Loansmart went above and beyond to help me and were very friendly and helpful. A weight has been lifted off my shoulders and it's life changing, I cannot thank them enough.”

- Teresa
We Make It Easy
Rates From 8.95%*
We Say Yes More Often

Smarter Loans >>> Faster

Debt Consolidation Loans

  • Do you have more than one loan?
  • Feeling overwhelmed by credit card debt?
  • Are you looking for solutions to reduce your lending costs?
  • Sick of keeping track of lots of repayments?
  • Would you like to pay down expensive debts more affordably?

Simplify your finances and save on interest rates and fees with an easy Debt Consolidation Loan from Loansmart. We’ve been helping Kiwi’s consolidate their debts since 2008 and are trusted providers for Online Debt Consolidation Loans. Our personalised rates start from just 8.95%* and our online application process is simple!


What Is A Debt Consolidation Loan?

A debt consolidation loan is where a lender takes multiple sources of debt including credit cards, and puts them all together in one easy to manage loan. By having one single loan over a longer period, instead of multiple short term loans, you can make your loan repayments more affordable. 

When you have multiple loans, credit cards or repayments to keep track of it can be easy to miss a payment and rack up fees. It can also be a nightmare to keep track of all the different interest rates and fees which vary from loan to loan.

Consolidating your debt into one easy Debt Consolidation Loan simplifies your finances and ensures you’re set up for repayment success.

How Do Debt Consolidation Loans Work?

When you take out a Debt Consolidation Loan all your pre-existing debts are paid off in full and then simplified into one monthly payment. This helps you pay your debt off faster and reduce financial stress.

We even time your loan payments with the day you get paid so you’re less likely to miss your monthly repayments.

Make sure you’re not paying more than you need too. Try our Debt Consolidation Calculator to work out how much you could potentially save with a Debt Consolidation Loan.

Smarter Loans >>> Faster

What Kind Of Debt Can Be Consolidated?

We can consolidate almost all forms of debt, some of the most common are:

Credit Card


We can consolidate your existing credit card debt.



We can consolidate any existing loans or financing.



We can consolidate your car repayments.

Buy-Now-Pay-Later Balances


We can even consolidate any buy-now-pay-later balances.

How Can I Improve My Credit Score?

The good thing about credit scores is that they’re constantly changing. After five years, most information is cleared. So if you were going through a rough patch five years ago, and were consistently late paying your power bill, chances are it will no longer show on your credit report. By setting yourself up for repayment success with a debt consolidation loan, you can improve your credit score.

Consolidate Debt
Paying off your existing debts is the first step to improving your credit score. With a Debt Consolidation Loan you can achieve this faster and potentially save on fees.

Don’t Miss Any Payments
The best way to improve your bad credit history is to pay your bills on time (before they are due is the best way to avoid late payments) and keep your credit card balance low. A Debt Consolidation Loan will help you to ensure your existing debts are paid on time with one regular repayment. It’s also important to ensure any future utility, gas, internet and rent payments are paid on time too.

Cancel Your Credit Cards
If you own multiple credit cards, every credit card you own can negatively impact your credit score. When you take out a Debt Consolidation Loan, your credit card debt is paid off in full so all your credit cards will have a balance of zero. This is the perfect time for you to retire your credit cards and reduce your credit limit. It’s fine to keep one credit card for unexpected expenses, just ensure you only spend what you can afford to pay back in monthly costs to avoid paying interest.

Start An Emergency Fund
Having a savings account specifically for emergencies means you can be financially prepared if unexpected expenses arise. This ensures you’re less likely to rely on credit cards or loans in the future. You could potentially use the money you save by consolidating debts to build up some savings.

We also recommend the following online resources:
Sorted: Budgeting Tool
Sorted: How Credit History and Scores Work
Consumer Protection: How credit scores work, the impact of bad credit, and how to improve your score

Bad Credit Debt Consolidation Loans

Our Bad Credit Debt Consolidation Loan is especially for people with a bad credit history. We believe everyone deserves a second chance, that’s why bad credit isn’t a dead end for us. We take the time to get to know your personal circumstances and current financial situation before we make a loan decision. Our eligibility criteria isn’t as strict as banks so there’s a good chance we may be able to help you consolidate your debts into one affordable, low cost loan.

