Looking to save some money? Feeling weighed down by multiple repayments? Losing track of what is due and when? Our expert brokers can help you can a debt consolidation loan tailored to fit you! Simplify your life and get a better deal on your finance with loans starting from $5,000.

Need a small debt consolidation loan? We are a direct lender for small cash loans ranging from $2,000 – $5,000.

How do debt consolidation loans work?

Debt consolidation is a way to refinance your debt. It uses one loan to pay off several others, both reducing your interest fees and monthly payments. Whether you have multiple credit cards or a combination of personal loans and car finance, merging your debts can save you time and money.

Find out how we can help you get your refinance sorted today

Is it hard to get a debt consolidation loan?

Swoosh makes it easy as to get a debt consolidation loan. With our 100% online application process and friendly brokers, you won’t even need to step a foot out of bed to get the money you need.

Simple 3-step process

Our debt consolidation loans are done a little differently.

  1. Apply online
  2. Our brokers review your application ASAP
  3. We compare lenders and match you with the best loan for your circumstances

That’s it! With Swoosh you can get the best loan for you, often cheaper than the bank!

Debt consolidation loan eligibility

As long as you meet our 3 simple eligibility requirements, you’re good to go!

At least 22 years old*

New Zealand permanent resident

Employed for at least 3 months**

*Earning a minimum of $400/week
**A contract must be provided if employed for less than 3 months

Rates and fees

At Swoosh Finance we believe in being upfront about our fees. It’s part of our commitment to finding you the best deal. There are no upfront costs to apply. In most cases, a one-off brokerage fee will be applicable to your loan. Interest rates for a Swoosh broker loan can be between 9.95% and 24.95%, depending on the type of loan and your individual circumstances.

Loan amountStarting from $5000
Loan terms3-5 years
Loan typesSecured and unsecured
RepaymentsWeekly, fortnightly, and monthly
Interest rateFixed

Are debt consolidation loans a good idea?

Consolidating debt into one loan helps to make your finances more simple. You only need to make one payment per pay cycle, and you might save money by only paying one interest rate.

If you have a few debts and are struggling to keep up with payments, then debt consolidation might be the right approach for you!

Make sure you check what the new interest rate will be before you sign any agreement, as it is not guaranteed to be less than what you are currently paying.

Find out more: Is debt consolidation worth it?

Debt Consolidation Loans | Swoosh Finance NZ

Debt consolidation loan for bad credit NZ

Got bad credit? No worries, you can get a small bad credit loan direct from Swoosh Finance today. Apply for between $2,000 – $5,000 whenever you need it and get quick assessment and approval.

Debt consolidation loan FAQs

Unlike a secured loan that might use a car or house as collateral, an unsecured loan does not use any collateral. Approval depends on the strength of your application and your financial situation. As there is nothing securing the loan, unsecured debt consolidation loans tend to have higher interest rates and you may not be able to borrow as much.
Debt consolidation loans can help you to manage your finances. They may end up having a positive impact on your credit score if they help you pay off any outstanding bills and meet payments on time. As long as you continue making payments on time, you won’t have any negative impact on your credit rating.

Debt consolidation can be a great way to get back on track with your finances and save you money. But it’s not a one-size-fits-all solution. In some cases, it may make more sense for you to pay off your small loans than refinance with a debt consolidation loan. So make sure to consider your options before you decide on the best loan for you.

If you’d like to discuss your situation, apply online or contact us today for more information.