Debt Consolidation Loans NZ — Combine Your Debts
Rolling multiple debts into a single loan can make repayments simpler to manage. MoneyShop offers debt consolidation loans from $200 to $20,000 at a fixed 29.95% p.a., subject to responsible lending requirements.
Combine debts into one weekly repayment
Loans from $200 to $20,000 at 29.95% p.a. fixed
100% Kiwi owned and operated
Take control with a debt consolidation loan NZ
Getting a debt consolidation loan is the perfect way to take control of your finances, allowing you to roll multiple other loans or debts into one easy to manage repayment scheme. Rather than being overwhelmed by separate monthly or weekly payments, debt consolidation lets you combine all of them while extending the overall timeframe of your repayments, keeping them affordable, and placing them all under the same interest rate.
Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our online debt consolidation application process, you can apply any time, any day. We know you’re busy, so we get back to you as soon as we can.
Why choose MoneyShop for your Debt Consolidation Loan
A debt consolidation loan NZ from MoneyShop combines eligible debts into one weekly repayment at a fixed 29.95% p.a., subject to responsible lending requirements.
Apply to consolidate
Complete our online debt consolidation application. It only takes a couple of minutes *
One repayment to track
If approved, existing debts we agree to clear are paid out and you are left with one MoneyShop loan and one weekly repayment.
Fixed 29.95% p.a.
The interest rate is 29.95% p.a. fixed for the term. Fees are shown on our cost of borrowing page. Lending criteria apply.
How do our Debt Consolidation Loans work?
A debt consolidation loan essentially adds up all your existing loans, pays all of them off completely, and then creates a single, new loan for the amount used to clear the previous debts.
Clearer repayments
Combining several debts can lead to one weekly repayment and one fixed interest rate:
- One fixed interest rate instead of multiple interest rates.
- One repayment to keep track of reduces your chance of incurring extra costs for missed/late payments.
- Debt consolidation has proven a valuable tool for those looking to get out of debt, too.
- Ultimately, it’s important to remember that it is the same amount of debt, just combined, and so it isn’t necessarily a solution for totally cancelling debt.
Apply for debt consolidation loans NZ online
Ready to simplify multiple repayments into one? Check the calculator on this page, then apply online in minutes. MoneyShop reviews debt consolidation loans NZ applications quickly, and once approved, funds can clear existing debts so you’re left with one manageable repayment. Compare other personal loans if consolidation isn’t the right fit.
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Debt Consolidation Loan FAQ
What is a debt consolidation loan in NZ?
A debt consolidation loan in NZ combines eligible debts into one loan with one weekly repayment. At MoneyShop the interest rate is 29.95% p.a. fixed for the term, subject to responsible lending requirements. It is the same amount of debt, combined — it does not cancel what you owe.
How do I get a debt consolidation loan?
Complete our simple online loan application form. It only takes a couple of minutes! Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible.
Does a debt consolidation loan affect your credit?
Yes, a debt consolidation loan can affect your credit. Applying for a loan may result in a credit check, and the new loan may appear on your credit report. How this affects your credit will depend on your individual circumstances and how the loan is managed. Making your repayments on time and reducing other debts may have a positive effect on your credit history over time. However, missed or late repayments may negatively affect your credit.
Can I get a debt consolidation loan with bad credit?
It depends – give us a call and we can do a credit check to see if we can help.
Is a debt consolidation loan right for me?
A debt consolidation loan can be a great way to get all of your debt into one manageable place. Please check out our handy personal loan calculator to make sure you can afford to repay your loan.
Why should I get my debt consolidation loan from MoneyShop?
MoneyShop offers debt consolidation loans NZ from $200 to $20,000 at a fixed 29.95% p.a. Apply online and we will review your application subject to responsible lending requirements.
Any more questions?
Contact UsOur friendly team are here to help throughout the lending process. Call us on 0800 66 66 39 or get in touch online.
Ready when you are
Ready to simplify your debts?
Prefer to talk? Call 0800 66 66 39.
Our costs and terms
Clear, upfront pricing with no hidden fees.
Loan amount
$200–$20,000
Loan terms
3 months–3 years
Fixed rate
29.95% p.a.
Repayments
Weekly
Interest rate
The interest rate is 29.95% p.a. for secured, refinanced, and new unsecured loans. Your rate is fixed for the whole contract — no surprises, no hidden fees.
Interest is calculated daily on the unpaid balance (annual rate ÷ 365) and charged when instalments fall due.
Default interest rate
MoneyShop doesn't charge default interest. If your account falls behind, a $1 daily arrears fee may apply until things are back on track. Reversed payments incur a $5 fee, and missed-payment contact may involve a letter fee (up to $50), a $5 phone fee, or an $80 + GST home-visit fee. Any third-party recovery costs are passed on at cost.
Establishment fees
One-time setup fee based on loan size:
| Fee | Cost |
|---|---|
| $200 to $499 | $65.00 |
| $500 to $800 | $160.00 |
| $800 to $5,000 for three years or less | $300.00 |
| $5,000 to $15,000 for three years or less | $310.00 |
| Over $15,000 for three years or less | $455.00 |
Some loan setup costs come from third parties — such as credit checks, PPSR searches, and security-registration fees — and these are passed on at cost. Your account also has a daily administration charge of 55c while it's open. We send statements every six months, and extra statements are free by email or $5 if printed. If you repay your loan early, an administration fee of $50 (averaged) may apply, along with any third-party deregistration costs.
Repayment example
Borrowing $3,000 over 78 weeks
- Weekly repayment: $58.87
- Total repayments: $4,592.86
- Includes: Interest, $300 establishment fee, $0.55/day admin fee
- Does not include: Any optional or default-related fees
Also: $1,500 over 52 weeks = $44.83/week.
This example assumes a fixed interest rate of 29.95% p.a., no missed payments, and no early repayment. Actual costs may vary depending on your loan amount, term, and repayment history.
Want to calculate repayments with our personal loan calculator?
Loan CalculatorLearn more about loan costs, interest rates, and fees on our Cost of Borrowing page.