GET THE BEST Debt Consolidation LOAN FOR YOU

With Loansmart we look at your entire lending situation, to try and find a better deal for you. If you’re concerned you may be paying too much on your current loans, apply for a Debt Consolidation Loan online or talk to us today on 0800 255 155.

We can help you achieve your goals more affordably.

Don't Pay More Than You Need

Loansmart has been helping New Zealanders with their Debt Consolidation needs since 2008. Our clients love what we do, and we love helping them too.

  • Get a Debt Consolidation repayment plan that works for you
  • Set yourself up for repayment success, not failure!

With only one payment to make each time that you’re paid, budgeting is easier and you can save on fees and interest rates.

  • Take control of your debt with one easy payment
  • Pay off all overdue bills
  • Lower your fees and interest rates

Debt Consolidation FAQs

We like to do this properly which means we take all of your debts and consolidate them into one loan which is in sync with when you get paid.

Not only is consolidating your debts into one loan easier, if can reduce your monthly repayments. 

See how much you could save with our online Debt Consolidation Calculator

Yes, we require settlement figures that have a valid settlement date and bank account details. We then pay your debts directly to the other lenders and ensure any security they hold is removed.

In most cases we can get some cash for you also; it all depends on your security value and your affordability.

We can normally assist if we know the circumstances. In most cases we can still help or we may require additional security. 

We treat your application confidentially and the only people who will see your application are Loansmart and any Finance Company that we send it to. 

Easy payment plan

Don’t pay more than you need to and get all your options upfront, so you can make the best decision for you. Talk to a team that works hard to provide better lending solutions.

Smarter Loans >>> Faster

How much could you save?

Give us a call or fill in an application form. In just 10 minutes and with a few quick questions our friendly team can give you a good indication of how much you could save. Applying for a Loansmart Debt Consolidation Loan online is a simple process and we take care of everything for you, including sourcing your bank statements so you don’t have to.

To provide you with the best lending experience we


Move fast

Most loans can be approved and paid the same day*, so long as we have everything we need from you before 3pm. *Subject to responsible lending checks.

Make it easy

No need to scan and sign, fill in and upload lengthy documents. All we need is Photo ID and access to your bank statements (we make that super easy and secure too!).

Make it enjoyable

We keep you updated every step of the way, so you always know where you’re at with your application.

Make it affordable

We work hard to find you the best deal we can. After all, we know what a difference those extra savings can mean. Most of our team have personal loans too!

Get a fairer deal, faster from a team that cares

Are you concerned about your financial situation?

It costs nothing to give us a call. In around 10 minutes you’ll have a good idea of your debt consolidation options and what we can achieve for you. Talk with a team that genuinely cares and works hard to:

  • Get your loan approved faster
  • Provide you with more options
  • Find you a great deal

Save On Fees & Interest Rates

Don’t Pay More Than You Need To. Save On Fees & Interest Rates.
We Can Show You How.

Why Loansmart


We Say Yes More Often

Applied elsewhere but been declined? Loansmart provides more options than other lenders. With more options, you have more chances of getting your personal loan approved.

More Options Tailored For You

Pay down debt faster and more affordably with lower fees and interest rates. Don’t pay more than you need to and get more options.

Interest Rates From 8.95%*

Our competitive personal loan rates range from 8.95% - 29.95%. *Subject to credit criteria and the credit profile of the applicant.

Longer Repayment Options

From 6 months to 10 years; up to 5 years for unsecured personal loans and 10 years for secured personal loans.

Faster Approval Process

Provide us with photo ID and access to your bank statements online, and your personal loan application could be approved in just 1 - 2 hours. *Subject to responsible lending checks.

Same Day Payment*

If you e-sign your loan documents by 3pm on a business day, we’ll deposit funds in your account the same day*. Depending on your bank, you’ll receive cash that day or the next morning.

100% Easy, Online Process

No need to print, scan or upload statements. We simply send you a secure link that authorises us to view your statements online.

Borrow Up To $50,000 Unsecured & Up To $100,000 Secured

Borrow between $1,500 to $50,000 without having to provide security. Personal Loans of up to $100,000 can be secured using a caveat or second mortgage. We can also use vehicles as security, so long as they’re in good condition.
Get the complete package from a team that genuinely cares, and works hard to provide better loan options for you. Get Loansmart!