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
7.99
%
p.a.
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.
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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
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: 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
7.99
%
p.a.
Variable interest rate
8.55
%
p.a.
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
9.99
%
p.a.
10.56
%
p.a.
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)
- 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
-
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.
-
Full documentation applicants acceptable.
-
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.
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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Australia's #1 finance service rated by customers
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