What is a debt consolidation loan?
A debt consolidation loan lets you roll multiple debts—like personal loans, credit cards, or overdue bills—into one single loan. Instead of managing multiple repayments, you make just one, often at a lower interest rate.
It’s a simple, smart way to take control of your finances and stay on top of your repayments.
We believe in responsible lending, so before applying, make sure a debt consolidation loan is the right choice for your situation. You can check out our Responsible Lending Guidelines to learn more.
What are the different types of debt consolidation loans?
Knowing how much money you need to borrow is always a good idea before applying for a debt consolidation loan.
At Nimble, we offer two types of loans—small loans and personal loans. Each one caters to different needs in terms of loan size and repayment schedules.
Debt consolidation loan #1 - The Nimble small loan
If you’re looking to consolidate a few smaller debts, a small loan could be the right fit.
With a Nimble small loan, you can apply for up to $2,000, with loan terms ranging from 13 to 39 weeks depending on the amount.
Debt consolidation loan #2 - The Nimble personal loan
If you have larger debts, like a couple of credit cards or multiple personal loans, you might want to consider a personal loan instead.
With a Nimble personal loan, you can apply for between $2,050 and $5,000 and have up to 15 months to repay the amount.
What are the benefits of a debt consolidation loan?
Managing multiple repayments can be stressful, especially when they all have different due dates and interest rates. A debt consolidation loan helps you simplify things by rolling everything into one loan with a single repayment.
Some of the benefits of applying for a debt consolidation loan with Nimble include:
Less juggling, more control
One repayment instead of many makes managing your finances easier. No more worrying about missing a due date.
Potentially lower interest rates : Credit cards can come with high interest rates, and having multiple debts means paying multiple fees. Consolidating could mean a lower overall cost.
Fast approval and easy online application : No lengthy paperwork. No queues. Just a simple online application you can do in minutes, from anywhere.
We’re upfront about costs : No hidden surprises. No unexpected fees. Just clear, transparent costs, so you know exactly what you’re signing up for.
Things to consider before applying
While a debt consolidation loan can make managing repayments easier, it’s important to think about whether it’s the right option for you. Consider:
The total cost of the loan, including interest and fees
Whether you’ll actually save money compared to keeping your current debts separate
Your ability to comfortably meet the new repayment schedule
Apply for a Nimble debt consolidation loan today
Getting started is easy, and if approved, you could have the funds in as little as 60 minutes* to take control of your finances.
Ready to simplify your repayments?
Why choose Nimble?
Nimble has been helping Australians access quick, simple loans since 2005. Our online application is fast, our approvals are quick, and our customers trust us to deliver when they need it most.
Life moves fast, and we make sure your finances can keep up.
*Customers generally have funds transferred within 60 minutes of signing their loan contract between 9:00 am and 4:30 pm AEST on business days. Clearance times are subject to your bank.
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Our cash loans have helped thousands of people just like you.
