Debt Detox Calculator

One simple plan to cut your repayments and simplify your life – Roll credit cards, car, personal loans and more into your mortgage. One repayment. Less stress.

No upfront credit checks. Free to try.

What could one simple repayment look like for you?

Well Money Step 1 of 4

What debts do you want to consolidate?

Start with your home loan, then add any other debts.

Home loan balance ($)

Current rate (%)

Other debts

The type of debt, how much is owing, and the interest rate you're paying on it.

Debt type

Balance ($) Rate (%)

Debt type

Balance ($) Rate (%)

Featured Well Money home loans

Rates and options for debt consolidation loans

Get lower rates from day 1 with our super-low rate home loans.

No unfair loyalty systems or unnecessary features. Just great features, at a great rate.

40 year loan terms available
P&I or Interest Only repayment options
Self employed options available
Flexible rates for different types of consolidations
Unlimited debts to be consolidated may be available

FEATURED "live-in" Debt detox loan

Next Step Debt detox

6.31%

Interest rate p.a.

6.35%

Comparison rate p.a.

Complex "live-in" Debt Consolidation loan

Flex Debt Detox

7.37%

Interest rate p.a.

7.74%

Comparison rate p.a.

Introduction to a debt detox

When a debt consolidation loan is right for you

When it comes to debt consolidation, timing is everything. Think of it as bringing scattered chess pieces back into formation—you do it not for the sake of movement, but to set up a winning position. Here’s how to know when consolidation may be right for you:

1. Multiple debts, multiple headaches

If you’re managing several credit cards, personal loans, or store finance accounts, keeping track of different due dates and interest rates can feel overwhelming. Consolidating your debts into one loan means you’ll only have one repayment to manage, which can reduce stress and help you stay organised.

2. Your interest rates are high

Credit cards and unsecured loans often come with double-digit interest rates. If you qualify for a debt consolidation loan with a lower interest rate, you could save a significant amount over time. The savings are even clearer when you run the numbers in our Debt Consolidation Calculator. It’s always important to remember that just because your home loan may be on a low competitive rate, those high interest accounts could be eroding your savings.

3. You want predictable repayments

Variable credit cards can leave you guessing about how much interest will be charged each month. A debt consolidation loan usually comes with a fixed or structured repayment schedule. This makes it easier to budget with confidence and know exactly when you’ll be debt-free.

4. You’re serious about becoming debt-free

A consolidation loan works best when it’s paired with a commitment to stop relying on high-interest credit. If you’re ready to make a fresh start and stick to a repayment plan, consolidating can be a powerful reset button for your finances.

5. You have a steady income

Lenders will want to see that you can afford the new loan. If you have reliable employment or consistent self-employed income, you’re more likely to get approved on competitive terms.

6. You want to protect your credit score

Missed or late payments on multiple accounts can hurt your credit rating. Simplifying everything into one repayment can make it easier to stay on track, protecting—and even improving—your credit score over time.

Debt consolidation is right when it lowers your cost of borrowing, simplifies your financial life, and positions you to become debt-free faster; not just when it reshuffles balances.

How does it work?

Once you’re ready to chat about a Well Money debt consolidation home loan it only takes a few minutes to get started. Filling out our easy enquiry form (so that we can make sure you’re eligible) is all it takes!

At Well, it’s as personal as online gets.

Got questions?

FAQ's about Debt consolidation loans

Does debt consolidation hurt your credit score?

No — using our calculator is safe and does not involve a credit check. A full application may involve one, but that’s only if you choose to proceed.

Can I consolidate if I’m self-employed or casual?

Yes. Many lenders accept self-employed income, contractor work, or casual PAYG, provided there’s a history of consistent earnings

What interest rate will I get?

It varies based on your credit history, income, and security. Running the numbers here gives you an estimate — our eligibility check goes deeper to match you with real products when you speak with our home loan experts.

Will my home loan rate be higher?

With a debt consolidation loan, it’s not about the interest rate that you will be paying on your consolidated mortgage, but instead it’s important to focus on the savings that you can acheive by moving the super high rate loans out of your life!

The good news, is that a Well Money home loan still will have a very competitive rate for your situation.

Can I use debt consolidation to release equity?

Yes. Some of our product options allow limited cash-out for purposes like business working capital or refinancing multiple loans