Put your balance where it belongs


"Excellent customer service and unbelievably low rates"

Matthew K, Yarrawonga VIC 


Special Offer




Variable rate




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.

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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.


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...

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.


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.

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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..."


"Thank you Melanie at Parker Lane for your great service....!"


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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!" 


"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

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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!"


"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.



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.


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.

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


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.


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.