Home owner [or NZCU South mortgage customer] personal loan rates from 10.95% p.a.
Non-home owner [or Non-mortgage customers] rates from 14.95% p.a. Why get a debt consolidation loan When is debt consolidation a good idea? Are debt consolidation loans bad for your credit check?
With so many ways to consolidate, there’s bound to be a solution for your unique situation. Debt consolidation is the process of combining your debts into one loan with a lower interest rate.
Instead of having multiple debt payments each month, you’ll only have one.
Minimum repayments are calculated as a percentage of the closing balance, typically 2 or 2.5%, or a set dollar amount, usually around , whichever is greater.
Your repayment will never be more than your closing balance.
Learn the basics about consolidating your credit cards and other debts.
Debt Elimination options are available to help you pay off bills and get out of debt quickly.
Important terms and conditions, including lending criteria, fees and charges apply. Finance provided by Credit Union South, trading as NZCU South.
This calculator is based on making the minimum repayment amount at a 18% interest rate.
The rates and terms of a loan will normally be determined by your credit history.
The exception being payday loans, which are cash advances that range up to 00 and are typically granted with no credit check.