Debt Consolidation Loans NZ – One Simple Payment
Feeling stretched by too many bills? Roll your credit cards, personal loans and store finance into one loan with a single payment – apply online in minutes.
Minutes to apply.
Approval subject to responsible lending inquiries.
Debt Consolidation Loan
Weekly Repayments
Monthly Repayments
Total Amount Repayable
The repayment amounts shown include Establishment and Introducer fees totalling $820. These fees are examples only and they exclude ongoing fees. The actual fees charged may vary based on your circumstances and the chosen lender. For more about lender fees, click here.
The Problem with Multiple Debts
Juggling cards, loans and buy-now-pay-later can feel overwhelming. Missed payments and late fees add up and can harm your credit score.
Benefits of Consolidating Debt
Debt consolidation can simplify your finances and—depending on your situation—may lower your regular repayments or your total cost of debt.*
How a Debt Consolidation Loan Works
We combine your eligible debts into a single personal loan with one repayment date. You’ll see your new rate, fees and estimated repayment before you proceed.
Take control with a Debt Consolidation Loan in NZ
Whether it’s credit cards, personal loans, or store finance, you could streamline your payments and focus on a single loan that works for you.
Here’s how we make it happen:
- Consolidate debts into one single payment loan.
- Tailor repayments to suit your budget and schedule.
- Talk to an adviser for smart structuring and debt-help options.
*Lower repayments may mean you pay more interest over time if the term is extended. Approval subject to lending criteria and responsible-lending (affordability) checks. Fees apply.
Full Clarity
See your new single-payment plan, interest, fees and payoff timeline up front—no surprises.
Tailored for You
A consolidation loan sized to your budget for steady, manageable repayments.
Protect Your Credit
Soft check to start; your score isn’t affected until the chosen lender runs their credit check.
Hassle-Free Process
We arrange the consolidation details with lenders so you can focus on getting out of debt.
Trusted by 55,000+ Kiwis for debt help and finance.
1 Get Started Online
Begin your debt consolidation loan application—fast and simple.
2 Tailored to You
Advisers compare NZ lenders and combine your debts into one loan with a realistic repayment plan.
3 Simple and Fast
Once approved and accepted, your consolidation loan can be in place quickly. Approval is subject to meeting lending criteria, and affordability test applies.
Approval subject to responsible lending inquiries.
What our customers say
Why Choose Debt Consolidation?
One Simple Payment
Bring debts together into one payment that’s easier to track and stick to.
Potential Cost Savings
You could save with a lower rate or shorter term. We’ll show the trade-offs so you can choose confidently.
Better Credit and Less Stress
A single payment can reduce missed-payment risk and help you stay on top of your credit over time.
Quick Spot Check?
Curious about something? Dive into our FAQs or talk with us to get the info you need.
The amount you can borrow depends on how much you need to consolidate your debts and what you can comfortably repay based on your income and expenses. Lenders will review your financial situation to determine affordability.
Interest rates vary depending on your credit profile, financial situation, and the type of debts you’re consolidating. A better credit history may result in lower rates.
Current fixed interest rates range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and the lender.
Debt consolidation loans come with fees such as Establishment and Introducer Fees and may include monthly account and other ongoing fees. It’s important to review these with your lender to understand the full cost. View more about Lender Fees here and how we are remunerated here.
Loan terms for debt consolidation typically range from one to five years, depending on how much debt you’re consolidating and what you can afford to repay each month.
Debt consolidation loans can impact your credit score temporarily, as applying for a loan usually involves a credit check. However, consolidating debt and making consistent repayments can improve your credit score over time by reducing missed payments and showing good repayment behaviour.
While debt consolidation simplifies repayments, it may come with fees and, in some cases, higher overall costs if the loan term is extended. Additionally, if you continue to use credit cards or take on more debt, you might not see the full benefit of consolidation.
Eligibility depends on factors like your income, credit history, and the amount of debt you want to consolidate. Lenders will assess your ability to repay the loan comfortably. If you’re unsure, Loan Spot advisers can help you understand your options.
Getting a debt consolidation loan depends on your financial situation. If you have a steady income and manageable credit history, approval is often straightforward. However, each lender has its own criteria, and expert advice can make the process easier. That’s what we are here for!
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