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60+ lenders compared
No cost to you
Debt consolidation

Roll your debts into one lower payment

Credit cards at 20%. Personal loans at 15%. Car loans at 12%. Your mortgage rate is around 6%. We consolidate everything into one structured repayment - and model the real cost so you know exactly what you are signing up for.

Get my consolidation estimate Call 08 8270 5138
$1,800
Monthly saving
Salisbury client case study
60+
Lenders compared
Access to the full market
$0
Cost to you
We are paid by the lender
5 yr
Debt-free timeline
Structured payoff, not 30 years
Last reviewed: August 2026
HomeHome LoansDebt consolidation Adelaide
Free debt consolidation estimate

Tell us your debts. We will model the real cost.

A short, honest assessment from Jason or Steve. We calculate your monthly saving, total interest cost and payoff timeline - and reply within one business day.

No cost · No obligation · Replied to by Jason or Steve within one business day

The interest trap most people don't see

Multiple debts at high rates are eating your income

Most people know their credit card rate is high. But when you add up the interest across every debt, the total cost is staggering. The gap between what you are paying now and what a home loan rate would cost is where the saving lives.

Credit cards
18-22%
interest rate
Personal loans
12-16%
interest rate
Car loans
8-12%
interest rate
Home loan rate
~6%
interest rate
The gap is where the saving lives
On $50,000 of debt, the gap between your credit card rate and your home loan rate is worth $7,000 to $8,000 per year in interest alone. That is money going to interest payments instead of paying down the debt.
How we structure it properly

Naive consolidation is dangerous. Here is why structure matters.

Rolling debt into your mortgage can save thousands or cost thousands. The difference is how it is structured. Most people just add the debt to their existing loan and forget about it. That is the wrong way.

The wrong way
Stretching $65,000 over 30 years at 6%
If you add $65,000 to your existing 30-year mortgage and make minimum repayments, you will pay approximately $75,000+ in total interest on that debt alone. You save on monthly payments but pay far more overall.
$75,000+
total interest paid
The right way
Separate 5-year split at 6%
If you put the $65,000 on a separate loan split with a 5-year payoff schedule at 6%, you pay approximately $5,800 in total interest. The monthly payment is higher than a 30-year term but dramatically lower than your current debt payments.
$5,800
total interest paid
How Lendology structures every consolidation
We always structure consolidated debt on a separate loan split with a defined payoff date. Your original mortgage stays on its own term. The consolidated portion gets paid off in 3-5 years, not 30. This is the difference between saving money and wasting it.
Real example: Salisbury client

$65k in debts consolidated - $1,800 monthly saving

$65k
Debts consolidated
$1,800
Monthly saving
3
Cards closed
5 yr
Payoff timeline
The situation

Single mum on $82,000 income with a $480,000 home in Salisbury and a $290,000 mortgage. She had accumulated $65,000 across 5 debts - three credit cards, a personal loan and a car loan. Minimum payments across all accounts totalled $2,800 per month, leaving almost nothing for living expenses.

What Jason did

Refinanced to $355,000 with a split structure - the original mortgage on a 25-year term and the consolidated $65,000 on a separate 5-year split. All credit card and personal loan accounts were closed at settlement. The car loan was paid out directly by the new lender.

The outcome

Monthly debt payments dropped from $2,800 to approximately $1,000. That is $1,800 per month back in her budget. The consolidated debt will be fully paid off in 5 years, and the original mortgage continues on its existing term.

"I was too embarrassed to talk to anyone about how much debt I had. Jason was completely non-judgmental. Within a month I went from five separate payments eating my entire pay to one manageable repayment. I can actually breathe now."
S
Salisbury client
Debt consolidation, 2025
Read the full case study
Calculator

Calculate your consolidation saving

See how much you could save by consolidating your debts into a home loan split. Adjust the inputs to match your situation. This is a guide only.

Your debts
$50,000
18.0%
6.0%
5 years
Your saving
$1,500/mo
Current monthly
$966/mo
New monthly
$534/mo
Monthly saving
$32,089
Total interest saved
This calculator uses standard amortization to compare repayments. Actual savings depend on your specific debts, rates and lender terms. Lendology models the exact numbers for your situation at no cost.
Get my exact consolidation saving
The process

From first call to one single payment

Lendology manages the entire consolidation process. You focus on getting your finances back on track.

