Say goodbye to multiple debts
At Unity, we know how stressful juggling multiple debts can be. That's why we offer Debt Consolidation Loans - designed to merge various debts into a single, easy-to-manage payment.
Debt consolidation loans secured from 9.90% p.a.*
Bundle all your debts into one monthly repayment with a Unity debt consolidation loan. 100% online application.
Debt consolidation loans secured from 9.90% p.a.*
Bundle all your debts into one monthly repayment with a Unity debt consolidation loan. 100% online application.
secured loans from
9.90% p.a.*
Maximum loan amount $60,000. Affordability and credit score criteria apply.
unsecured loans from
12.90% p.a.*
Maximum loan amount $40,000. Affordability and credit score criteria apply.
Debt consolidation calculator
Interest rate
9.90% p.a
Amount I want to borrow
Weekly repayments
How much could you save by consolidating your debt with our low interest rate?
Enter your current interest rate % p.a
you could save †
†Over the full term of the loan you could save this amount on interest.
This example is calculated using a secured loan rate of 9.90% p.a. over a [repayment-years] year term. Total cost of borrowing over loan term would be [total-repayments] (indicative only). This example is not an offer from Unity. How much you can borrow and repayments depend on your personal circumstances. Secured floating interest rates from 9.90% - 21.90%. T&Cs apply. $200 application fee + other fees apply. View a full list of rates and fees.
What is debt consolidation?
Debt consolidation rolls all of your outstanding credit cards, hire purchases, and other debts into a single loan. No more hassle. No more stress. Just a single, easy-to-manage repayment, often with a lower interest rate. The sooner you consolidate your debts, the sooner you could start saving money.
Looking to apply? At Unity we don’t just focus on how the numbers look on paper, we listen to you. We can take the stress out of your debt by reducing monthly repayments and helping you to pay it off quicker. With your debts sorted, you'll be free to invest with a term deposit, save, or just relax and live your best financial life.
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When applying for a loan it's important to consider all of the costs involved. Below is an example of the total costs included over the term of a secured vehicle loan: Personal borrowing $20,000
+
Application fee $200
+
Third-party charges $29.44
=
Total borrowed $20,229.44
Set up over a term of 7 years (366 weeks) at 9.90% p.a. interest = weekly repayments of $77.26 This example is calculated using a floating [secured] rate of 9.90% p.a. over a 7 year term. Total cost of borrowing over loan term would be $28,122.22 (indicative only). This example is not an offer from Unity. How much you can borrow and repayments depend on your personal circumstances. Secured floating interest rates from 9.90% - 21.90%. T&Cs apply. $200 application fee + other fees apply. View a full list of rates and fees. |
Personal finance rates
Our interest rates are priced using a risk matrix that takes into consideration a range of factors including an individual's credit score and affordability. Based on the assessment of an individual's financial information provided we will assign a risk grade and the corresponding interest rate could apply.
Secured loan |
Unsecured loan |
|
| Grade | Interest rate p.a.^ | Interest rate p.a.^ |
|---|---|---|
| Green A | 9.90% | 12.90% |
| Green B | 11.90% | 14.90% |
| Blue A | 13.90% | 16.90% |
| Blue B | 15.90% | 18.90% |
| Yellow A | 17.90% | 20.90% |
| Yellow B | 19.90% | 22.90% |
| Orange A | 21.90% | 24.90% |
^Note: These interest rates are indicative only and may be subject to change without notice.
As published on interest.co.nz as at 31 January 2024.
View our interest rates and fees. For more information, view our loan agreements and terms and conditions.
Helpful guides and information
What is debt consolidation, and how does it work?
Debt consolidation sees you combining all your existing debts into a single loan. It makes managing your debts that much easier. Read on to find out how the process works.
What are the benefits of debt consolidation?
Whether it’s finance for a new car, a holiday, or renovations, debt adds up fast. Have you considered debt consolidation? Click through to learn more about the benefits.
What sorts of debts can I consolidate?
Credit cards? Hire purchases? Secured or unsecured personal loans? Click through to find out what debts you can - and can't - consolidate with a debt consolidation loan.
How does consolidation affect my credit?
Will debt consolidation negatively affect your credit score? Or is this nothing more than a financial myth? Read on to find out how it might actually improve your credit.