Looking to Consolidate your debt?

Learn about debt consolidation or use our fast and simple form to get started.

Fast Apply
Learn More
Applying doesn't affect your credit score.

Why consolidate debt?

Debt consolidation is the process of taking out a personal loan to pay off multiple debts. This can be an effective way to lower your monthly payment and reduce debt. It gives you one easy to manage personal loan to meet your personal circumstances.

Many debt consolidation options are in the market, but we feel it’s best to offer a personal loan with a fixed term, fixed interest rate with a regular repayment.
What's the benefit

Benefits of a debt consolidation loan

A debt consolidation loan can be used to pay off multiple debts, including credit cards, medical bills, Car loans, Hire purchases and more. This type of loan can be a good option if you have a high interest rate on your debt or if you have trouble making payments each month. Combining multiple store cards, credit cards and loans into one easy repayment schedule can enable you to repay your debt more easily.

Existing loans and credit card debt can have varying interest rates along with varying repayment amounts. Debt consolidation loans generally have one competitive interest rate and a weekly, fortnightly or monthly repayment.

One easy to manage repayment amount can take a little stress out of life and get you back to worrying about the things that really matter like where should we holiday next or just ease the pain of our increased cost of living, providing you don't redraw on the loans you have repaid.

What do I need to start thinking about for a debt consolidation loan

Before you go ahead with debt consolidation there are a few things to consider.


Have a good credit history - so that your consolidation loan may have a lower interest rate
You will need to make sure you areno extending the life of your debt  If you consolidate your debt over a londer term loan ,you will end up paying more in interest.
Try a loan calculation to make sure you are not increasing your monthly repayments. 
Try out calculator here
You will need to make sure that you close all of your old loan + credit card accounts once your debt consolidation loan has been approved.
Check the interest rate of any personal loans you are looking to combine as the existing interest rate may be lower.
Fast Apply

What's the cost?

Finding out how much a personal loan will cost you can be difficult. Use the simple calculator below to figure out how much it could cost you.

Choose your amount

Loan Amount


Loan Term

24 Months

Interest Rate


What's my interest rate?

Example Breakdown

Amount Borrowed
Establishment fee 
Amount Financed
$9 monthly 
account fee
Weekly Repayments
Fortnightly Repayments
Fast Apply
*This is an example of a common loan request and gives you an indication of what the monthly loan repayments will be. Your establishment fee may be different depending on the security used, complexity and the time taken to process your application. You may also optionally take payment protection insurance which would increase your total cost.

How to apply and Qualify

To qualify for a debt consolidation loan, you will need to have a good credit score and income. In some cases you will also need to provide security, such as a car or home.

To apply for a debt consolidation loan, you will need to fill out an application and provide financial information, such as your income and details of all your debts. 

What you need to apply

3 months bank statements to assess your affordability.
Identification such as a NZ drivers license or passport
Proof of address
Fast Apply

About us

Personalloan.co.nz was created by Pioneer Finance who were established in 1995 and have been providing financial services to New Zealanders for over 27 years. 

We specialise in finding a flexible solution to your needs whether it be for Debt Consolidation, Home Renovations, Personal Loans, Car Loans, and Business Loans. 
Fast Apply
Visit Pioneer Finance

Contact us

Email usCall us

© Copyright 2024 Pioneer Finance Limited