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Debt consolidation loan clearing debts stack desktop

Lending people simplicity

Simplify your finances 100% online, with a Debt Consolidation Loan up to $150,000.

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Excellent - Based on 1204 reviews

Make debt consolidation a breeze with decisions in 60 seconds⁵ and rates from 6.95% p.a.²

Borrow up to $150,000 to combine credit cards, store cards, hire purchases, and other debts into one manageable loan.

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Take back control of your debt.

With a debt consolidation loan, you will have just one regular repayment to maintain and a fixed end date.

Put your feet up. We've got this.

We will match you with the best possible terms and interest rates across a range of trusted providers throughout NZ with the help of our digital platform.

Get fast decisions and expert advice.

You will receive an initial decision on your application in 60 seconds⁵ (without affecting your credit score) and an adviser that will be available to assist you if required.

How much would you like to borrow?

LOAN AMOUNT

$20000|

$1000

$75,000

FOR HOW LONG

5 years

1 year

7 years

ESTIMATED REPAYMENTS FROM

$0/wk

$0 total

$0/mth

$0 total

Calulated at an example rate of 9.95% p.a.*APPLY NOW

Results in this calculator are based on the limited financial information provided by you and is to be used as a guide only. It is not an offer of finance, or a quote, or indication of pre-qualification for any loan product. The calculation uses an example rate of 9.95% p.a. and is based on amortised scheduled repayments with a fixed interest rate for the term of the loan.

All approvals are subject credit criteria and responsible lending requirements. The loan amount and interest rate offered will depend on your personal circumstances, the type of lending required, and the security (if any) provided. Fees, terms, and conditions apply.

Lending people simplicity in three simple steps

Our application process provides faster decisions, greater transparency, and the freedom to interact with our advisers on your terms.

High-Tech.

High-Tech.

Apply online. Our digital platform will assess the information provided and approve, decline, or refer your application in under 60 seconds⁵.

High-Touch.

High-Touch.

Follow your applications' progress in real-time, complete any tasks, and chat with your dedicated adviser using your online dashboard.

High-Five.

High-Five.

Read, accept, and sign your loan documents electronically on any device. The lender will then transfer funds into your bank account overnight.

Lock in the day you will be debt-free.

Combining all your debts into one loan can make managing your financial commitments easier. There is just one regular repayment to maintain and a fixed end date.

CONSOLIDATE MY DEBTS NOW

What you will need to get started:

  • Be at least 18 years old
  • An income of at least $500 per week
  • A current NZ driver's licence or passport
  • Access to internet banking
  • 2 to 3 minutes to complete our online application

Don’t just take our word for it

Rated 4.9 / 5 based on 1204 Reviews. Showing 5 star reviews.

I found the service from The Lending…

Tania Kearns - New Zealand

September 17th, 2021

So easy to deal with and helpful

Carl Price - New Zealand

September 17th, 2021

You were fast at giving help an easy th…

Marina Padlie - New Zealand

September 13th, 2021

Easy online application

Stephen Bennett - New Zealand

September 10th, 2021

Looking for something else?

We offer a range of loan products to help you embrace opportunities and overcome obstacles with confidence.

Personal Loans

Bring possibilities to life with a Personal Loan to get married, take off on holiday, renovate your home, go shopping, and much more.

Learn More About Personal Loans

Vehicle Finance

Finance for your new workhorse, daily driver, family wagon, luxury sedan, or sports car, and pay no fees to use our service¹.

Learn More About Vehicle Finance

Home Loans

Whether you are buying, building or renovating, nesting or investing, we have home loan experts and the tools to help get you there.

Learn More About Home Loans

We have relationships with a large network of lenders

LENDING PEOPLE INSIGHTS

Can consolidation loans help people to become debt-free?

Find out how consolidation loans work in NZ and see if they're right for you. Use our debt consolidation loan calculator to work out what your repayments might be.

Read more

Are you looking for a little more help?

You can consolidate personal loans, car loans, hire purchases, credit cards, and buy-now-pay-later balances. When you complete your application, you will need to list all your debts, and you will be able to tick the ones you want to consolidate.

Basically, a debt consolidation loan combines all your different debts (home loans, vehicle loans, credit cards etc.), packaging them together into one. The aim is to simplify your finances so that you only have one repayment to make, rather than multiple.

With secured loans, the assets you’re financing become  collateral. If security is offered to secure the loan, a lender may be inclined to look past any current or past credit glitches. In any case, all applications are assessed on their individual merits and responsible lending guidelines. 

Unsecured loans don’t require an asset as security. Unsecured loans give you more flexibility, as often the money is paid to you directly to settle your debts and sometimes an additional advance is made for a holiday (or some other objective). Sometimes an unsecured debt consolidation loan will require confirmation that you have paid debt post-settlement but don't worry, your adviser will let you know of any of these conditions. 

Debt consolidation loans can actually improve your  credit rating. Since your lender is paying off all your existing debt, those debts get marked as complete, so your score goes up. Your rating will take a bit of a hit for taking on the debt consolidation loan, but usually, the score increase you get from paying off the other debts outweighs this.

You can apply for a debt consolidation loan with us online. You’ll have your provisional decision in 60 seconds, plus there’s no obligation to follow through with the loan upon approval. Best of all, our process won’t affect your credit score.  

The short answer is yes. You can consolidate other debts like vehicle finance, credit cards and personal loans into your home loan. It’s likely that your home loan will have a lower interest rate, so this could be a good option to become debt-free faster. It’s a good idea to have a chat to your mortgage broker before doing this, as they’ll be able to look at your specific circumstances and advise accordingly.

Let's Go!

It will take about 3 minutes to complete your debt consolidation application, and it will not affect your credit score.

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Excellent

1204 reviews on

¹Fees: We do not charge a fee to use our service (commonly referred to as a platform fee, broker fee, or referral fee) if you are an existing customer who has previously entered into a personal loan that we arranged on your behalf; or you do not enter into a personal loan arranged by us. A fee to use our services is applicable in all other cases. See our Terms & Conditions for the applicable fees.

²Annual Interest Rate (AIR): The AIR offered by our Personal Loan providers ranges from 6.95% p.a. to a maximum of 26.95% p.a.

³Annual Percentage Rate (APR): Also known as the 'comparison rate', the APR is calculated by adding together the AIR plus any additional fees that may apply (like establishment fees charged by providers). New Zealand law does not require APR disclosure, but doing so can better highlight borrowing costs. The APR offered by our Personal Loan providers ranges from 7.80% p.a. to a maximum of 27.91% p.a. The APR is accurate only for the representative example given below and may not include all fees like early repayment fees (if any). Different terms, fees or other loan amounts might result in a different APR.

⁴Minimum and Maximum Repayment Terms: Repayment terms offered by our Personal Loan providers range from 12 months to a maximum of 84 months.

Representative Example of the Total Cost of a Loan: If you borrow $20,000 over a repayment term of 36 months at an AIR of 6.95% p.a., your total repayments will be $22,493 (made up of $20,000 principal, interest charges of $2,243, and an establishment fee of $250). This example assumes monthly repayments and does not include premiums for any optional insurances, fees for using our services (if any) or default fees.

⁵Terms and Conditions: Our services are provided in accordance with our Application Terms & Conditions. All approvals are subject to provider credit criteria and responsible lending requirements. The loan amount and interest rate offered will depend on your circumstances, the type of lending required, and the security (if any) provided will reflect the loan amount and interest rate offered by the provider. Provider establishment fees, terms, and conditions apply.