Low rate debt consolidation loans

With a simple monthly payment, a RateSetter consolidation loan could be a faster way to take control of your high interest credit card, store card or other bank debt.

RateSetter wins Canstar & Mozo awards

Say goodbye to high interest debt

A RateSetter low rate debt consolidation loan could help you eliminate hundreds or even thousands of dollars in future interest payments.

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Takes 1 minute and won't affect your credit score

A smarter way to get on top of debt

Conquer your credit card debts by combining multiple high-interest payments into one, low monthly repayment.

  • Low interest rates

    We reward good borrowers with low rate debt consolidation loans

  • Flexible loan options

    Secured and unsecured personal loans from $2,001 to $45,000. Terms from 6 months to 5 years

  • Simply smarter

    No exit fees or early repayment penalties, so you can be debt free faster. Simple online loan management to help you keep track

  • Fast online application

    No obligation 1 minute RateEstimate. Online application completed in minutes

Save thousands by consolidating debt with RateSetter

The sooner you switch to RateSetter, the sooner you could start saving.

personal loan
Big 4
Personal Loans
credit card
Comparison rate10.20%17.17%19.75%
Monthly payments$647$715$741
Interest paid over 3 years$3,300$5,731$6,666
Savings with RateSetterUp to $3,366

*Comparison rate based on current rates available for a 3 year, $10,000 unsecured personal loan for a borrower with a good credit history. Your personalised rate may be different to the example. †Credit card rate stated is RBA F5 average ‘standard' credit card interest rate as at 8 November 2017 and excludes any annual or monthly fees. Credit card calculation assumes repayment of $20,000 balance over 3 years. Both calculations assume 36 equal monthly payments and no prepayment amounts.

Consolidation loans in 48 hours

Save time before applying by making sure:

  • You are aged 21 or over
  • You are an Australian citizen or permanent resident
  • You have a regular source of income
  • You have a good credit history

Consolidate your debt now
  1. 1

    Apply online 5 minutes

    Find your personalised rate with our 1 minute RateEstimate (it won't affect your credit score), then complete our easy online application in minutes
  2. 2

    Hear from us 2 hours

  3. 3

    Get a decision 24 hours

  4. 4

    Receive your funds 48 hours

Helping Australians to consolidate and save thousands


Value of loans funded

15,000+ delighted borrowers

Top rated for personal loans

RateSetter is the highest rated personal loan provider on independent review website ProductReview.com.au, earning a rating of 4.8/5 from actual borrowers.

RateSetter wins Canstar and Mozo awards

"Thank you for making my debt consolidation process so quick and easy and at such a competitive interest rate. The process was very simple and straightforward and the staff I dealt with were helpful."

Kev Sydney

"The Team at RateSetter were very friendly and extremely understanding of my particular situation, they asked the right questions when there were some left-field elements with my application."

Jayson Melbourne

"Professional and helpful team. When I needed assistance I did not need to wait for one specific team member, whoever answered the phone was up to date with my details and able to assist immediately."

Andy Adelaide
Sydney Morning Herald - Borrowers

"Watch out big banks, here comes RateSetter"

News - Borrowers

"RateSetter may be about to revolutionise the unsecured credit sector in the same way Aussie and Wizard rocked the mortgage market in the 1990s"


Frequently asked questions

Circle the date you'll be debt free

Consolidate your debt now

RateSetter personal loan repayment terms range from 6 months to 5 years. Interest rates range from 3.7% (comparison rate 10.01%) to 9.6% (comparison rate 11.45%), subject to change depending on the rates offered by lenders in our Lending Markets. 

* Representative example: For a 36 month, $10,000 loan for a borrower with a good credit history at a comparison rate of 10.2% p.a., the estimated total amount payable including fees is $11,650 (interest payable is $1,412). 

Rates stated as at 9:00 AM, 18 January 2017 and are subject to change. RateSetter credit criteria and terms and conditions apply. 

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