Debt Consolidation Loans in NZ — One Repayment, One Lender
A debt consolidation loan rolls several debts — cards, buy-now-pay-later, other loans — into a single personal loan with one repayment in New Zealand. AutoDrive arranges unsecured personal loans from $1,000 to $100,000, fixed from 9.99% APR, funded same day for approved applicants. For the product, see our personal loans page.
What is a debt consolidation loan and how does it work in NZ?
A debt consolidation loan pays off your existing debts so you're left with one loan, one rate and one repayment instead of several.
Will consolidating my debt actually save me money?
It saves money when the consolidation rate is lower than the weighted average of your current debts and you don't stretch the term so far that total interest rises — compare total cost, not just the repayment, on our personal loan calculator.
What debts can I consolidate?
Most unsecured debts: credit cards, buy-now-pay-later balances, overdrafts, and other personal loans.
- Credit card balances
- Buy-now-pay-later balances
- Overdrafts
- Other personal loans
How much can I borrow and over what term?
AutoDrive arranges $1,000 to $100,000 over 12 to 60 months, with the right amount depending on what you owe and what's affordable under the CCCFA.
Can I consolidate debt if my credit isn't perfect?
Often yes, for borrowers rebuilding with steady income — AutoDrive can help where defaults are up to $2,500, though we don't currently have options if you're bankrupt or if WINZ is your main income. Affordability is assessed under responsible-lending rules, and approval is never guaranteed.
Debt consolidation vs a balance transfer vs a budgeting plan — which is right?
A consolidation loan suits multiple debts across lenders; a balance transfer suits card debt alone; a budgeting plan suits when the issue is cashflow, not structure. Sorted has a free budgeting tool — see our guide to personal loans in NZ for context, or Sorted. Not sure which loan type fits? Read our car loan vs personal loan comparison. For a deeper research guide, read personal loan for debt consolidation in NZ.
How do I apply with AutoDrive?
Apply online — Alfie checks your affordability and matches you to a lender; funds can be available same day for approved applicants. Alfie is an AI assistant and can make mistakes — the final lending decision is made by the lender. See how it works.