Debt Consolidation Loans NZ

If you’re looking to make the process of paying off multiple debts easier, a debt consolidation loan may be the perfect option for you. Simply put, debt consolidation is where you take out another loan that is then used to pay off all of your debts together. The benefit of this is that you only have to pay off one loan, rather than splitting your payments across multiple dividends.

Debt consolidation loans also takes off the pressure of keeping up with multiple deadlines. This makes it easier for you to pay your bills on time, making the whole repayment process less stressful. However, do take note that this does not decrease your debt.

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Compare debt consolidation loans in NZ

At glimp, we make it easy for you to find the best provider for your debt consolidation needs. Whether you’re looking to get a policy from ANZ, Westpac, ASB or another bank, you can easily compare their terms and find your preferred contract in just a few minutes!

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With so many different loan options in New Zealand, it can be difficult to pin down exactly where to begin. Many of these companies offer competitive options, making it even more time-consuming to figure out which debt consolidation loans will work best.

Fortunately, glimp has already done the hard work and research, in order to narrow down the possibilities and leave you with just the relevant options. Best of all, it’s free to compare!

Simply provide us with a few details about what you need, and our tool will bring up a list of all the providers that match your specifications, saving you a significant amount of research time. You can find all sorts of policies when you compare debt consolidation loans with glimp.

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Easily compare debt consolidation loans, rates, features, and benefits. Find the best results in just a matter of minutes.

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Thousands of Kiwis have already made the switch and used our services for their loan needs. We’ll help you with your debt consolidation plans too!

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Debt consolidation loans FAQ

Still have questions regarding debt consolidation? We’ve gathered some of the most common inquiries encountered when dealing with this type of loan.

Can I get fast debt consolidation loans with bad credit?

Some lenders do provide debt consolidation loans, even if you have bad credit. To do this, they would need to evaluate a host of factors, aside from your credit score, in order to determine whether you’re eligible or not. To help with the process, you would need to take action as well, such as directing all non-essential funds to paying off your outstanding debt.

What are the pros and cons of taking out a debt consolidation loan?

Debt consolidation can be very beneficial if your final consolidated debt has a lower monthly payment or interest rate than what you’re currently paying. While this does make it easy to keep track of all the payments you need to make, do note that the payment period will usually be much longer, which could indeed result in more interest paid over time.

How many debts can be consolidated into this loan?

You can consolidate as many as you want, so long as the final amount is covered by the maximum amount your lender is willing to let you borrow.

What are the alternatives to debt consolidation?

You can opt for debt settlement where you only pay your creditors a fraction of the outstanding debt to satisfy the account, provided you can afford to make consistent large payments over a period of time. Also, you can choose to pay off your debts yourself by having a plan in place to help you keep track of the specifics.

Bruce Thornley , 2024-12-10

Jordan was patient, pleasant and took the time to answer all of my questions. She made sure that I understood all the steps and was clear and concise in her replies. Jordan first verified that I was the person paying the bills and ascertained that my husband had already expressed a change to Pulse but wanted to speak with me first. As we are both older, we appreciate that Jordan had taken the time to ensure that we understood the importance of a smart meter as there are two dwellings on this meter.

Selena Hoani , 2024-10-16

Filomena had amazing customer service! She was very polite and respectful. She also was great at listening to my needs and offering solutions with options that had great savings. I would give her 10 stars if that was an option. If I decide to go ahead I would choose to go have her help me again. I have not had the best experience in the past with customer service reps so I would like to thank her for making this experience a good one. Kind Regards, Selena

Shelley Bruce , 2024-10-14

Thanks for the call and check in. You recommended I stay with my current provider as the rates were top notch. I'll touch base again in the next 12-18 months, you made it super easy. Great friendly and confident salesperson.

KMN Sharma , 2024-09-06

The customer service was very good. Very pleasant and friendly approach. Thanks again for your help. Saving of 280$ for the same quality and performance. Will use this agency to get another deal after 12 months.

Sandra Aikin , 2024-11-26

My discussion with Tyron Kumar went very well. He was very patient and polite with my lack of knowledge of GBs etc. On the basis of our conversation I felt confident enough to change to 2 degrees immediately. I didn't give five stars because the sound was poor. It seemed as if there was a constant noise in the background and Tyron's voice had a slight echo as well.