estimate to see your discounted rate.
Loan Calculator
Doing the maths is smart
Calculate your repayments on a Wisr debt consolidation loan.
- Monthly
- Exceptional
Get estimate
Details
| Total Repayments | $0.00 |
|---|---|
| Total Interest | $0.00 |
| Amount Required | $0.00 |
| Establishment Fee | + $0.00 |
| Loan Total | $0.00 |
| Interest Rate (p.a.)1 | 0.00% |
The Wisr Difference
Not your average lender
We’re smart, with a big heart.
Your rate is tailored based on your credit score.
You’ll get an outcome that’s right for you.
With no early repayment fees.
Access Debt Bustr content designed to help you stay on track with your repayments.
Our customer service team is ready to help.
Testimonials
For the part of you that learns from others
THE PROCESS
We keep it simple
- 01
Get your personalised rate estimate in 2 minutes
- 02
Apply online and get a response right away
- 03
Upload your documents
- 04
Sign on the digital line
- 05
Get your money within 24-48 hours, if approved
Product features and fees
- Loan Purpose
Debt consolidation
- Interest rate
Fixed from 6.24% 1 to 24.04%
- Comparison rate
Fixed from 7.06% 2* to 24.81% 2*
- Loan Amount
$5,000 - $62,000
- Terms
3, 5 and 7 years
- Establishment fee
$595
- Features
No early repayment fees
Eligibility criteria
- Gross income over $25,000 p.a.
- Over 18 years of age
- No unpaid defaults last 5 years
- No bankruptcies last 7 years
- Not currently in financial hardship
- Permanent Australian resident (living in Australia right now)
Q1: Why might I consolidate my debt?
You know that feeling you get when another statement arrives? It’s a bit of a bummer. We want to reduce the number of times you say “ugh, another one?"
By rolling your debts into one easy-to-manage loan, you won’t need to juggle multiple repayments. It can make budgeting a lot easier and give you a more manageable sum to repay over a set period of time. Being able to see the finish line is an excellent motivator!
Q2: How is my rate calculated?
We go proper wide-angle for this. We like to get the full story so we can offer you a rate that’s unique to you. We calculate your personalised interest rate based on a number of things – one of the main ones is your credit score. Want to know what your rate might be? Check it here in 2 minutes.
Q3: What if I have a 'bad' credit score?
We don’t like attaching negative emotions to credit scores. They’re a useful tool for us in determining your ability to repay a loan, but they’re not a reflection of who you are as a person. A ‘bad’ score doesn’t make you a bad person. It just means there’s potential room for improvement in your financial position.
Q4: How much can I borrow with a Wisr Debt Consolidation loan?
This will depend on your personal situation. As a guide, we offer debt consolidation loans between $5,000 and $62,000 with flexible loan terms of 3, 5 or 7 years. To be eligible, you must be a permanent Australian resident over the age of 18 and have a gross annual income over $25,000.
Q5: What is Debt Bustr?
Debt Bustr is our simple, 5 step approach to help Aussies crush their debts. It gives you a much clearer view of how much your debts are really costing you and our Debt Bustr calculator in Wisr App will quickly tell you if you could save money or get debt free sooner by consolidating.
Want to know more? Check out our Debt Bustr approach or jump straight into the Debt Bustr calculator on Wisr App to give it a go.
Q6: Can anyone use Debt Bustr?
Sure, anyone can use the Debt Bustr approach and calculator to get a clearer picture of their debts. Bringing all your debts into one place is a really helpful exercise to give you an idea of their true cost.
From here, you can use the Debt Bustr calculator to find out whether consolidating with a Wisr Debt Consolidation loan would be a smart move for you.
Q7: So I’ve used the Debt Bustr calculator, what’s my next move?
Once you’ve crunched the numbers, you’ll have a good idea of whether a Debt Consolidation loan with Wisr is the right move for you. If you think it is, you can then get a personalised consolidation estimate.
This will tell you if you’re eligible for a loan based on your credit history and you’ll get a personalised interest rate. And don’t worry, getting a consolidation estimate won’t affect your credit score.
FAQ
For the curious
Debt consolidation is the process of rolling your debts into one payment, ideally with a lower interest rate. This can be helpful if you’re struggling to keep up with multiple debts. Streamlining multiple debts into a single, regular repayment can simplify your finances and help you manage your cashflow more efficiently.
A Wisr Debt Consolidation loan can be customised to suit your preferences. You can choose your payment frequency and loan term, as well as make additional repayments to get on top of your debt even sooner. You might also consider downloading the Wisr Round Up App to help you pay a little extra off your loan without even noticing.
More Resources
The boring (but important) stuff
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1: This rate applies only to borrowers with excellent credit histories. Wisr will also offer loans at higher rates to applicants with good histories, but do not meet the requirements for our lowest rates. Interest rates range from minimum 6.24% to maximum 24.04% Loan example: for a borrower with excellent credit, a loan of $30,000 over a 5 year term, with an interest rate of 6.24% comparison rate 7.06% and a $595 establishment fee, the monthly repayment would be $594.91 and the total cost over the life of the loan including the establishment fee would be $35,694.44
2: Comparison rates based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments.
3: Comparison rates based on $10,000 unsecured loan, fixed over 3 years, with monthly repayments.
4: Comparison rates based on $10,000 secured loan, fixed over 3 years, with monthly repayments.
5: Comparison rates based on $30,000 secured loan, fixed over 5 years, with monthly repayments with a total loan amount compared to the vehicle asset valuation less than or equal to 130%.
* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Note: All rates mentioned on this website are calculated on a per annum basis.