Debt Consolidation Loan
If you’re looking for a way to get on top of your existing debt, our Debt Consolidation Loan helps you manage all of your debt with one easy repayment.
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No monthly
fees
![](https://australianmilitarybank.com.au/sites/default/files/Money_0.png)
Repayments
from your pay
![](https://australianmilitarybank.com.au/sites/default/files/Apply-online-white.png)
Fast approval
process
Overview
Our Debt Consolidation Loan features:
- Minimum loan size $1,000, maximum $40,000
- Loan term of up to 5 years
- The option to make extra repayments
- The option to pay off your loan early without penalty
- Flexible repayment frequencies - pay weekly, fortnightly or monthly
- The option to make repayments straight from your salary
- No monthly or annual fees
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Rates & Fees
Here’s a list of the rates and fees for the Debt Consolidation Loan:
- Rate:
- Comparison rate*:
*Comparison rate based on a $30,000 loan over 5 years unsecured. WARNING: The comparison rate is applicable only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- Application fee: $150
- Monthly fee: $0
- Annual fee: $0
Additional fees may be payable. For more information please see our Schedule of Fees and Charges.
Download the Schedule of Fees and Charges
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FAQs
Here are the most common questions we get asked about our Debt Consolidation Loan. Can’t see your question? Call us on 1300 13 23 28 to speak to a consultant.
Will Australian Military Bank help me to transfer across my existing debts?
Absolutely, our friendly consultants are happy to help you out. Give us a call if you’re unsure on 1300 13 23 18.
Can I make extra repayments on my loan?
Yes. You can make additional repayments on your loan and even better, there’s no penalty for early repayment.
Can I redraw funds paid in advance from my loan?
No, the Debt Consolidation Loan does not have a redraw facility. Refer to the comparison table below for all the features.
Can I choose my repayment frequency?
Yes. You can choose the repayment frequency that best suits you - weekly, fortnightly or monthly. That means you can align your repayment to your pay day or whenever suits you best.
How long do I have to pay off my loan?
You have up to 5 years to pay off your loan but if you would like to reduce your loan term you can make additional repayments at no extra charge.
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