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.
- Apply online
- Our brokers review your application ASAP
- 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
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 amount | Starting from $5000 |
|---|---|
| Loan terms | 3-5 years |
| Loan types | Secured and unsecured |
| Repayments | Weekly, fortnightly, and monthly |
| Interest rate | Fixed |
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 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
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.