Put your balance where it belongs
"Excellent customer service and unbelievably low rates"
Matthew K, Yarrawonga VIC
FREE YOURSELF FROM CREDIT CARD DEBT ONCE AND FOR ALL
Special Offer
Variable rate
8.55
%
p.a.
Comparison rate*
A flexible unsecured consolidation loan with one low application fee and $0 account keeping fees. From a customer owned bank that puts members before profits.
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.
the difference the Cutter can make to a balance of just $7,500
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...
^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 (8.55% 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.
We're here to help
We've hand picked three of our highest rated and award winning Lending Specialists for you to choose from...
Click to book a call with one of our experts.
Melanie Cokol
Lending Specialist
Out of 5
"Melanie was very easy to talk to over phone and threw email she did a great job answering all questions and queries i had..."
Jamie S
"She made applying for a loan easy, and we had a fast approval. Look forward to doing it again..."
Mandy
"Thank you Melanie at Parker Lane for your great service....!"
Phil
Francois Lecordier
Lending Specialist
Out of 5
"I have dealt with a few firms like Parker Lane in the past BUT none of them have even come close to the level of service these guys provided!"
David
"Thank you for all your hard work Francois... The process was made easy and you were a pleasure to deal with..."
Christine T
"Francois, thanks so much for your AMAZING service, from start to finish you have been a real pleasure to work with. You made this process so simple and quick!"
Neil S
Trisna Brindamour
Lending Specialist
Out of 5
"Was great dealing with Trisna nothing was a bother for her and she was always in contact with me through the whole process and kept me up to date"
David & Ada
"Thank goodness I have found her!"
Noelene
"She displays a perfect role model for a lending specialist and I could not fault anything during the service. Thanks for your dedication, compassion and expertise."
Chris F
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.
SPECIAL
OFFER
up to 5
YEARS
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.
NON HOMEOWNER
up to 5
YEARS
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.
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
$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.
LOAN INFORMATION
Loan Details
General
-
No monthly account keeping fees
-
Use your money your way by making extra repayments without penalty and redraw your money as you need it
-
Pay your loan our early without penalty
-
Borrow from $1,000 to $30,000 with loan terms from 1 to 5 years
-
$10 membership fee applies (refunded on closure of account)
Acceptible Products covered by Credit Card Cutter
- Credit cards and store cads
-
Personal loans accepted on case-by-case bases
Fees and Charges
Additional fees may also apply. Please refer to your lender for a schedule of fees and charges.
-
New application fee $395
-
$0 monthly and $0 annual fees
-
Redraw fees may apply
-
$10 membership fee applies (refunded upon closure of account)
Eligibility
You can apply if you:
-
Are over 18 years of age
-
Have a regular income
-
Are not bankrupt
-
Are an Australian citizen, a permanent resident or have an approved working Visa
-
Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
-
Have been in your current job longer than 6 months
What you may need to apply:
-
Your personal details, such as your current and previous address, phone number and email address
-
Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.
Self employed
-
Full documentation applicants acceptable.
Home Owner Special
-
You or your spouse must be an owner of a residential owner occupied or investment property in Australia
Comparison Rate Explained
The comparison rate is ASIC's standard for comparing loans of $30K over 5 years. Comparison rates may not be the best way to compare the value of loan options which are for different amounts and terms.
Hundreds of Australians speak to Parker Lane every month about ways to save money.
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
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.
Wednesday, December 19, 2018
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.
Tuesday, December 11, 2018
Knowledgeable and dedicated
We cannot speak highly enough of the team at Parker Lane. We have dealt with both Keely and Travis throughout our experience and both were unfaultable. We had an extremely tight time frame for settlement which at one point looked totally unachievable, however thanks to Travis' hard work and dedication we managed to get it in in time. His communication between us was fantastic, always being available to answer our questions (which there were a lot of) and spelling things out for us in a way that made the process a lot less stressful than it otherwise could have been. Their knowledge and advice throughout the entire process has been incredible and we would recommend them to anyone needing a home loan in the future.
Wednesday, January 01, 2020
Working with Mel and the team at Parker Lane was easy. Lot's of communication via phone, email and text. I was never left feeling in the dark during the entire process. Mel has a very pleasant but highly professional manner on the phone. I have already recommended Parker Lane and Solar Quotes to family for them to start their journey for solar.
Thursday, January 17, 2019
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 !
Sunday, November 18, 2018
Melanie was a great help with helping organize the paper work required. And always responded quickly to emails as well as phone calls to ensure I was well informed
Tuesday, November 13, 2018
Extremely well spoken, 100% Organised and Professional in conducting every step along the way.
Trisna and the team got us sorted within 3 days of asking the question!
Monday, November 12, 2018
Trisna was fantastic to work with kept us informed all the way, very professional, great customer service highly recommend for a solar green loan.
Monday, November 12, 2018
What a great company to deal with. Francois was friendly, very informative and so easy to deal with. I had never heard of Parker Lane before but the company we are purchasing solar through highly recommended them. Francois made the whole process very simple and he kept me informed regularly. I would highly recommend Francois and Parker Trent. Thank you!
