Auswide Bank

• Debt consolidation loans up to $75,000
• Low-interest starting from 9.99%
• Repayment up to 7 years

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Switching has never been this easy

Not happy and want to switch banks or accounts? Here are some reasons why clients might be interested in switching:

• The current service provider is not listening attentively to your financial needs
• Circumstances may have changed financially on your side
• Planning to move or upgrade your home
• You're looking for better rates overall
• You want to consolidate debt at a low-interest rate

At Auswide Bank, they know that clients may sometimes want a change of scenery when it comes to their money. Auswide Bank has made the switching method easy as baking pie. You can also apply in the comfort of your own home by completing an online loan application.

Switching regular payments deducted from another bank account

If you want Auswide Bank to make a switch for you, the Switch of Regular Payment Arrangements and Notice of Variation of Account Details for Recurring Payment forms needs to be completed.  This process is done to authorise the actual switching from the banks.

Switching regular payments

Alternatively, you can switch to an Auswide Bank account by completing the Updated Account Details Notification form. After this form has been completed, the client can then contact the companies that deposit money into that specific account to update their relevant details.

A good reason to consolidate

If you consolidate your loans, they become easier to manage and faster to pay off. This pose as a positive trait for the consumer because they no longer have to worry about all the interests acquired on smaller but rather one interest on the big loans.

Stop debt in its tracks

Alternatives to debt consolidation consist of getting financial advising, communicating with your creditors to arrange alternative repayment, refinancing your home, debt management and debt counselling.

When you have a bad credit score and you are struggling to make ends meet, it can be very difficult to obtain a loan or find any solution to your ever-mounting debt. As with any type of loan the better that your credit score is the more you will end up saving.

Debt consolidation loan terms usually range between 24 and 60 months, the longer the repayment period the lower your monthly payments will be, but the more interest you will pay in the long run. If you have a bad credit score there are still debt consolidation loans available for those that have a bad credit score.

Alternative methods to consolidate your debt

If your credit score is too low to qualify there are other methods of consolidation your debt available that you could consider.

• Peer-to-peer lending is a very popular option as you can borrow money from individual investors. These investors will look at your individual profile and needs and then decide if they would like to help you out with a loan. If your loan application is successful you will only need to make one small payment each month.
• Transfer all of your credit card debt onto one credit card. This will make it easier to pay off the debt quicker without paying additional interest per credit card, or needing to decide which credit card you will pay this month. Your overall debt is based on the available balance on the credit card, not on how much you owe. So having multiple credit cards can show that you have more debt than you actually do.
• If you own your own home then you can tap into your home equity or apply for a second mortgage.

Auswide Bank is a trusted & reliable provider of debt consolidation loans

In our review, Auswide Bank adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ Auswide Bank is a registered credit provider in Australia: ACL 239686