Debt consolidation loans from 9.9% p.a.*

Debt Consolidation Loans - Get it sorted

Our 9.9% p.a.* secured loan and 11.9% p.a.* unsecured loan are some of the lowest debt consolidation loan rates NZ wide.^

Has the interest free period on your credit card or hire purchase expired? You could be paying up to 29% p.a. interest. Consolidate this debt into a competitive personal loan with NZCU Baywide - we could save you money on interest, reduce your weekly repayments and help you pay it off quicker. Read more on consolidating debts.

^Source: as published on www.interest.co.nz as at 23 May 2017.

 

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Select the flexible debt consolidation rate that suits you

secured loans from
9.9% p.a.*

minimum $2,000

affordability and credit score criteria apply

unsecured loans from
11.9% p.a.* 

minimum $2,000

affordability and credit score criteria apply

Helpful Guides and Information

 

What does debt consolidation mean?

A debt consolidation loan is used to combine multiple loans into one. This means that instead of repaying a number of creditors, you only need to manage a single monthly repayment. No more paperwork. No more hassle. No more worries. Which frees you and your finances up to invest, increase your savings, or just kick back and relax. Another great advantage is that debt consolidation loans usually have lower interest rates than all of the single loans combined, so not only do you make your life easier, but you pay less in the long run too!

If you’re looking for help with managing your debts, the team at NZCU Baywide are here for you. We can help take the stress out of your debt by reducing your monthly repayments, or helping you to pay it off quicker.

By consolidating your debts with NZCU Baywide, you could be saving money in interest and monthly repayments right now. At NZCU Baywide we don’t just focus on how the numbers look on paper, we listen to your story to help you save. For more information about our debt consolidation options, contact us or speak with one of our friendly team on 0800 229 943.

 

What is debt consolidation and how does it work?

 

What is debt consolidation, and how does it work?

Debt consolidation sees you combining all of your existing loans into a single, easy-to-manage payment that cuts down on the paperwork, slashes your interest rate and makes life that much easier. If you’re interested, read on to learn more about how the process works.

Read More..

What are the benefits of debt consolidation?

 

What are the benefits of debt consolidation?

Whether it’s a personal loan, car loan or a loan for a holiday, your debts add up. By rolling all of these loans into one, you can reap the numerous benefits a debt consolidation loan provides including lower interest rates, more time to pay, and an easier time budgeting for you and your household.

Read More..

 

What sorts of debts can I consolidate?

 

What sorts of debts can I consolidate?

Debt can cause unnecessary stress and leave you feeling as though you’re fighting a losing battle. Yet not all debt is created equal. In fact, whether your debts are ‘secured’ or ‘unsecured’ plays a big role in determining whether or not you can roll them into the one, easy-to-manage loan.

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How does consolidating loans affect my credit?

 

How does consolidating loans affect my credit?

It’s a commonly held belief that a debt consolidation loan will negatively impact your credit score. But is this actually true? Or is this nothing more than a financial myth? Read on as we explore the topic, and detail just how debt consolidation can actually help to improve your credit score.

Read More..

 

Consolidating your debt? Our guides will help you through the process

More information on our loans

  • We have flexible personal loan terms available from 6 to 60 months
  • No early repayment fees - you have the option to make lump sum repayments and pay your personal loan off faster
  • View our personal loan rates and fees here

When applying for a personal loan it's important to consider all of the costs involved. 

Below is an example of the total costs included over the term of a secured vehicle loan:

$15,000 personal loan

+ $200 approval fee

+ $36.51 third party charges (credit check, vehicle check and registering security over vehicle)

$15,236.51

Set up over a term of 3 years (156 weeks) at 8.9%p.a. interest = weekly repayments of $111.34