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Debt Consolidation Loans in New Zealand

We compare 21 offers. Updated 20 Apr 2026.

Best Debt Consolidation Loans 2026

Rapid Loans

Amount, $1 000 - $10 000 ;Term, 6 - 48 months

$1,000 – $10,000 Rate from 3,30 % Approval: 6 - 48 months
★★★★☆ 4.0
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ANZ

Amount, $3 000 - $40 000 ;Term,6 months - 7 years

$3,000 – $40,000 Rate from 12,90 % Approval: 6 months - 7 years
★★★★☆ 4.0
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Harmoney

Amount, $2 000 - $50 000 ;Term, 3 - 5 years

$2,000 – $50,000 Rate from 6,99 % Approval: 3 - 5 years
★★★★☆ 4.0
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Nectar

Amount, $1 000 - $20 000 ;Term, 6 - 48 months

$1,000 – $20,000 Rate from 11,95 % Approval: 6 - 48 months
★★★★☆ 4.0
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Loansmart

Amount, $1 000 - $10 000 ;Term, 6 - 60 months

$1,000 – $10,000 Rate from 13,95 % Approval: 6 - 60 months
★★★★☆ 4.0
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Avanti Finance

Amount, $1 000 - $100 000 ;Term, 1 - 5 years

$1,000 – $100,000 Rate from 7,00 % Approval: 1 - 5 years
★★★★☆ 4.0
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121 Finance

Amount, $1 000 - $20 000 ;Term, 6 - 36 months

$1,000 – $20,000 Rate from 9,00 % Approval: 6 - 36 months
★★★★☆ 4.0
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Breezy Loans

Amount, $300 – $10 000 ;Term, 91 days – 24 months

$300 – $10,000 Rate from 108,00 % Approval: 91 days – 24 months
★★★★☆ 4.0
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Admiral Finance

Amount, $1 000 - $50 000 ;Term, 6 - 60 months

$1,000 – $50,000 Rate from 23,95 % Approval: 6 - 60 months
★★★★☆ 4.0
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Westpac Personal Loan

Westpac offers fixed-rate personal loans with no early repayment fees. Apply online and get a decision quickly.

$3,000 – $50,000 Rate from 12,95 % Approval: 1-2 business days
★★★★★ 4.2
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TSB Personal Loan

TSB Bank offers competitive personal loans for New Zealanders, with fixed rates and straightforward application.

$2,000 – $50,000 Rate from 12,95 % Approval: 1-3 business days
★★★★★ 4.1
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Kiwibank Personal Loan

Kiwibank personal loans offer competitive rates for New Zealanders, with online application and fast decisions.

$2,000 – $50,000 Rate from 13,85 % Approval: 1-2 business days
★★★★☆ 4.0
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Heartland Bank Personal Loan

Heartland Bank offers online personal loans in New Zealand with fast approval and no early repayment fees.

$2,000 – $70,000 Rate from 13,95 % Approval: 24 hours
★★★★★ 4.1
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SBS Bank Personal Loan

SBS Bank is a customer-owned mutual bank offering personal loans in New Zealand with competitive rates.

$1,000 – $50,000 Rate from 12,95 % Approval: 1-3 business days
★★★★☆ 4.0
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Finance Now Personal Loan

Finance Now offers personal loans and retail finance in New Zealand, with quick online applications and fast decisions.

$1,000 – $50,000 Rate from 12,95 % Approval: 24 hours
★★★★☆ 3.9
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What is a debt consolidation loan?

A debt consolidation loan combines multiple debts into a single loan with one monthly repayment. You borrow enough to clear your existing balances, such as credit cards, store cards or personal loans, then repay the new loan over an agreed term. The goal is usually a lower interest rate or a simpler repayment structure.

In New Zealand, credit card rates typically sit between 20% and 28% p.a. A consolidation loan at 12% to 18% can reduce your monthly interest costs significantly. The saving depends on how much you owe and how long you take to repay.

Is debt consolidation right for you?

Consolidation works best when the new loan rate is lower than the average rate on your existing debts, and when you have the discipline not to run up new credit card balances afterwards. Stretching repayments over a longer term reduces monthly costs but increases total interest paid. Run the numbers carefully before committing.

Most personal loan lenders in New Zealand allow consolidation purposes. Harmoney, Nectar and Lending Crowd are popular choices for debt consolidation, as they offer fixed rates and no early repayment fees on some products.