On Track Debt Consolidation Loan

Consolidate bills, credit cards and loans into a single manageable payment to get back on top of your debts!

Variable Interest Rate
11.99%p.a
Comparison Rate
12.89%p.a1

Features & Benefits

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Competitive Interest Rate
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No Monthly Service Fee
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Free Additional Repayments
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Redraw Facility Available ²

It’s all too easy for everyday expenses and lifestyle costs to pile up. Often, these piles can be in any number of places and leave you struggling to keep track. Managing multiple bills and payments can be stressful, time consuming and demoralising - especially when they don’t seem to be reducing from month to month!

At Regional Australia Bank our helpful staff can work with you to restructure your obligations into a single loan with a single regular repayment that will pay off the debt over time. By simplifying your debts and payments we can help you by saving you time, money, effort and stress.


The On Track Debt Consolidation Loan also has great features like:

  • Competitive interest rate
  • No need for a security against the loan
  • No monthly fees
  • No penalties for early payout
  • Make unlimited extra repayments and redraws2


To find out more about how we can help you get back on track, call us on 132 067, visit your local branch or click Apply Now above.

Product Details

Interest Type
Variable
Repayment Options
Principal & Interest
Security Type
Unsecured
Minimum Amount
$8,000
Maximum Term
5 years
Advance Payments
Yes
Redraw
Yes2
Repayment Frequency
Weekly, Fortnightly or Monthly
Monthly Service Fee
None
Approval Fee
$195
PPSR Check Fee (if required)
N/A
Staff Assisted Redraw Fee
$102
Variable Interest Rate
11.99%p.a
Comparison Rate
12.89%p.a1

Disclaimer

1 WARNING: This comparison rate is for an unsecured variable rate On Track Debt Consolidation Loan based on $15,000 over 3 years. It refers to the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Interest rates are on a per annum basis and are current as at 06/04/17 and are subject to change.

2 Minimum redraw amount is $200. A Redraw Fee applies for staff assisted redraws.

Terms, conditions, fees, charges and normal lending criteria apply. See Fees & Charges for full details.
Please refer to the Product Details when considering if this product is right for you.
Community Mutual Ltd is the issuer of the product.