Empowering you to pay off debt
It can be quite a juggle when you have multiple debts. With a debt consolidation loan from Lifestyle Money, you can consolidate all your debts into one loan and keep things simple.
Our helpful team is here to talk to you about how a Lifestyle Money debt consolidation loan can work to consolidate your debts into one loan.
Terms and conditions, eligibility criteria and our responsible lending criteria apply.Apply now
Debt Consolidation Loan Calculator
Use this calculator to work out the most affordable repayment option for you. Lower weekly payments allow you to spread the cost out over a longer period of time, taking pressure off your weekly budget. Higher weekly payments save you more in the long run as you’ll pay less interest overall.
MINIMUM SECURED DEBT CONSOLIDATED LOAN - $5,000
Your repayment estimate
Estimate includes establishment fee of $55
Total amount borrowed
$5,367Apply now or call 0800 427 334
Disclaimer: Results are an estimate only and based on the information entered into the calculator by you. Any results provided by this calculator are to be used as a guide only, and do not constitute a quote from Lifestyle Money. Repayment, interest and total borrowed amounts are based on an interest rate of 25.50% per annum and assuming that rate does not change. Limits, rates, fees and repayments may differ on application and are based on your individual assessment, Lifestyle Money’s credit criteria, terms and conditions. Lifestyle Money will not store the information provided in this calculator.
How to apply for your Debt Consolidation Loan
Overview of our rates and fees
$50 - $55
Monthly account fee
Early repayment fee
Learn more about our rates & fees:
Financial hardship support
We know that sometimes life events such as illness, unemployment or relationship breakdowns can lead to financial difficulty. There are options for you if you find yourself in this position and we encourage you to speak to us in the first instance to discuss how we can help and support you during this time. In many cases, you can make a financial hardship application.Find out more
Frequently asked questions
How old do I need to be to get a Motor Vehicle Loan?
You must be at least 18 years old. You also must be a New Zealand citizen or permanent resident and earning or receiving a regular income.
What information will I need to provide when I apply for a Personal loan?
You’ll need to provide original or certified identity documents. There are three options:
- New Zealand Passport; or
- New Zealand certificate of identity; or
- New Zealand firearms licence; or
- Foreign passport (New Zealand residents only)
- New Zealand Birth Certificate; or
- Certificate of Citizenship; or
- Birth Certificate issued by a foreign government
Together with one of the following:
- New Zealand driver’s license; or
- HANZ 18+ card; or
- Kiwi Access Card; or
- Current international driving permit
- New Zealand driver’s licence
Together with one of the following:
- Bank statement addressed to you and dated within the last 12 months; or
- Any New Zealand Government department statement addressed to you and dated within the last 12 months; or
- Document issued by Government agency that has name and signature, for example New Zealand SuperGold Card or Community Services Card; or
- Credit/Debit/EFTPOS card with name embossed
To ensure we comply with our legal requirements as a responsible lender, we will also need you to provide:
- Up to 3 months current bank statements
- Proof of income you receive or earn from regular sources
- Overview of your current expenses
How long will it take to process my Personal loan application?
Often, time is of the essence. Once we have all required documentation to process your application and have completed responsible lending checks, we aim to have an answer within 60 minutes.
If I’m approved for a Personal loan, how long does it take before the funds appear in my bank account?
Provided everything is in order with your application and our responsible lending checks are satisfied, the funds will be available within 24 hours.
What interest rate will I be charged?
We offer competitive interest rates for Personal Loans. Your circumstances are unique, so your interest rate will depend on your credit profile, whether your loan is secured or unsecured and other factors as required by the Credit Contracts and Consumer Finance Act 2003 (CCCFA). Interest rates are not fixed and are subject to change.
Will my credit history be checked?
Yes. If you have previously had credit issues we will still review your application, but will need to get a good understanding of the circumstances that surrounded those issues so we can make a fair assessment of your current situation.
Do I have to provide security for a Personal Loan?
We may require security for your Personal Loan. This will be discussed with you at the time of your application.
We do offer unsecured loans if you meet our unsecured loan lending criteria.
What is the PPSR?
The Personal Property Securities Register (PPSR) is an electronic register that allows security interests in personal property to be registered and searched in accordance with the New Zealand Personal Property Securities Act 1999. For more information on the PPSR click here.
What happens if I am unable to meet my repayments?
Please call us on 0800 427 334, ideally before you miss the payment. You’ll find more information on our financial hardship page.
Can I make lump sum payments in addition to my normal repayments?
Yes, and there are no extra charges to do so.
Do you adhere to responsible lending principles?
Yes. We only want you to be approved for a Personal Loan if it is the right thing for you and your budget.
How do I change my direct debit payment?
Call us on 0800 427 334. We can change the direct debit payments over the phone. Please note however that this change needs to occur at least one business day prior to your payment date.
Want more info? Get in touch!
We’re here to support Kiwis and their financial wellbeing. If you’re interested in applying for a personal loan in NZ or have questions about our services, just contact us today!let's talk