Debt Cosolidation
Loan
Made Easy
Debt Cosolidation Loan
Made Easy
Apply for a debt consolidation loan without smashing your credit score. Competitive interest rates from 8.99% p.a.*
Apply for a debt consolidation loan without smashing your credit score.
Competitive interest rates from 8.99% p.a.*
Won't affect credit score
Same-day assessments
Visa Holders Welcome
Our Trusted NZ Finance Partners
Our Trusted
Finance Partners
Rated 5 out 5 by Kiwis Across NZ
Rated 5 out 5
by Kiwis Across NZ
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What is Debt Consolidation?
Debt consolidation is simply the process of combining all your different debts, including high-interest credit card debt, car loans and other personal loans into one single, manageable loan.
Instead of juggling multiple payments to different lenders with different due dates and interest rates, you take out one new loan with Lending Room to pay them all off at once.
Our Debt Consolidation Process
Our debt consolidation process
We make debt consolidation simple. You apply once and we handle the negotiations with lenders.
- Rates from 8.99% p.a. (depending on your profile)
- One easy repayment instead of many
- Visa holders welcome, including work and residency visas
- Won't impact your credit score
Won't affect credit score
Same-day assessments
Visa Holders Welcome
01. Apply Online in 5 Minutes
Complete one simple application. It gives you access to multiple lenders without having to apply everywhere yourself.
02. We assess your application
We look at your goals, income and credit profile to understand what options actually make sense for you.
03. We compare lenders for you
We match you with lenders most likely to suit your situation so you do not waste time or risk unnecessary credit checks.
04. Choose what works for you
You review the options and decide if you want to move forward. The choice is always yours.
Why use Lending Room for your debt consolidation loan?
Why use Lending Room for your debt consolidation loan?
We’re loan brokers, not lenders, so we work for you. We look at your whole situation and compare lenders on your behalf to help you land a sharper deal without hurting your credit score.
Slash Interest Costs
Stop overpaying. We find a lower rate consolidation loan so more of your money clears the actual debt, not just the interest.
One Simple Repayment
No more juggling dates. We roll all your bills into one manageable payment that matches your pay cycle perfectly.
Clear Debt-Free Date
Set a finish line. Our structured loans give you a clear end date so you know exactly when you will be debt-free.
Protect Credit Score
Applying everywhere hurts. We assess your profile first, then match you with the right lender to keep your credit score safe.
Consolidate Any Debt
You don't need a house. We access unsecured loans up to $75k to clear credit cards without risking your assets.
Expert Broker Support
We handle the hassle. Our team negotiates with top lenders to secure terms that suit your budget and long-term goals.
Won't affect credit score
Same-day assessments
Visa Holders Welcome
Going Direct vs. Lending Room
Going Direct
vs. Lending Room
See how Lending Room stacks up against the competition to get you a better deal.
Debt Consolidation Loan Repayment Calculator
Use our debt consolidation calculator to estimate your new repayments.
Use our debt consolidation calculator to estimate your new repayments.
One Application. Multiple Loan Options.
One Application.
Multiple Loan Options.
Whatever you’re borrowing for, we’ll find lenders ready to help.
Same simple process, any purpose.
Whatever you’re borrowing for, we’ll find lenders ready to help. Same simple process, any purpose.
Personal Loans
Flexible personal loan options tailored to your credit profile, with competitive rates from 8.99% p.a.
Debt Consolidation
Roll multiple debts into one manageable repayment and simplify your finances.
Vehicle Loans
Finance cars, bikes and boats with loan options matched to your situation.
Unsecured Loan
Borrow from $3,000 to $75,000 with no asset required or property used as security.
Secured Loan
Secure larger loans up to $250,000 using property or assets as security, with tailored rates and flexible terms.
Business Loans
Funding solutions to support cash flow, equipment purchases or business growth.
What you can consolidate?
We help Kiwis consolidate a wide range of high-interest bills into one simple repayment.
- Credit Cards: Clear balances from Visa, Mastercard, American Express or Gem Visa.
- Store Cards: Pay off high-interest cards like Q Card, Farmers Finance or Purple Visa.
- Vehicle Finance: Refinance high-rate dealer loans or balloon payments to a better rate.
- Buy Now Pay Later: Bundle multiple Afterpay, Zip or Laybuy payments into one.
- Overdrafts: Clear that lingering bank overdraft to stop the monthly fees adding up.
- Personal Loans: Combine existing smaller loans into one easier repayment.
- Overdrafts: Clearing bank overdrafts to stop the fees adding up.
Won't affect credit score
Same-day assessments
Visa Holders Welcome
On a Work or
Resident Visa?
We compare top NZ lenders and negotiate to get you the best personal loan outcome. Rates from 8.99% p.a.*
Won't affect credit score
Same-day assessments
Visa Holders Welcome
Personal Loan Rates & Terms Made Clear
Fair interest rates, flexible loan terms and clear fees, explained upfront so there are no surprises.
Loan Amounts
from $3,000
to $250,000
Interest Rates
from 8.99%
to 29.95% p.a.
Loan Term
from 6 months
to 84 months
Establishment Fee
Up to $450
Introducer
Fee
Up to $1,500
Frequently Asked Questions
Yes, if the interest rate on your new loan is lower than the average rate of your existing debts. We focus on finding you a competitive rate that reduces your total interest costs.
We protect your score by doing a preliminary assessment first. We only submit your full application to a lender when we are confident it fits their criteria.
Your interest rate depends on your unique profile, credit history and the security provided. Our rates typically range from 8.99% to 29.95% p.a. By using a broker you ensure you are getting a competitive rate that matches your financial situation.
In most cases yes. Many of our lenders allow for early repayment without heavy penalties which can save you significant money on interest. If having the flexibility to pay off your debt faster is important to you let our team know so we can match you with a lender that offers flexible terms.
No. While homeowners can sometimes access lower rates we have excellent unsecured options for non-homeowners who have a stable income and good credit history.
- Be 18 years or older
- Hold one of these photo IDs:
Be a NZ citizen, resident or have a valid work visa with at least 13 months remaining
Earn at least $600 per week paid into your own bank account
Have a good credit history (some lenders may accept limited history for visa holders)
Yes, you can. If you're on a resident visa or a work visa with at least 13 months left, you’re welcome to apply. You’ll also need to be over 18, earning at least $600 a week in New Zealand, and have a fair credit history.
We work with lenders who are happy to consider visa holders, and we’ll do our best to match you with the right option. Apply online and we’ll take care of the rest.
Use our loan calculator to get a quick idea of your repayments. Just pop in your loan amount, term, and rate. It’s only an estimate, but it’s a great place to start.
Yes, for personal loans we do charge a fee called a broker or introducer fee. As every application is unique the fee charged will vary depending on the work and time spent attaining the loan approval for you. The good news is that the broker fee (up to $1,500) can be added to the total loan amount and is not required to be paid upfront.
Ready to find your
best personal loan deal?
Ready to
find your best
personal loan deal?
One quick application. Multiple lenders. Won’t hurt your credit score.
Won’t hurt your credit score.
Won't affect credit score
Same-day assessments
Visa Holders Welcome