Anonymised client · projected result · model your own free

How one client freed up $846 a month — and put their home loan years ahead.

They rolled multiple debts into a single repayment and redirected the difference into offset. On that projection: around $170k less interest, with their offset on track to match the loan at roughly 15 years. Model your own scenario free — no credit check to calculate.

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This is one client's projected scenario — your eligibility and result will differ. Consolidating short-term debts into a longer home loan can increase the total interest you pay; any projected saving depends on rates, fees, the new loan term, and consistently keeping the repayment difference in an eligible offset account.

30-second estimate No credit check to calculate 780+ customers assisted · 5.0★
Case study

Loan balance vs. offset — where the offset could match your loan

Projected — the loan finishes years early, not at 30.
now 21y 30y Offset ≈ loan balance Projected · ~15y 3m
Current debts Consolidated · minimum Consolidated · with offset Effective loan (net of offset) Offset built
~$170k
Projected interest difference vs. this client's prior path*
15y 3m
Projected point their offset matches the loan balance*
$846/mo
Cash flow this client freed up to redirect to offset
1
Simple repayment instead of a stack of them

*Projection for one anonymised client's circumstances at the time. Assumes ~$846/month is maintained in the offset and not withdrawn, at the modelled rates and repayments. Not a guaranteed saving, and an offset balance matching the loan is not the same as the loan being repaid and closed. Full detail below.

The Offset Redirect method

Relief first. Then a plan that compounds.

Consolidation on its own just stretches your debt out. What we call The Offset Redirect is the part that matters — what you do with the breathing room it creates.

1

Consolidate into one loan

Where it's suitable, we look at rolling your home loan, personal loans, credit cards and BNPL into a single facility — using our panel of 30+ lenders to find a fit. One repayment, one due date, potentially one lower blended rate.

2

Free up your cash flow

Swapping high-rate personal and revolving debt for home-loan pricing can free up hundreds a month. That surplus is the whole point — not a bigger lifestyle.

3

Redirect it into offset

Where an offset is suitable and available, you can direct that freed-up money into it, where it works against your loan. The calculator projects when your offset could match your loan balance.

See The Offset Redirect on your own numbers →
Your free indicative estimate

See your own projected scenario

Enter your debts and watch the chart draw your path — current debts vs. the consolidated loan vs. redirecting the surplus into offset. No credit check to calculate; indicative projection only.

Refinance & Debt Consolidation Calculator
What could you save — and how soon?
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No credit enquiry made Won't affect your credit score Indicative projection only
The honest part most tools hide

Yes — rolling debt into a 30-year loan stretches the interest out. So here's the catch.

Every broker knows it. Consolidate a $16k personal loan into your mortgage on minimum repayments, and on paper you can pay more interest over time, not less. Any tool that stops there is only telling you half the story.

The difference is the surplus. Consolidation freed this client $846 a month — the exact relief they came for. Instead of letting it drift into everyday spending, they redirected it into the offset.

On this projection, that changes the picture: the offset is set to match the loan balance at around 15 years 3 months, and projected total interest paid lands near $197k — roughly $170,000 less than their prior path. The estimated reduction comes from consistently maintaining that surplus in offset, not from consolidation alone.

Model this on your own debts →Free · no credit check to calculate
Anonymised case study

From a stack of debts to one clear path

Here's exactly what we ran through the calculator for one client — projected numbers, not a promise about your result.

Before — the stack

Home loan (~28 yrs left)$328k · 6.12%
Personal loan$16k · 27.95%
Personal loan repayment$150/wk + $26/mo
BNPL (Zip & the usual)Multiple + fees
Effective blended rate~6.94% (7.28% w/ fees)
Headed for~$367k interest + ~$13k fees

After — one loan + offset

New consolidated loan≈ $360k · 30 yrs
RepaymentsOne monthly repayment
Cash flow freed up$846/mo → offset
On min repayments alone~$434k interest*
Offset projected to match loan~15 yrs 3 mths
Projected interest paid~$197k
≈ $170,000
Projected interest difference vs. this client's prior path

This projection assumes the client redirects and maintains the ~$846/month surplus in the offset, doesn't withdraw it, and that the modelled rates and repayments apply. It's not a guaranteed saving — and an offset matching the loan means no interest is charged while it's held there, not that the loan has been repaid and closed.

Loan amount rounded; the rate and fees reflect what was available to this client at the time and are not an offer. *On minimum repayments alone the consolidated loan costs more interest — the honest trade-off consolidation makes. All figures are projections for one anonymised client's circumstances; your eligibility, rates, fees and result will differ, and circumstances change over time. Indicative only — not a quote, offer, credit assistance or a forecast of your result.