1
We review your debts
Send us a summary of what you owe. We review the rates, balances and minimum payments across all your debts.
2
We model the consolidation
We calculate the exact monthly saving, total interest cost and payoff timeline. We show you what happens if you stretch it vs pay it off fast.
3
We find the right lender
We compare 60+ lenders to find the best rate and structure for your situation. Some lenders are better for consolidation than others.
4
Settlement and close
The new lender pays out all your debts directly. Credit cards are closed at settlement. You make one payment from day one.
Get my consolidation estimate Call 08 8270 5138
Common concerns

The concerns people have about consolidation, and the reality

Most of the reasons people hesitate on consolidation are based on assumptions that are easy to address.

"Will I end up paying more interest overall?"
Not if structured correctly. We put consolidated debt on a separate 3-5 year split, not your full 30-year mortgage term. This means lower monthly payments AND less total interest than you are currently paying.
"Do I need to close my credit cards?"
Yes, and that is a good thing. Most lenders require credit card accounts to be closed at settlement. This removes the risk of re-accumulating debt. You keep your debit card and one emergency card if needed.
"Will this affect my credit score?"
Closing multiple accounts and consolidating into one loan can actually improve your credit profile over time. There is a minor temporary impact from the new application, but responsible repayment history builds quickly.
"What if I don't have enough equity?"
You need enough equity in your home to cover the consolidated amount without pushing your LVR above 80%. If you are close to the limit, we can still explore options - some lenders are more flexible than others.
"Is there a cost to use a broker?"
No. Lendology is paid by the lender, not by you. The rate you get through us is the same as going direct - often better because we negotiate across 60+ lenders.
Lenders we compare for consolidation
ANZ Westpac CBA NAB Macquarie Bankwest ING Suncorp Bank of Queensland Adelaide Bank + 50 more
We compare rates and consolidation policies across all lenders on our panel. Some lenders are more flexible on LVR and debt types than others.
Google reviews

118 five-star Google reviews

Read all reviews
Guides and resources

Go deeper

Blog
Debt consolidation through your home loan
Blog
Should I refinance?
Blog
Cost of refinancing
Case study
Consolidating $65k in debts
Case study
Refinancing to save $180k
Calculator
Refinancing savings calculator
Calculator
Repayment calculator
Common questions

FAQs

How does debt consolidation through a mortgage work?
You refinance your existing mortgage plus all other debts into a single home loan. The new lender pays out your credit cards, personal loans and car loans directly at settlement. You make one monthly repayment at a much lower interest rate.
How much can I save by consolidating debt?
It depends on the amount and interest rates of your existing debts. As a guide, moving $50,000 from credit card rates (20%) to a home loan rate (6%) saves approximately $7,000 per year in interest alone. We calculate the exact numbers for your situation.
Will I end up paying more interest if I consolidate into my mortgage?
Only if you spread the debt over your full mortgage term. We structure consolidated debt on a separate loan split with a 3-5 year payoff timeline. This gives you the benefit of the lower rate without extending the debt.
Do I need to close my credit cards?
Most lenders require credit cards and personal loan facilities to be closed at settlement when consolidating. This is a positive step - it removes the temptation to re-accumulate debt on cleared cards.
What debts can be consolidated?
Credit cards, personal loans, car loans, buy-now-pay-later balances, store cards, tax debts and most other unsecured debts. We review each one and advise which are worth including.
How much equity do I need?
You need enough equity in your property to cover the consolidated amount without exceeding 80% LVR. For example, if your home is worth $500,000 and your mortgage is $300,000, you have $100,000 of usable equity (to stay under 80%).
Does debt consolidation affect my credit score?
There is a minor temporary impact from the credit application. However, closing multiple high-interest accounts and making consistent repayments on a single loan improves your credit profile over time.
Is there a cost to use Lendology?
No. Lendology is paid a commission by the lender when your loan settles. There is no fee to you for our advice, comparison or application work.
Local debt consolidation help

Adelaide suburbs we serve

Debt consolidation for homeowners across Adelaide - one repayment, lower rate, clear payoff date.

Salisbury Morphett Vale Myrtle Bank Westbourne Park Clarence Gardens Morphettville Millswood Camden Park Elizabeth Lonsdale
View all suburbs we serve
Ready to clear your debts?

Book a chat with Jason or Steve. No obligation, no cost.