Debt consolidation

Take the juggle out of debt with one simple loan. Fixed interest rates, fast decisions* and tools to help you reduce debt faster. Better borrowing for a better future.

Get started today! Apply in minutes.

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What to expect

Take charge with debt consolidation

Simple Application

Simple online application. Quick response from our team and swift lending decisions. We won't keep you waiting.

Expert Help

We're a team of 20+ advisers, available 7-days a week to help Kiwis make good borrowing decisions.

Clarity & Certainty

Get the peace of mind of fixed interest rates and repayments. No hidden rate ranges. No surprises.

Have a question or two?

Being better informed makes for better decisions.
Check out our handy FAQs and get in touch if you’d like to know more.

Expert debt restructuring

Juggling debt can be stressful and costly. At better™, our team will take the time to talk with you about your debt consolidation application and ensure you are fully aware of the process. We’re here to help you turn difficult debt into one manageable loan, with one repayment and one interest rate. Get back in the driver’s seat of your debt management.

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We’re responsive.
We keep it breezy

We built our approach with you, and your time, in mind. If you’re looking for a fast application decision*, we can have an answer quick smart. Plus, at better finance™ our smart tech saves you time and hassle. From our simple online application, right through to transferring the funds, we’ve got your time in mind. *Lending criteria, including affordability assessment applies.

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We champion
better-borrowing

We're on a mission to - bit by bit - make borrowing better.

For example, one of the things we know that understandably frustrates Kiwis, is hidden fees.

Well not at better™. Like to know what you’re signing up for with no surprises? That’s how it should be. At better™ there’s just clear, transparent information about rates and costs. Because clarity, in our book, is better.

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What can we help
you make happen?

Big goals, personal possibilities and everything
in between. How can we help you?

  • Apply in minutes
  • Personal and vehicle finance
  • Fast application decisions*
  • Fixed interest rates
  • No deposit finance available*
  • Funds transferred in as little as 24 hours
  • 20+ financial advisers here to help
  • Smart technology to assess your application faster
  • *Lending criteria, including affordability assessment applies.
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FAQ

Debt consolidation - the details

Being better informed makes for better decisions. Have a question or two? Check out these helpful FAQs or get in touch with the team.

Can I consolidate existing debt into my new loan to have one payment?

Yes. Debt consolidation loans are very common and can help people budget better, get on top of their outgoing payments and pay off debt. There are different ways to use debt consolidation, for example: to manage current repayments or to reduce the total cost of borrowing. Make sure you understand the details before signing on the dotted line

How much can I borrow?

Our minimum loan amount is $3,000 and maximum is $100,000. How much you can borrow within this range depends on your personal circumstances and affordability. It’s important to borrow only what you need and to ensure you can comfortably meet your repayment obligations for the term of your loan. Our team is expert at helping you determine your personal borrowing sweet spot.

How long does it take to approve the loan?

We work hard with our clients to collect all the right information up front before we assess the application. With all the information required, the lender can approve loans in two to three hours, but this does depend on lender timeframes. 

What are repayments and what is the frequency?

The repayments of a loan are determined my a couple of factors. Mainly amount borrowed, interest rate and the term of the loan. We have a great calculators for you to run the numbers and see how these factors can suit your budget.
Repayments can be made weekly, fortnightly or monthly via direct debit.

Have a question? We’re here to help

Our 20+ strong team are better-borrowing champions – we’re for any questions, big or small.

Or request a call here:

One of the team will call you asap within business hours

*Fixed interest rates for vehicle and personal loans range from 9.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and is determined by the lender. 

Fees apply, including an establishment fee of up to $350 and an introducer fee of up to $995. Also, lenders may charge a PPSR fee of between $0 and $14. For example: On a loan of $5,000 over 12 months at 10.95% p.a. with Establishment and Introducer fees totalling $495 and a PPSR Fee of $7.39, the total amount to repay is $5,835.93 which is 12 monthly payments of $486.34. Those amounts don’t include ongoing fees, such as Service Fees, charged by the lender. You can find full fee information in the loan contract. We recommend that you check the fees before accepting the loan offer. See more about lender fees here.

Approval is subject to meeting lending criteria, and affordability test applies. Our lender will independently assess whether you are eligible for a loan.
Same day payout subject to the applicant meeting the above conditions and completing loan documentation by 12pm.