To consolidate is to combine assets, liabilities and other financial items of two or more entities into one.
You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. There’s no need to pay anyone for assistance in getting a Direct Consolidation Loan. The fixed rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent.
The loans that were consolidated are paid off and no longer exist.
Consolidation also refers to the merger and acquisition of smaller companies into larger companies.
Consolidation involves taking multiple accounts or businesses and combining the information into a single point.
Meanwhile, it's our job to make it all happen – bringing you the best homeowner loans available so that you can make an informed decision that fits in with you and your lifestyle.
We work with providers who won't lend directly to the public, so you could find a great rate here you may not find anywhere else.
If you’ve had more than one job, chances are you also have more than one super account, especially if you have been happy to go with your employer’s default fund.
Moving all your super into one account (known as ‘consolidating your super’) might be able to help you save on fees and make managing your super easier.
But if you're looking to consolidate debts, renovate your home or replace your old vehicle, secured homeowner loans are a fast, flexible and convenient option which you can use in a way that suits you.
You decide how much you want to borrow, how you'll pay it back and how long you'll need it for.
According to recent research conducted for the Association of Superannuation Funds of Australia, the top reason people haven’t consolidated their accounts is because they just haven’t gotten around to it. Another reason people have multiple accounts is that they think it will be too hard or complicated to consolidate.