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Alex Bank Debt consolidation logo

Alex Bank Debt consolidation – loan

★★★★★ 5.0 / 5 StrayaLoans editorial rating

Online loans up to $30 000

Loan amount $2,100 – $30,000
Interest from 4.99%
Term 6 – 60 months
Approval 24 hours
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Applying does not commit you to a contract.

Properties of this loan

  • Online loans up to $30 000
  • Term 6 - 60 months

Alex Bank (Alex Bank Pty Ltd) is an Australian digital lender holding its own Australian Credit Licence, operating fully online with teams in Brisbane, Sydney and Melbourne and a focus on fast, simple loan applications.

Alex Bank's debt consolidation option lets borrowers combine multiple existing debts — such as credit cards or other personal loans — into a single unsecured loan with one regular repayment, applied for fully online.

✓ Pros

  • Simplifies multiple debts into a single repayment
  • Fast, fully online application
  • No security required
  • No ongoing account fees advertised by the lender

✗ Cons

  • Only beneficial if the new rate is genuinely lower than existing debts combined
  • Advertised rate depends on individual credit assessment
  • No branch network for in-person support

How to apply

  1. Apply for your loan
  2. Wait for approval
  3. Wait for money

Loan requirements

  • ✓ 18 years or older
  • ✓ Australian citizen or permanent resident
  • ✓ Regular income from employment or other verifiable source
  • ✓ Active Australian bank account
  • ✓ Valid driver's licence or passport for ID verification

Frequently asked questions

24 hours

The minimum loan amount at Alex Bank Debt consolidation is $2,100.

About Alex Bank Pty Ltd ABN

CompanyAlex Bank Pty Ltd ABN
AddressAustralia
Websitehttps://www.alex.bank