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Consolidating your debt - Greater Bank

Consolidating your debt

The burden of debt can be heavy, but consolidating your debts with a bank with your best interest at heart can put you on the fast track to living debt-free.

Consolidating your debt - Greater Bank

Get the lay of the land

The first thing you need to do is take stock of your credit situation as a whole. As painful as this may be, it will allow you to get a realistic picture of what lies ahead.

You should calculate how much you owe on each debt, how much interest you’re paying on each debt, your debt total and the timeframe you’ve been given to honour each debt. Don’t forget to include any fees and charges you are also currently paying.

Consider your options

Consolidating your debts can come with many advantages.

You can potentially save money by not paying multiple different interest rates and sets of fees, and time by reducing your debt to one convenient monthly repayment.

Credit Cards

When it comes to methods of consolidation, the choice is yours. If you have multiple smaller debts, you may benefit from taking up a Credit Card.

Learn more about our Visa Credit Card

Personal Loans

If your debt total is larger, a Personal Loan is probably the better option for your needs.

Compare our Personal Loans

Get the right product

Before you sign up for anything, make sure you do your homework. It can be worth your while taking the time to talk to an expert from an organisation with a history of responsible lending practices, like Greater Bank.

If the idea behind consolidating is to make your repayment process easier, cheaper and more convenient, speaking to us is the way to go. As we have no shareholders, we’re able to invest our profits into providing better value rates, lower fees and helpful product features designed to help you become debt-free sooner.

Stay on budget

Now that you’ve simplified your debt landscape and are only making one repayment, with one interest rate, all you have to do is stay on track.

The key to this is setting up and sticking to a budget.

Once you’ve configured your finances so that you can support your consolidated debts, the hard part is over.

Budget Calculator

Plot your budget and stay on track with our helpful planning tool.

Get started

Compare our Personal Loans

Compare 3 products
Secured Personal Loan
Our fixed rate personal loans let you stay in control with fixed repayments for the life of the loan. Great for purchasing used cars, renovating a buying that new caravan or boat for a holiday.
New Car Loan
Don’t wait to get behind the wheel – our fixed rate new car loan offers great value rates, low fees and can be approved in as little as 24 hours*.
Unsecured Personal Loan
Need access to funds but don’t have security to offer? We’ve got you. We can lend up to $50,000 for any worthwhile personal purpose.
Variable rate 5.99 % p.a.
Comparison rate 6.37 %^ p.a.
Secured - Fixed rates for 1-7 years
Interest Rate 4.98 % p.a.
Comparison rate 5.36 %^ p.a.
Secured - Fixed rates for 1-7 years
Interest rate 8.95 % p.a.
Comparison rate 9.34 %^ p.a.
Unsecured - Fixed rates for 1-5 years
Key Features
We lend up to 120% of the value of car, caravan, boat, motorbike, term investment.
Competitive fixed interest rate which lets you stay in control with repayments.
Get pre-approved so you can shop with confidence or start planning your project.
Key Features
We lend up to 120% of the value of your new car.
Competitive fixed interest rate which lets you stay in control with repayments.
No monthly or annual fees.
Get approved in advance so you can shop for cars with confidence.
Key Features
Available for any worthwhile personal purchase. This could be a car, boat, holiday, renovation project or consolidating your debt obligations.
When borrowing, you don’t have to offer collateral as security for the loan. This means you pay a slightly higher interest rate than our Secured Personal Loan.
Maximum loan term
7 years
Maximum Loan Amount
$100,000
Minimum loan amount
$5,000
Additional repayments
Access to redraw
Available if self employed
Establishment fee
$275
Annual fee
Maximum Loan Term
7 years
Maximum loan amount
$100,000
Minimum loan amount
$5,000
Additional repayments
Access to redraw
Available if self employed
Establishment fee
$275
Annual fee
Maximum loan term
7 years
Maximum loan amount
$50,000
Minimum loan amount
$5,000
Additional repayments
Access to redraw
Available if self employed
Establishment fee
$275
Annual fee
Apply now Secured Personal Loan Apply now New Car Loan Apply now Unsecured Personal Loan

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