Take the pressure off with a debt consolidation loan.

It’s time to get ahead of your debts. Do you have multiple store cards, loans, hire purchases, buy now pay laters, and overdrafts? We know it can be stressful and time-consuming to manage a bunch of different debts, so we’re here to help! 

Simplify your life with one easy-to-manage, fixed-rate debt consolidation loan with MyFinance and find relief from your debt. 

Have a play with our loan calculator, or get in touch with our friendly team to find out more about our debt consolidation loans. Find out how we can help you tackle your debt! 

Worried a bad credit score may affect your application? We know that things don’t always go to plan, but we’re here to help! Our expert team will work with you to find a plan that’s both responsible and manageable for your needs and budget. We want to help you become debt-free. 

You can continue an application you started previously.

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Includes Establishment fee and Administration fee. Payment Protection Insurance is excluded. Repayments shown are an estimate based on an Interest Rate of 19.95% p.a. MyFinance offers personalised rates ranging from 12.95% to 29.95%. Minimum instalments, loan terms and lending criteria, Terms and Conditions apply.

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Includes Establishment fee and Administration fee. Payment Protection Insurance is excluded. Repayments shown are an estimate based on an Interest Rate of 19.95% p.a. MyFinance offers personalised rates ranging from 12.95% to 29.95%. Minimum instalments, loan terms and lending criteria, Terms and Conditions apply.

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Stress-free debt management

Let us help you become debt-free.

Roll all your debts into one payment

We know things don’t always go to plan. We also know that it’s easier to get into debt than it is to get out of it. If you’re serious about sorting out your finances and getting ahead, get in touch with our team about our debt consolidation loans to find out how we can make your debt more manageable!

 

One loan, one debt

We’ll combine all your debts into one simple payment schedule. Say goodbye to multiple payment dates and varying payment amounts and hello to MyFinance debt consolidation. Welcome to the hassle-free way to pay off your debt!

 

Don’t pay more than you need to

Multiple debts can mean you’re paying more interest than you should – stressful! Not to mention the time and hassle of organising your repayment plans and finances. Take charge of multiple bills with one debt consolidation loan from MyFinance and organise your debts into one easy monthly repayment plan. Easy as!

 

Pay, your way

MyFinance offers flexible repayments on your terms. We understand that different payment frequencies may be required to pay off your loan. Once we’ve consolidated your debt for you, we can arrange a payment schedule that allows you to pay it back in a way that best suits your financial situation and budget. Choose from weekly, fortnightly, or monthly payments over a period of 3 months to 4 years.

 

What is Debt Consolidation Loan in NZ? 

A debt consolidation loan in NZ works by taking your various debts and combing them into one single loan. The debts are often credit card overdrafts, cash loans, hire purchases and other loans. These are then paid off, and you don’t make payments to multiple creditors or lenders. You’ll just need to pay off your loan to MyFinance on a regular basis. 

Benefits of Debt Consolidation Loans 

There are plenty of benefits, including: 

  • Easier repayment plan – When you have a bunch of debts, it can be difficult to get them all paid off on time. Let alone you have to make many different payments to different creditors. A consolidation loan in NZ can help simplify things by making it easy to get all your debts paid off in one payment, allowing you to make one easy monthly, biweekly or weekly repayment instead of making many smaller payments. 
  • (Potentially) Lower interest rate – If you’re paying off a range of interest rates from various debts, you’ll benefit from having one fixed interest rate when you consolidate your debt, saving you money in interest payments. You’ll get a personalised interest rate based on your financial situation once we approve your loan application. 
  • Lower your credit score over time – Having a ton of different debts can negatively affect your credit score. When you combine all your debts into one debt consolidation loan in NZ, you could improve your credit score if you make payments on time and don’t take out more debts.  

Who Can Apply 

In order to apply for debt consolidation loans, you’ll need to meet the following criteria: 

  • Be 18 years old or over 
  • Reside in New Zealand 
  • Be a resident or citizen of New Zealand 
  • Proof of your identity and earnings 
  • Be able to afford repayments 

Take control of your debts

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Where do you go from here? 

After consolidating your debts with a MyFinance loan, you must make sure you repay every dollar on time. You can’t ignore any of your repayments. It will worsen your credit score, making it difficult for you to borrow money in the future.  

Every borrower is different when it comes to finding the best debt consolidation in NZ. It’s not one size fits all. So, make sure you work out the maths before you apply to consolidate your debt. Or alternatively, contact one of our friendly staff at MyFinance, so you can be confident that you’re choosing the best debt consolidation in NZ that suits your needs.  

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