Debt Consolidation Loan NZ

Take control of your debt today!

PersonalCompetitive rates

Time$2,000 - $30,000 unsecured

DayMoney in your account within a day

OnlineSimple, 100% online process

  • Feefo 2022 Award
  • Feefo 2023 Award
  • Feefo 2024 Award

If you consolidate your debt, what would your repayments be?


$2,000 $30,000

Repayments as low as




total payable

Take a look at what other Kiwis say about us

The benefits of a debt consolidation loan


Simplify with a single payment

Repaying a personal loan in one instalment on a weekly, fortnightly, or monthly basis makes it easier to manage. This eliminates the need to worry about making multiple payments throughout the month.

Fixed Interest Rate

Fixed interest rate

With a debt consolidation loan from Nectar your interest rate and repayment amount is fixed for the life of the loan. You’ll know exactly what your repayments are and how many of them you’ll need to make in order to pay off your loan.

Why choose Nectar to consolidate your debt?

Get your personalised loan quote
as soon as 3:01 pm*

  • Simple, 7 minute application

    Apply online today and get your personalised loan quote.

  • Choose a loan option

    Select the amount and payment option that suits you.

  • Receive funds as soon as today

    If approved, we aim to have the funds in your account the same day as your contract being signed online.

* A Nectar Money loan is subject to responsible lending checks, credit criteria and terms and conditions.
  • Step1
  • Step2
  • Step3

Up front rates with no hidden fees


Loan sizes

$2,000 - $30,000

Establishment Fee

Establishment fee

$1.75 admin fee per repayment

Interest Rate

Interest rates (p.a.)

11.95% - 29.95%

Loan Terms

Loan terms

6 months - 5 years

Loan features:

  • Loans are unsecured
  • No early repayment penalties
  • We fix your personalised interest rate for the life of the loan
  • You can make repayments weekly, fortnightly or monthly depending on your pay cycle

Common debt consolidation loan questions

1. What is a debt consolidation loan?

A debt consolidation loan allows you to combine multiple debts into a single personal loan. Instead of juggling several loan repayments each month, each with different interest rates and amounts to repay, you will only have a single monthly payment to budget for. The most frequently consolidated debts are personal loans, credit cards, auto loans or car loans, and Buy now, Pay later balances.

Merging all your debt into a single loan doesn't reduce your total debt. This consolidation approach simplifies the management of your debt, and can reduce your total interest payments.

2. How does a Nectar debt consolidation loan work?

We consider both your financial and personal circumstances when evaluating your quote or loan application from Nectar. This is similar to all personal loans provided by Nectar.

An integral part of the process requires us to ask for the details of all your current loans. If you agree to Nectar's loan quote, including the interest rate and repayment terms, we will settle the loans and debts specified in your loan agreement. This might cover all your debts or only some of them, contingent upon the approved maximum loan limit.

Managing your Nectar personal loan is easy. Borrowers can access the borrower portal to view their loan balance, upcoming repayment dates, and the repayment amounts due.

3. What are the benefits of debt consolidation loans?

Debt consolidation loans can offer several benefits including:

  • No early repayment fees: provides the flexibility to repay the loan faster, if your circumstances permit, without incurring additional charges. This can significantly reduce the total interest cost over the life of the loan, thus making debt management more cost-effective and efficient.

  • Simplifying finances: Combining all your debt into one loan reduces the number of payments you need to manage. This simplifies your finances and makes monthly payments more straightforward.

  • Lower interest rate: Debt consolidation loans often carry lower interest rates than credit cards or other types of loans. This could potentially save you a significant amount of money over the life of your loan.

  • Fixed repayment schedule: With a debt consolidation loan, you’ll know exactly when your debt will be paid off. The repayment schedule is fixed, which can provide a clear roadmap to becoming debt-free.

  • Lower monthly payments: Debt consolidation can help you secure lower monthly payments. This can be beneficial if you are on a tight budget.

  • Avoid late payment fees: It is easier to remember and plan for a single loan payment. This reduces the chance of missing a payment and being charged late fees.

  • Improved credit score: Debt consolidation can improve your credit score if managed correctly. This demonstrates that you are taking action to manage and reduce your debt. Over time, this may have a positive effect on your credit score.

  • Mental relief: Consolidating debt can reduce the stress and anxiety that comes with managing multiple debts, contributing to improved mental wellbeing.

4. Can I pay off my Nectar debt consolidation loan early?

Yes. There is no early repayment fee.

Our latest resources

Keen to better manage your personal finances or understand how personal loans work? We explain how to make better financial decisions, regardless of your personal situation

Unlock Financial Freedom: Unsecured Debt Consolidation Loans

If you're feeling the pressure of managing multiple debts, a debt consolidation loan could be a sensible next step. 

Read More

Debt Consolidation Guide For New Zealand

Debt Consolidation Loans can help simplify your debt arrangements and can even save you on interest repayments.

Read More

How to consolidate debt effectively and save time and stress

Consider how you could make a debt consolidation loan work for you, and your financial goals.

Read More

Debt consolidation loans that fit your needs

Whether it’s to cover a major expense or improve your home, Nectar Money may be able to help

Debt Consolidation Loans

Consolidate multiple loans into one payment

Car Loans

Buy a car today with our car loans

Home Improvement Loans

Get a home improvement loan with a competitive rate

Holiday Loans

Take care of your holiday costs in advance

Emergency Loans

Take control and pay off unexpected expenses

Wedding Loans

Manage your wedding expenses and ensure your special day runs smoothly

Get started

Get your personalised loan quote in minutes with no obligation to accept1

FSF Logo DigiCert Logo
Terms and conditions
1 A Nectar Money loan is subject to responsible lending checks, credit criteria and terms and conditions. Nectar Money’s personalised interest rates are from 11.95% p.a – 29.95% p.a fixed based on your unique circumstances. A $240 establishment fee and $1.75 admin fee per repayment applies. There are no early repayment penalties.