Money names the Best-Value Debt Consolidation Loans for 2022

By Money Team

Published on January 28, 2022

A debt consolidation loan can streamline your finances and may save on interest, by replacing multiple debts with a single, low-rate loan. And with a set term, it provides a clear debt-free date.

Our winner in the bank sector is Australian Military Bank's Fixed Rate Personal Loan - Excellent Credit.

Anyone can join this bank, though the rate you pay will be tailored to reflect your personal credit history. The loan allows you to make extra repayments or pay off your loan early without penalty.

best of the best 2022 best value debt consolidation loans

The winner among the big banks is NAB. Its Personal Loan Unsecured Fixed has zero penalties and no exit fees if you pay it off sooner.

Plenti takes out the non-bank category this year.

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