top of page
FREE YOURSELF FROM CREDIT CARD DEBT
Australia's #1 finance service rated by customers
.png)
Taking control of your credit cards is easy with a unsecured consolidation loan and Parker Lane.
Repay up to 5X faster
Lower repayments
Save thousands
HOMEOWNER
SPECIAL
up to 5
YEARS
7.99
%
p.a.
Variable interest rate
8.26
%
p.a.
Comparison rate*
About the lender
A not-for-profit Customer Owned Banking Institution with a history of outperforming the major banks. Established in 1964.
Special offer
NON HOMEOWNER
up to 5
YEARS
Variable interest rate
9.99
%
p.a.
10.21
%
p.a.
Comparison rate*
About the loan
An unsecured personal loan for the purposes of consolidating and cutting up your credit cards once and for all.
32 Billion reasons to consolidate.
There are 16 Million credit cards in circulation in Australia with an average balance of $2,062. That's a staggering $32 Billion of outstanding balances.
Credit cards are great for the daily expenses you plan to repay immediately. But for purchases you plan to repay over time, there are better options available.
When to consolidate?
If you're not repaying your card balances back to zero every month, your credit cards could be costing you a small fortune in interest.
Are your cards costing more than just your sanity?
CALCULATE HOW MUCH YOU WILL SAVE BY CONSOLIDATING YOUR CREDIT CARDS.
CALCULATION ASSUMPTIONS
Credit Cards: Minimum credit card repayments of 2.5% of outstanding balance OR $20 (which ever is greatest). Credit Card Cutter: 7.99% p.a. interest rate (8.26&+% p.a. comparison rate) 1 to 5 years. Savings: Savings do not take into account credit card fees and charges of the Credit Card Cutter application fee.
interest
saved
Calculte you Savings
Credit Card -v- Consolidate
Credit cards can look much the same as a personal loan. You borrow at an interest rate and repay over time. But there are four key differences.
No fixed term
Credit cards don't have a fixed repayment term. This means you'll always have the temptation to draw your credit card right back up to the limit.
Reducing Repayment
Minimum repayments are calculated as a percentage of the outstanding balance (usually 2% or 2.5%). The result can mean 4 to 5 times more interest than a consolidation loan and decades longer to repay.
Access to the money
Unlike a personal loan which you need to redraw to spend, a credit card is sitting right there in your wallet, ready to spend.
It's like carrying a packet of cigarettes with you when you're trying to quit smoking.
Honeymoon deals
Credit cards offer "honeymoon" deals that sound like incredible value. We all plan to transfer the balance when the intro rate is over, but few of us ever do.
LOAN FEATURES
UNSECURED
Borrow $1,000 up to $50,000 without the need to secure against your home
ADDITIONAL PAYMENTS
Use your cash and savings to save interest and repay your loan sooner
REDRAW
Redraw additional funds paid when you want them. (redraw fee applies)
EARLY TERMINATION
Repay your loan and close your account at any time without penalty
PRINCIPLE & INTEREST
Use your cash and savings to save interest and repay your loan sooner
$195 APPLICATION
One low application fee of $195 which can be added to the loan
$0 ACCOUNT FEES
Use your cash and savings to save interest and repay your loan sooner
FLEXIBLE TERMS
Choose the repayments that suit you. Choose to repay your loan from 1 up to 5 years.
-
Who is eligible to applyGreen loans are available to Australian Citizens and most of the time to Permanent Residents too. You must generally be the owner of the property (some exceptions apply) You must have a reliable source of income You must have a clear credit file (no defaults or lots of missed payments) You must be 85 by the time the loan is repaid in full Acceptable borrowers include pensioners and those reliant on centrelink benefits.
-
What documents are requiredYou'll need to prove your income, identity and purpose Photo ID Proof of income (eg payslips, ATO Notice of Assessment, Centrelink Statements Bank Statements are required for amounts above $25,000 Quote or invoice from your supplier(s) A rates notice may be required for proof of homeownership.
-
I'm self employedThat's OK but bear in mind that we'll need to verify your income with an ATO Notice of Assessment no older than 6 months. In our experience, accountants are very good at reducing taxable income which is great for tax, but not so great for proving serviceability. If you're in any doubt you can give our friendly team to discuss your requirements.
-
I have a poor credit fileUnfortunately we probably can't help you at this time. If you have any questions or would like to check your credit file, we can help.
Amazing Rates - Amazing Service
Tom Sexton, Byron Bay NSW
We Deliver WOW Every Time
Hundreds of Australians speak to Parker Lane every month about ways to save money.
4.9
Out of 5
Sunday, November 11, 2018
Fantastic and friendly service !!!
Parker Lane sorted my solar loan and were fantastic throughout the process. They found a low and competitive rate that I was very happy with and they were there during the whole process until the loan amount was ready to draw down. They went the extra step to negotiate with the credit union to customise my loan.
Highly recommended and I'll be back to Parker Lane when I need loan assistance in future.
Vincent
Sunday, October 07, 2018
Friendly and easy to deal with
Even though the consultant has changed(left Parker Lane), Melaine has handled my loan very well. Thanks for the quick turnaround time.
Sunil
Monday, June 04, 2018
Excellant and prompt service.
I was referred to Parker Lane to arrange our solar loan. From the outset we received prompt correspondence and the whole process was easy and well managed. Trisna and Veronica were great to deal with. I would definitely use and recommend them again.
Paul - South Brighton SA
◄
1 / 15
►
Please reload
"Extremely well spoken, 100% Organised and Professional in conducting every step along the way"
Cam, Lonsdale SA | 14 Nov 2018
Talk to a qualified adviser
Schedule a 10 minute call with the team voted #1 in 2018 for satisfaction to complete your application.
Apply
_edited.png)
© 2018 Parker Lane.
Parker Lane is a trading name of Upside Downside Pty Ltd. Australian Credit License Number 482276
The information contained in this website may not be current or complete, or may not remain current or complete, and therefore under no circumstances should be relied upon. No warranty or representations as to its accuracy or completeness is provided. We are not liable to your or any other person for loss, damage or injury arising from the use of, or reliance on, this information, including but not limited to loss suffered in connection with incorrect or out of date information. It is not intended to be a substitute for professional financial advice and does not purport to guarantee any projected amount of borrowings. All applications for credit are subject to normal credit approval criteria. Parker Lane specifically disclaims any responsibility or liability for any losses or damages arising from any use of or reliance upon any calculations or conclusions reached using this website. See our credit guide for further details.
bottom of page