A smarter way to repay.


"Excellent customer service and unbelievably low rates"

Matthew K, Yarrawonga VIC 





Variable rate




Comparison rate*

A flexible unsecured consolidation loan with one low application fee and $0 account keeping fees. For good credit borrowers who want to save money and repay their cards sooner. 

Taking control of your credit cards is easy with an unsecured consolidation loan and Parker Lane. 

Repay up to 5X faster

Lower repayments

Save thousands

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




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 (8.55% 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.


Book a FREE call

Light-speed service from a real person.

Schedule a time that is convenient to you.


Borrow $1,000 up to $30,000 without the need to secure against your home 


Use your cash and savings to save interest and repay your loan sooner


Redraw additional funds paid when you want them. (redraw fee applies)


Repay your loan and close your account at any time without penalty


Use your cash and savings to save interest and repay your loan sooner


A low once off application fee  which can be added to the  loan at settlement


Use your cash and savings to save interest and repay your loan sooner


Choose the repayments that suit you. Choose to repay your loan from 1 up to 5 years.

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.


up to 5





Variable interest rate




Comparison rate*

About the lender

A not-for-profit Customer Owned Banking Institution with a history of outperforming the major banks. Established in 1964.


up to 5


Variable interest rate







Comparison rate*

About the loan

An unsecured personal loan for the purposes of consolidating and cutting up your credit cards once and for all.

Hundreds of Australians speak to Parker Lane every month about ways to save money.


Out of 5


Thursday, January 17, 2019

Exceptional services !

Parker Lane have been excellent in helping us navigate our way for getting our mortgage, as we have very difficult circumstances and no other mortgage agents could help us.

Our morgage broker, Travis Tombs has done an amazing work on this. His knowledge of the industry and loan products, as well as dedication to helping find the right product that suits our needs is unparalled. In addition to this, his work ethics and willingness to set up the call at whatever time suit us is a reflection of him truly undertstanding his customer needs (as we have a big time zone diffrence). He chased up what was missing without any delay and ensured the correct information was provided and ensuring we always on track with the process, eventhough during his Christmas holiday. That kind of services is beyong our expectation.

We are very satisfy with everything that Parker Lane has done for us and very happy we could do the settlement this week. The team we work was exceptional and they also have great management support. I would definitely recommend to anyone !

Anna DF

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.


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

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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.