Very happy with the outcome of my application with Loansmart. After another institution declined my loan due to bad credit, Loansmart was able to get an approval for me with an even lower interest rate!”

- Elijohn
We Make It Easy
Rates From 9.95%*
We Say Yes More Often

Smarter Loans >>> Faster

Bad Credit Debt Consolidation Loans

Are you borrowing money to pay off other debts? Do you have bad credit? If so, then a bad credit debt consolidation loan is most likely the best option for you.

  • Pay off overdue bills
  • Get a fairer interest rate
  • Spread payments out over a longer period
  • Make one affordable payment when you get paid

Take control of your debt and give yourself a bit of wriggle room. With only one payment to make each time that you’re paid, budgeting becomes a lot easier and you can save on fees and interest rates.


We care about our clients

If you’ve struggled with paying bills in the past, the last thing we want to do is put you under more stress. Instead, we help by finding a repayment solution you can afford, with fairer fees and lower interest rates.

Giving yourself a bit of ‘wriggle room’ can help ensure you don’t miss repayments in the future, so you can rebuild your credit score!

give yourself a bit of wriggle room

Loansmart wants to give our clients some breathing room, not place them under more pressure. We strive to set you up for repayment success, not failure.

How much interest will I pay on a bad credit debt consolidation loan?

If your credit score is poor, you may pay a higher interest rate therefore repayment amount and life of the loan will differ. But credit scores can be improved, and it often doesn’t take long. If you focus on meeting your monthly repayments on time, you can turn it around.

But it starts with ensuring you’re not paying more in loan costs than you need to. Getting the most affordable loan for you is the best place to start.

We don’t want to set you up to fail, so we work hard to find you smarter, more affordable options. In about 10 minutes you’ll have a good idea of what your options are.

Apply online today or give us a call on 0800 255 155.

Smarter Loans >>> Faster

We Get To Know You

Once we have a good understanding of your personal situation and goals, we start to explore options. We look outside the box and go the extra mile to provide smart solutions, which is why we’re called Loansmart!

To provide you with the best lending experience we


Move fast

Most loans can be approved and paid the same day*, so long as we have everything we need from you before 3pm.
*Subject to responsible lending checks and lending criteria.

Make it easy

No need to scan and sign, fill in and upload lengthy documents. All we need is Photo ID and recent bank statements (we make that super easy and secure too!).

Make it enjoyable

We keep you updated every step of the way, so you always know where you’re at with your application.

Make it affordable

We work hard to find you the best deal we can. After all, we know what a difference those extra savings can mean.

Get a fairer deal, faster from a professional team that cares

Applied elsewhere but been declined?

Loansmart can provide more options than other lenders.
With more options, you have more chance of getting your loan approved.

Why Loansmart


We Say Yes More Often

Applied elsewhere but been declined? Loansmart provides more options than other lenders. With more options, you have more chances of getting your personal loan approved.

More Options Tailored For You

Pay down debt faster and more affordably with lower fees and interest rates. Don’t pay more than you need to and get more options.

Interest Rates From 9.95%*

Our competitive personal loan rates range from 9.95% - 35.50%.
*Subject to credit criteria and the credit profile of the applicant.

Longer Repayment Options

With loan terms from 6 months to 84 months, tailored to your needs.

Faster Approval Process

By providing us with your photo ID and recent bank statements online, your personal loan application could be approved in just 1 - 2 hours.
*Subject to responsible lending checks and lending criteria.

Same Day Payment*

*If you complete the online contract and any additional steps before the end of the day, then funds can be paid to your account. Depending on your bank, you may receive the funds that day or the next morning.

100% Easy, Online Process

No need to print, scan or upload statements. We simply send you a secure link that authorises us to view your statements online.

Borrow up to $75,000 Unsecured or more with a Secured Loan

The amount you can borrow and whether or not security is required is subject to standard lending criteria. We can use property (Caveat) or motor vehicles as security on a loan to increase the loan size, rates and terms.
Get the complete package from a team that genuinely cares, and works hard to provide better loan options for you. Get Loansmart!

*Subject to responsible lending checks.