Sunday, November 11, 2018
Travis Tombs, Mortgage Broker Superstar
Being a newby to the world of home buying and obtaining mortgage finance. I was pretty much in the dark, in what was involved & what to do. Right from the start my experience with Parker Lane, was very positive & most informative. My Mortgage Broker, Travis Toombs, is an utmost professional within his field, very knowledgeable & informative.
Travis made my dream of owning my own home come to life.
Thank you
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.
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.
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.
Sunday, November 04, 2018
Great and supportive service
I didnt have a smooth start to my home loan experience but once Travis was assigned as my broker everything got better. He was supportive every step of the way and made the process easier than it felt, thank you for coaching me through my first home loan experience.
Wonderful Cistomer Service with detailed oriented Consultants.
Great products comparison with detailed oriented consultants. From start to finish I was not disappointed at any stage. Thanks to Veronica for your excellent customer service and professionalism in handling our application and getting us the best deals. You guys are awesome and the best. Thanks once again.
Couldn't ask for better !
Francois was efficient ; professional , and his service was excellent . Did not waste my time in any way and any questions or issues I had were responded to immediately. Wouldn't hesitate to recommend Francois to other prospective customers.
Geoff
Thursday, October 18, 2018
Thank you. So easy to deal with 10/10.
The experience was so quick and easy. Thank you. Great job I’m going to tell my family and friends.
Top quality service by Veronica
Great service and communication. Friendly attitude and helpful with good advice.
Highly recommended. Job was done in a timely manner.
Looking forward for my Solar installation in 2 weeks time.
Thank you Veronica for a Good job.
Excellent service, simple, easy
Excellent service and very helpful throughout the whole process. Unbelievable low rate and sets my family up for the future.
Excellent services by Tomas
First of all much appreciation to Tomas's great work with the loan applications. He is absolutely reliable, extremely helpful, trustworthy and honest in his approach. He cares about the customer and brings integrity to products options. You can ask him anything without feeling stupid, he also is very knowledgeable about the products. I would highly recommend Tomas a value to Parker Lane and customers. Thank you.
Seamless & Excellent Service
I needed a Green Loan for Solar and Francois was recommended by my best mate as the "go to man"
Francois did not let me down.
Great service!
Francois definitely needs a raise or at least a six pack ever Friday arvo!
Well done mate!
Parker Lane were recommended to me by my Solar installer as a provider of Green Loans. I dealt with Trisna who I found to be exceptionally efficient and pleasant to deal with. She took the time to understand what I was after and ensured that the finance package perfectly matched what I was after. I recommend Trisna and would have no hesitation in calling on her services again.
Friendly and Professional
Trisna was an absolute gem. Her Polite and friendly manner put my nerves at ease. She make the whole process easy to deal with. Thank goodness I have found her. I will be using Parker Lane again based on how I have been treated and will not hesitate to suggest them to my friends.
Tomas was helpful and knowledgeable, and the process of obtaining a green loan for our solar panel was smoother than we anticipated.
I'd like to thank Trisna B, for her assistance and prompt follow ups during the loan process.
Not only was she really friendly and welcoming but she was professional and respectful during all conversations. She displays a perfect role model for a lending specialist and I could not fault anything during the service. Thanks for your dedication, compassion and expertise.
Highly recommended!
Chris Fisher - Townsville
Found the Help from Tommas Watson at Parker Lane excellant to deal with, he was quick to respond to my inquiries.
Tomas was polite courteous professional and assisted in getting the loan in timely manner. Excellent service from him. I would highly recommend him and Parker Lane for future clients. Thank you very much Tomas
I would like to thank Tomas for his patience and professionalism in obtaining my green loan, he displayed a concise rebuttal to my questions without fluff or sales pressure and gave me occasional prompts in a courteous manor for paper work that was required and got me the result I was after... thank you Tomas
I dealt with Tomas to organise a green loan for my solar panels. The whole process was very easy and done over the phone and via email.
I would recommend for anyone looking into doing the same
Trisna from Parker Lane made the application and approval for the Green Loan very easy. She was always very polite, helpful and very knowledgeable. I would highly recommend their services in the future.
Thomas was set a challenge with a home improvement loan with a few hurdles. His approach to the issues was timely and very professional, which made the experience easy in the end. Highly recommended.
Francois got the required result
I am not much good at this but I think that your politeness, helpfulness and persistence got the required result.
Tomas from Parker Lane was very Professional and extremely made the whole process so easy and stress free. I would recommend Tomas to anyone and already have referred friends who are looking at Solar to approach Tomas.
Staff bend over backwards to help you get a better finance deal. Knowledgeable and helpful staff respond quickly. Recommend their services
I found Tomas polite, efficient and professional and will recommend Parker Lane to friends and family. Thanks guys you have been very helpful.
Tomas at Parker Lane was upfront with the details required to have our solar loan assessed and processed in a timely manner. Very happy with Tomas and can highly recommend him for his service.
Trisna from Parker Lane was an absolute star during the application process, and remained so one the application was complete. It was a real pleasure to deal with Trisna and I would, without a doubt, recommend anyone looking for a loan to give Parker and Lane a call.
