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Debt consolidation Adelaide

One loan.
One repayment.

Lendology consolidates multiple debts into a single loan with one manageable repayment - and calculates honestly whether consolidation saves you money over time.

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No cost always - paid by the lender
Book a chat Call 08 8270 5138
Last reviewed: April 2026
Home›Other Loans›Debt consolidation Adelaide
Debt consolidation

Simplifying your repayments - and understanding the true cost

Debt consolidation replaces multiple loans, credit cards or other debts with a single loan at a potentially lower rate. It can reduce your monthly repayments and simplify your finances - but it is not always the cheapest option in the long run. Lendology models the true cost of consolidation before recommending it.

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Total cost vs monthly saving - Consolidating into a longer term often reduces monthly repayments but can increase total interest paid. Lendology models both figures before making a recommendation.
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Secured vs unsecured consolidation - Consolidating into a home loan reduces the rate but extends the debt over a much longer term. Lendology models whether this is genuinely better or simply feels better in the short term.
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Credit card spending habits - Consolidating credit cards only helps if the cards are not used again. Lendology discusses the full picture - finance alone does not solve a spending problem.
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Home equity option - If you own property with available equity, consolidating into a home loan may offer the lowest rate - but this converts unsecured debt into debt secured against your home.
How it works

The Lendology process

1
Full debt review
We list every debt - balances, rates, remaining terms and monthly repayments - to understand the complete picture.
2
True cost modelling
We calculate the total cost of your debts as they stand versus the cost of consolidation - including the impact of extending loan terms.
3
Lender comparison
We identify the most competitive consolidation option - personal loan, home equity loan or refinance - based on your assets, income and credit profile.
4
Application and settlement
We manage the application, coordinate payouts of individual debts and ensure the consolidation is structured to keep you financially better off.
Calculator

See the true cost of consolidation

Consolidation often reduces monthly repayments but can increase total interest if you extend the term. Lendology models both before making any recommendation.

Current debts (combined)
$45,000
18.00%
9.00%
5 years
Before vs after
MetricBeforeAfter
Monthly repayment$1,372$934
Monthly saving - $438
Total interest paid$37,338$11,054
Before assumes minimum repayments over 3 years. Watch total interest if you extend the term significantly - lower monthly repayments can mean more total interest paid. Lendology models this honestly before recommending consolidation.
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Common questions

FAQs

Will debt consolidation save me money?
It depends on the rates, terms and amounts involved. Consolidation often reduces monthly repayments - but if you extend the loan term, you may pay more total interest even at a lower rate. Lendology models both the monthly saving and the total cost before making any recommendation.
Can I consolidate credit card debt into a home loan?
Yes - if you have available equity in your home. This gives you the lowest possible interest rate but converts unsecured credit card debt into debt secured against your property and extends the repayment period. Lendology models the full impact before recommending this approach.
Does debt consolidation hurt my credit score?
A single loan application results in a credit enquiry, which has a minor temporary impact. Closing existing credit accounts after consolidation may also affect your credit score. Lendology discusses the credit implications before lodging.
What debts can be consolidated?
Most unsecured debts can be consolidated - credit cards, personal loans, buy-now-pay-later balances and other consumer debts. Some lenders also consolidate car loans and other secured debts. ATO debts require specialist advice and are generally handled differently.