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Put credit card debt where it belongs
EXCLUSIVE
OFFER
Comparison rate*
9.99
%
p.a.
Fixed interest rate
11.23
%
p.a.
up to 7
YEARS
Put your high interest debt where it belongs.
Australia's #1 finance service awarded by customers
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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 are not repaying your card balances back to zero every month, your credit cards could be costing you a small fortune in interest.
Repay your cards up to 5X sooner
Credit cards can be a decades long debt trap because there is usually no fixed monthly repayments or minimum term...
new repayments
interest
saved
^CALCULATION ASSUMPTIONS
Credit Cards: Minimum credit card repayments of 2.5% of outstanding balance OR $20 (which ever is greatest). Credit Card Cutter: 8.99% p.a. interest rate (9.27% p.a. comparison rate) 1 to 7 years. Savings: Savings do not take into account credit card fees and charges of the Credit Card Cutter application fee.
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 which could be costing you time and a lot of money.
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.
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
FLEXIBLE FEATURES
UNSECURED
Borrow $1,000 up to $30,000 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
APPLICATION FEE
A low once off application fee which can be added to the loan at settlement
$10 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.
Obsessed with Delivering
WOW Every Time
Hundreds of Australians speak to Parker Lane every month about ways to save money.
4.9
Out of 5
Sunday, January 13, 2019
Loan For Solar (Green loan)
Melanie knew her business, was easy to relate and chat with..
Helped with the 10 emails I sent her, as I just am so not tech savvy.
Also sent us The good solar book, so now I am empowered with knowledge when they come to install on Saturday..
I would highly recommend..
thanks again Melanie and Parker Lane.
Linda
Thursday, January 10, 2019
Fantastic Service
Francois assisted me with getting Finance for the Solar System.
Excellent customer service from start to delivery. No pushy sales pitch at all.
Definitely recommend him to everyone.
Rohit Jaggi
Wednesday, December 19, 2018
Great help
Francois and Travis helped me through the most stressful process I've ever had with calm and friendly approach.
They were always available to chat and kept constant contact through email and phone which was great.
My settlement happened today and I'm very happy with the purchase! I never felt pressured to do anything and there were a few rocky bumps that was out of my control and theirs, but they did fantastic.
Franky Novotny
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© 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.
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