Thank you Trisna
Thank God for Tom
After spending lots of time on the phone and email with Tom I feel as though I should invite him over next time I have a dinner party.
He made a very arduous process as pleasant as he could.
I honestly would have not continued with the process if Tom hadn't been so understanding and accommodating.
He is an asset to your business.
Cassandra Circosta - Mildura
Tom from Parker Lane has been a pleasure to deal with, very professional and I'd recommend him to anyone needing Finance.
Melanie and Parker Lane are very very professional to deal with and take care of our referred customers expertly and with no fuss I could not praise them enough for the job they do
1. Parker Lane has been very informative and keeps me up to date.
2. Working with Parker lane is always very straight forward and beneficial . She ( my contact)takes over when I request finance on a deal and follows up . This means I don’t have to be involved.
3. These people in Parker Lane ( inc contact) are very straight forward and good to deal with. They take the finance side of deal and do the work for you. This is good because only qualified finance people can talk finance.
Powervault Mildura enjoys dealing with Melanie Cokol & Parker Lane Solar Money
Melanie Cokol has been a pleasure to deal with from day one. Melanie's customer service is first class and she always follows up diligently with the progress of every finance enquiry. I look forward to continuing to utilise Melanie and Parker Lane for future solar customers.
I find Melaine to be very good at keeping me in the loop. Always happy and great to have a chat.
Combining debt and making it affordable.
I can only say that I am totally impressed and thankful for the fantastic service you supplied in your helping me to successfully obtain an AFFORDABLE home loan with Bankwest that made it possible for me to combine all my debts in one loan. Thanks to you we can now pay all our bills on time and also look forward to annual holidays (Cruises).
The ease at which I was able to work with Trisna and parkerlane in organizing the funding for my solar panels, I couldn't have gotten better service anywhere. They are amazing and I'd work with them again in a heartbeat
Amazing rates - Amazing Service
Melanie has helped our clients achieve rates that the main banks don’t offer. She has been exceptional in communication with both our business and our clients. I would highly recommend her to any business wanting to secure excellent loans at the best rates on the market. She has been a game changer for our business and clients.
Melanie is a fantastic representation of what Parker Lane wants to achieve!
She has always been polite and prompt. Efficient with her work and always doing what she can when helping organizing financial options. If you are looking to finance anything, Melanie is who you want to speak to. I cannot say enough of how much of an asset she is to Parker Lane!
Arguably One of the Biggest Assets To Our Business
I can only say that I am totally impressed and thankful for the fantastic service you supplied in your helping me to successfully obtain an AFFORDABLE home loan with Bankwest that made it possible for me to combine all my debts in one loan. Thanks to you we can now pay all our bills on time and also look forward to annual holidays (Cruises).
Jules Melbourne Would not be a homeowner without them...
...and I'm not exaggerating.
We had a difficult property to finance and we knocked on the door of Parker Lane after having TWO unsuccessful brokers tell us no lender will finance us for the property. We were a week from settlement, set to lose our deposit and up for huge interest penalties.
Within ONE HOUR we were told by Keely, the company director, that she had found a product and a lender willing to finance the property. The process from there, which was once stressful and dire, became so streamlined and efficient. Travis worked with us tirelessly to get us approved and financed with a few weeks. He was professional, friendly, had great attention to detail, knew the product and the application process really well and was extremely easy to deal with.
We settled on the house two days ago. Beyond excited and relieved, Parker Lane made it possible for us to own our first home.
Thank you Tomas for your assistance. Your service was efficient and prompt and we felt well informed every step of the way.
I will like to thank you Tomas for making the process so easy and fast.You have good communication skills and professional .l will be referring few of my friends.
Thank you Tomas, you were fantastic!
I had a great experience with Tomas from Parker Lane. As someone who does not fully understand finance, he spoke to me in a language that I understood. He was very patient and willing to answer any questions, in a friendly and professional way. He communicated promptly, answering questions quickly....even simple questions from myself!
I would definitely recommend Parker Lane and working with Tomas. If we need another loan we would definitely head their way. Thank you so much!
A big thanks to Tomas for being so professional on the way he operates he made it so easy would thoroughly recommend Parker lane
If I could give 10/5 I would!
Couldn't be happier with this service. We got a Green Loan brokered through Parker Lane for solar power. The whole process was efficient, friendly and well thought out.
The standout was our personal lending specialist, Tomas. Knew his stuff, really engaging, friendly and on the ball. He listened to our needs, provide a summary of our options, and talked us through the best solution for our home. From there he managed the process of application, contract issue and signing off. He was available for any questions by phone or email, and has a really casual, cool rapport.
Overall I'll say again, couldn't be happier with Tomas and Parker Lane. From start to finish it was about 2 weeks, and we have a top notch solar system, with a loan that really works in our favour. Thanks again!
Things were made easy and understandable thanks to Parker Lane and Travis. Some hiccups with change of workers but we got through. The support, coordination and advocacy was all I needed and to get professionalism and friendliness on top was so nice. Thanks!
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Australia's #1 finance service rated by customers
© 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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