Looking to save some money? Feeling weighed down by multiple repayments? Losing track of what is due and when? A small debt consolidation loan can help streamline your debt into one manageable repayment — saving you time, money, and stress!
Take control of your finances today and apply online for a quick and easy debt consolidation loan with Swoosh for up to $5,000.
What is a debt consolidation loan?
How do debt consolidation loans work?
At Swoosh, our quick and easy debt consolidation loans are designed for simplicity so you can get on top of your finances, avoid missed payments, and potentially save on interest. Consolidate your debt in 3 steps:- Apply for a new loan to roll all your debts into one easy payment.
- Once approved, you may receive a lump sum or we’ll sort out your existing debts on your behalf (depending on your individual circumstances).
- Now you’re all set with just one simple loan to manage – easy as!
Flexible repayment options
Payments can be made:Weekly
Fortnightly
Monthly
Rates and fees
Swoosh Finance is all about simple, easy finance. That’s why we’re upfront about our rates and fees. You know what you are dealing with before you make any decisions.
Interest is calculated daily, based on the outstanding balance, and is applied monthly to your account. Our small bad credit loans have fixed interest rates, so you know exactly how much you’ll be paying for the entire loan term.
If a scheduled payment is returned unpaid, we may issue a $40.00 debit dishonour fee. This fee is not subject to interest, though you’ll continue to pay the usual interest charges as described.
| Online cash loan amount | $2000-$5000 |
| Application fee | $0 |
| Standard establishment fee | $300 |
| Account maintenance fee | $10 per month |
| Other fees | $25.30 (included in loan) |
| Annual Interest | 48% |
| Term length | 12 Months |
| Flexible repayment options | Weekly, fortnightly, or monthly (based on your paydays) |
| Loan type | Secured (against vehicle) |
How to get a debt consolidation loan?
How to get a debt consolidation loan?
At least 18 years old
New Zealand permanent resident
Employed for at least 3 months*
Own a vehicle registered in your name**
*Earning a minimum of $400/week
**Vehicle will be used as security for the loan
Are debt consolidation loans a good idea?
Whether a debt consolidation loan is a good idea will depend on your individual circumstances. But a debt consolidation loan can help to make your debt more manageable by combining multiple payments into one simple repayment. With just one loan to focus on, you’ll have better control over your finances – and you could even save money by paying a single interest rate instead of several. It’s important to keep in mind that in some cases, you may end up paying more on interest.
Find out more: Is debt consolidation worth it?
Debt consolidation NZ FAQs
Yes! At Swoosh, we look at more than just your credit score. Whether you have bad credit or no credit, if you meet our eligibility criteria, you could still qualify for a secured loan! Our eligibility criteria include:
- At least 18 years old
- New Zealand permanent resident
- Employed for at least 3 months, earning a minimum of $400/week
- Own a vehicle registered in your name (the vehicle will be used as security for the loan
It’s easier than you think! Just submit an online application and we’ll respond in no time. As long as you meet our simple eligibility and lending criteria, you’re good to go!
At Swoosh, we offer fast debt consolidation loans from $2000-$5000 with flexible repayment options of weekly, fortnightly, or monthly instalments. Apply online today and we’ll help you take control of your financial future!