What is debt consolidation?

Whether you’re looking to consolidate credit card debt, home loans or personal loans, debt consolidation is a manageable way to simplify your repayments. By rolling multiple debts into one, you’ll be working with one interest rate and one repayment schedule. Debt consolidation can put more money back in your pocket and help you gain more control of your financial situation.

How many debts can I consolidate into a home loan?

You can consolidate multiple debts as long as the outcome of consolidating puts you in a better financial position. At Liberty, we can look to refinance different types of debt including credit cards, personal loans, car loans and tax debt.

What’s the difference between debt consolidation and refinancing?

Debt consolidation and refinancing both involve transferring existing debt into a new debt so the borrower can take advantage of the new loan’s features. These can include a reduced interest rate, lower repayments, or a more flexible loan term. Refinancing typically involves only one loan, such as a home loan, while debt consolidation refers to merging multiple loans.

How do I qualify for a debt consolidation home loan?

At Liberty, we take a practical approach to your home loan application. We understand that not everyone fits into the same little box. That’s why we take a free-thinking approach to help customers get financial even if their circumstances are unique. So, whether you're self-employed, have a low deposit or find yourself in unique circumstances, get in touch with a Liberty Adviser to explore your free-thinking debt consolidation home loan options today.

Can I get a debt consolidation home loan if I’m self-employed?

If you’re self-employed and managing multiple debts, there are debt consolidation options available – including our debt consolidation home loan. At Liberty, we take a free-thinking approach to debt consolidation to help the trailblazers of the world to improve their financial situation. Let us help you explore your options so you can get back to business.

Can I get a personal loan for debt consolidation?

Getting a personal loan for debt consolidation can be an effective way of managing multiple smaller debts. It could reduce the interest and fees you pay and make your financial outgoings easier to manage. At Liberty, we can help you find the best solution to consolidate your debt – including through a personal loan .

What is a target market determination?

A target market determination describes who a product may be suitable for, based on likely needs, objectives, and financial situation. It also outlines who can distribute our products, how they can do this, and examples of situations when we may need to review our products and the target market. To view the target market determination for this product, click here .

What does having bad credit mean?

Having bad credit often refers to there being a default listed on your credit report. This affects your credit score and can make you appear riskier to some lenders, making it difficult to be approved for finance. Liberty’s home loans can provide the flexibility borrowers may need to rethink their current financial situation and take a step forward.

Excellent

Debt consolidation home loan

Name: Liberty Financial
Address: 16/535 Bourke St, Melbourne, VIC, 3000, Australia
Telephone: 13 11 33
Price range: Contact Us

Get back on track with a loan to help you manage multiple debts and breathe easier.

Roll your debts into one, simple repayment

Our free-thinking debt consolidation home loan can help simplify your finances, by rolling home loan, personal loan, and credit card debts into one easy to manage repayment.

Consolidate multiple debts
Borrow up to 90% of property value#
Rates from 6.59% p.a.# (6.86% p.a comparison rate*)

Get indicative pre-approval

Easy to understand features, variables and fees

Features

Maximum LVR 90%

Maximum loan amount**

$3,000,000

Minimum loan amount

$50,000

Principal and interest

Interest only***

Additional repayments

Free online redraw

BPAY

Third party account transfers

100% offset facility with Visa Debit card^##

Split loans****

Repay weekly, fortnightly, monthly

Owner-occupier & investor

Fixed rate options

Fees^{^}

Application fee

Valuation fee^^

Settlement fee

N/A

Ongoing fee (annual)

$295

Manual redraw fee

$50

Discharge fee

$395

Professional investor fee^###

$995

Ready to get moving?

Wherever you are in your journey, help is here however you need it.

Check your borrowing power

Use our simple calculator to work out how much you might be able to borrow.

Find my borrowing power

Get online pre-approval

Move ahead with confidence. Our online indicative pre-approval tool gives you an answer instantly. It's fast and fuss free.

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Contact a trusted adviser

Your local Liberty Adviser will be able to look at your financial situation and help you decide the best way forward.

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When others see the impossible, we look past that and see what we can achieve together.

We’ve helped more than 850,000 customers get financial.

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About Liberty

Liberty debt consolidation FAQs

Whether you’re looking to consolidate credit card debt, home loans or personal loans, debt consolidation is a manageable way to simplify your repayments. By rolling multiple debts into one, you’ll be working with one interest rate and one repayment schedule. Debt consolidation can put more money back in your pocket and help you gain more control of your financial situation.
You can consolidate multiple debts as long as the outcome of consolidating puts you in a better financial position. At Liberty, we can look to refinance different types of debt including credit cards, personal loans, car loans and tax debt.
Debt consolidation and refinancing both involve transferring existing debt into a new debt so the borrower can take advantage of the new loan’s features. These can include a reduced interest rate, lower repayments, or a more flexible loan term. Refinancing typically involves only one loan, such as a home loan, while debt consolidation refers to merging multiple loans.
At Liberty, we take a practical approach to your home loan application. We understand that not everyone fits into the same little box. That’s why we take a free-thinking approach to help customers get financial even if their circumstances are unique. So, whether you're self-employed, have a low deposit or find yourself in unique circumstances, get in touch with a Liberty Adviser to explore your free-thinking debt consolidation home loan options today.
If you’re self-employed and managing multiple debts, there are debt consolidation options available – including our debt consolidation home loan. At Liberty, we take a free-thinking approach to debt consolidation to help the trailblazers of the world to improve their financial situation. Let us help you explore your options so you can get back to business.

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Things you should know:

#Higher interest rates may apply. The actual interest rate applicable will depend on our assessment criteria and the loan to value ratio. Please call 13 11 33 or speak to your local Liberty Adviser for more details.

*Comparison rates are based on a secured $150,000 loan over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

**Subject to LVR restrictions.

***Interest Only loans are subject to LVR restrictions and interest rates are higher than the advertised interest rates but for further information on this product contact us on 13 11 33.

****$495 fee applies for loans with more than 4 splits.

^Other fees and charges may apply. Contact us on 13 11 33 for more information on fees and charges.

^^Additional valuation expenses may be payable where the anticipated security property value is >$1.5m, where the security property is in a regional location or for additional securities.

##Any available redraw funds held in the offset facility connected with your loan account will be used to reduce the amount of interest you pay on your loan. Liberty is not a bank. The offset facility on your loan account is not covered by any Government guarantee. International transaction fees apply on purchases or cash advances while overseas or in Australia when the merchant processing the transaction is located overseas. ATM fees apply for a cash withdrawal at a non major bank ATM or rediATM in Australia.

###Application fee and interest rate loadings apply for company/trust or professional investor (applicants with ≥4 properties).

1BInterest rates will range from 7.65% p.a. to 21.99% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 7.65% p.a. to 23.57% p.a. This comparison rate is based on an unsecured $30,000 loan over a 5-year term. WARNING: The comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.