What would your scenario look like? →
Peter Sreng, founder of PSM Finance
Featured — MPA Top Mortgage Brokers Under 35 (Rising Stars, 2023)

Peter built this — and he'll walk you through it

Founder & Mortgage Broker, PSM Finance
"Most debt-consolidation pitches celebrate the lower repayment and stop there. I'd rather give you the honest picture — trade-offs and all — than sell you a rate. Run your numbers, then let's talk through what they actually mean for you."
Licensed credit adviser (Credit Rep 527347) 780+ customers assisted 5.0★ across 119 Google reviews
Talk to Peter · 0437 243 486
Customer and review figures current as at July 2026.
In their words

Clients who wanted the same thing you do

★★★★★ 5.0 · 119 Google reviews

Verified Google reviews, current as at July 2026. Individual experiences vary; a review is not a guarantee of your outcome.

★★★★★

"They showed me exactly how adjusting my repayments can get this paid off in 10–15 years instead of 30, which will save me hundreds of thousands in interest. No confusing jargon, no pressure — just honest, expert advice every step of the way."

SS
Samantha Smith
Google review
★★★★★

"Very knowledgeable — we trust Peter and his team to be honest about our current financial position and help with forward planning. Best advice given, and definitely would recommend."

EL
Emma Louise
Google review
★★★★★

"Peter went above and beyond to help me refinance. He was very transparent and helped me with any questions I had with the whole process. Have recommended family and friends to him."

DD
Daniel Dinh
Google review
★★★★★

"10/10 — very patient and not over the top. Peter was very quick with his research and reviews on lenders available for my position while keeping it realistic. Easiest and smoothest by far."

LB
Lelouch B.
Google review
★★★★★

"Thanks to you and your staff for organising our refinancing and move to our new bank. Very good service, always available to discuss any problems we had. Highly recommended for all your refinancing needs."

TN
Thomas Northcott
Google review
★★★★★

"Smooth and simple refinancing process. Great rates, clear communication. Highly recommend."

DM
D. Mao
Google review
Is this you?

Who this works best for

You own your home

You have a mortgage and some usable equity — that's the engine that makes consolidation and offset work.

You're juggling multiple debts

Personal loans, credit cards, car loans or BNPL — each with its own rate, fee and due date.

You want breathing room — and a plan

Not just lower repayments, but a real strategy to start getting ahead again instead of treading water.

See if it stacks up for you →
Good to know

Debt consolidation, answered

Does this make me "debt-free"?
Not literally — and we're deliberately careful with that word. When your offset balance matches your loan, you're effectively charged no interest and could pay the loan out, but you still hold the credit contract and the funds stay yours to access. It's a projected path to paying your loan off sooner, not a guarantee you'll owe nothing on a fixed date.
Will my repayment definitely be lower?
Not automatically. Whether consolidating reduces your repayment depends on your loan size, remaining terms, rates, refinancing costs, LVR, any LMI, lender fees, the new loan term and your servicing position. We only recommend it where it genuinely stacks up for you under our Best Interests Duty — and lower repayments over a longer term can mean more total interest unless you redirect the difference.
Doesn't consolidating just stretch my debt over 30 years?
On minimum repayments, it can — and we'll never pretend otherwise. Rolling short-term debt into a long home loan can cost more interest if you stop there. The strategy is to redirect the cash flow you free up into an offset (where suitable and available), which is what can turn it into a projected saving and help you pay off sooner. The calculator shows both paths side by side.
Will this hurt my credit score?
Using the calculator involves no credit check and no credit enquiry, so it won't affect your credit score. If you decide to proceed to an application, that's a normal lending process we'll walk you through — only ever after it clearly stacks up for you.
What debts can be consolidated?
Typically your home loan plus personal loans, credit cards, car loans and BNPL facilities (ZipMoney, ZipPay and similar), subject to lender criteria. A key part of the job is making sure revolving facilities are actually closed — not just paid off and left open to be reused.
Do I need a lot of equity?
You need enough usable equity to absorb the debts within lender limits. We have access to products from 30+ lenders and assess suitable options based on your circumstances — if it works, we show you the numbers; if it doesn't, we'll tell you straight and suggest another path.
Is the estimate a loan approval?
No — it's an indicative projection only, not a quote, offer or pre-approval. Actual outcomes depend on a full assessment, lender criteria, serviceability and LVR. See our terms.
What does it cost me?
We generally don't charge customers a broker service fee for standard residential lending — brokers are typically paid by the lender, and we act in your Best Interests Duty. We'll disclose any fee that could apply before you proceed. Lender, valuation, government, discharge and refinancing costs may still apply.
Free · 15 minutes · No obligation

What happens on your free call

Run the calculator first, then book a straight 15-minute chat with Peter. Here's what we'll actually cover:

  • We map your real numbers — debts, rates, fees and cash flow — instead of a generic estimate.
  • We check whether consolidating actually stacks up for you — and say so plainly if it doesn't.
  • We walk through The Offset Redirect and what redirecting your surplus could realistically do.
  • We compare suitable options from our panel of 30+ lenders against staying put.
  • We flag the trade-offs and costs up front — refinancing costs, fees, LMI and the longer term.
  • You leave with a clear next step — and yearly check-ins to see if it's tracking to plan.
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See your projected scenario in 30 seconds

Run your own numbers, then have a straight conversation with Peter about turning that relief into a real plan.

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