Debt Consolidation Loans in Perth - One Repayment, One Lower Rate

Credit cards, a car loan, a personal loan and a mortgage, all with different rates and due dates. For many Perth households the problem isn't the total owed, it's the monthly cash flow. Consolidating those debts into your home loan can replace several high-rate repayments with one lower one.

Done well, consolidation frees up cash flow and simplifies your finances. Done badly, it stretches a three-year debt over 25 years. Launch Finance structures your consolidation so you get the relief without paying for it for decades.

What we can consolidate

• Credit and store cards. Usually the highest rates in the household
• Personal and car loans. Rolled into a single home loan repayment
• Tax debt. Accepted by selected lenders
• One repayment at home loan rates in place of several at higher rates

How much equity do I need to consolidate debt?

Most lenders will consolidate up to 80% of your property's value. Some go to 90% with Lenders Mortgage Insurance, though fewer lenders are available at that level and the LMI cost can outweigh the interest you save. We confirm your property's value upfront and work out exactly where you'd sit before any application is lodged.

Will consolidating debt actually save me money?

Only if it's structured properly. A lower rate over a much longer term can cost more in total interest. The fix is to keep paying roughly what you were paying before, so the consolidated debt clears in years rather than decades. It also pays to close or reduce the cards you've cleared. Lenders assess an open credit card limit as a commitment even when the balance is zero, which affects your future borrowing capacity.

What happens next

A 15-minute discovery call. We list every debt, rate and repayment, compare lenders, and show you the monthly saving and the total cost side by side. You decide with the full picture.

Call 08 9367 4222 for a free, no-obligation chat. Or request a callback at a time that works for you.