Loan Direct
Pay down debt
more affordably
Easy Online Application
Rates From 9.95%*
Fast Loan Payout

Loan Direct

Debt Consolidation Loans

  • Do you have more than one loan?
  • Are you looking for solutions to reduce your lending costs?
  • Would you like to pay down debt faster and more affordably?

One of our most popular application reasons is for a debt consolidation loan which can help you pay down debt more affordably and save on loan costs. A debt consolidation loan is a type of personal loan that combines all your debt balances including credit cards, overdrafts and personal loans, and puts them all together in one easier to manage payment. This takes the hassle out of trying to juggle lots of loan repayments and is a great option for people who are paying more than they need to in loan costs.

Reduce Your

Monthly Repayments

The goal is to fully repay your current loans (if they no longer suit your needs), and carry over the combined debt balance into a new loan at a lower repayment amount, and hopefully, a lower interest rate.

By having one larger loan over a longer period, instead of multiple short-term debts, you can potentially:

You can potentially improve your credit score too, as you only have to concentrate on meeting one loan repayment each month. A single low-cost loan is easier to keep track of than multiple high-cost debts.

How Can a Debt Consolidation Loan

Help Me Manage My Finances Better?

Our Loan Consultants are highly experienced and look at your entire lending situation, to try and find a better solution for you.

If you’re concerned you may be paying too much in loan costs, talk to our team.

We’ll discuss debt consolidation options with you, and see how we can help you repay your debts more affordably.

Loan Direct

Don't Pay More Than You Need

Loan Direct has been helping New Zealanders with their borrowing needs since 2008. Our clients love what we do, and we love helping them too.
  • Get a repayment plan that works for you
  • Set yourself up for success, not a failure!
  • Pay debt down faster and save on loan costs
  • Pay off all overdue bills and current debts

How Much Can You Borrow With a

Debt Consolidation Loan?

This depends on your income, ability to meet repayments and financial circumstances. You can try our handy loan calculator for an indication of what your repayments could be.

Or you can apply now for a quote estimate. It only takes 2 minutes to fill in our loan application, and as soon as we receive it one of our lenders will be in touch to discuss your options.

Loan Direct can arrange up to $75,000 unsecured and more with a secured loan. 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.

How Much Could You Save by Taking Out a

Debt Consolidation Loan?

Give us a call or fill in an application form. In just 10 minutes we can give you a good indication of how much you could save.

Our personal loan rates start at just 9.95%*. Your application for personal finance could be approved in just a few hours.

Better still, we make it easy by taking care of everything for you, including a simple and secure link that authorises us to view your statements online. No printing or downloading!

Loan Direct

Do You Provide Debt Consolidation Loans To People With a Bad Credit History?

Absolutely! If your credit score is less than perfect or even ‘bad’, we can try to help you get back on track and take control of your borrowing. We loan money to all types of borrowers. Our team may even be able to help you save money by providing more favourable loan terms. Naturally normal lending criteria applies, but we do everything we can to help you get sorted. In some cases we may require security, but we’ll discuss this with you when you apply.

Are You Concerned About Your Financial Situation?

Don’t put yourself under unnecessary stress. It costs nothing to give us a call. In around 10 minutes you’ll have a good idea of your 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
  • Loan Direct is renowned for providing exceptional customer service.

There is no need to make an appointment, just call or fill in our quick and easy loan application.

Commonly Asked Questions

Visit our Loan FAQ page and check out the answers to our commonly asked questions.


*Fixed interest rates range from 9.95% p.a. to a maximum of 35.50% p.a. on a minimum of 6 months to a maximum 84-month term.

Getting a Loan

Loansmart Limited (FSP #7461, trading as Loan Direct) holds a Full Class 2 Financial Advice Provider Licence issued by the Financial Markets Authority to provide financial advice, and is a member of Financial Services Complaints Ltd, our FSCL Number is 617.


*Rates of 9.95% are subject to lending criteria and eligibility. 1-hour approval and same-day payout subject to the applicant meeting our lending criteria and supplying all the information we need to process their application. We do not offer “short-term” loans, the terms offered by our providers range from 6 months to 84 months.