Debt consolidation loans to get your finances back under control

Debt Consolidation, Made Easy

One easy to manage payment

One easy to manage payment

Combine multiple debts into one easy payment, reducing stress and making money management a breeze.

Save on the repayments

Save on the repayments

Save on your repayments with a potentially lower interest rate and lower repayments over a flexible period.

Tailored to your needs

Tailored to your needs

At Pioneer Finance, we understand that everyone's financial situation is unique. We're flexible and can customise a loan for your needs.

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What would it cost?

Understanding the exact cost of a personal loan is crucial. Use our easy-to-use calculator that provides you with an accurate estimate, taking into account all fees typically involved. We believe in transparency, so you can make informed decisions about your finances.

How much do you want to borrow?


24 Months

13.95% (annually)

Your repayment estimate

Weekly Fortnightly
Amount Borrowed $3,000
Establishment Fee $195
PPSR Fee $8.05
Amount Borrowed $3,203.05
Interest $486.04
9$ Monthly Fee $216
Total $3,905.09
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*This is an example of a common loan request and gives you an indication of what the monthly loan repayments will be. Your establishment fee may be different depending on the security used, complexity and the time taken to process your application. You may also optionally take payment protection insurance which would increase your total cost.

Our rates and fees

Rather than having set fees & interest rates we prefer to work with ranges as not every application is the same. So if it is a short term Bridging loan, Debt consolidation, Personal Loan, Home renovations, Car Loan, Holiday, Funeral or Business loan we have the loan for you.

Establishment Fee Range

$165.00 – $550.00

Interest Rate Range

11.95% - 22.95%

Loan limits

$2000 - $100,000

Loan terms

1 Month - 7 Years

Other information you need to know

  • All loans need to be secured.
  • There is no early repayment fee.
  • Your rate is fixed for the term of the loan.
  • You can pay Weekly, Fortnightly or Monthly.
  • Need to change your payment date just give us a call.
  • Statements are sent every 6 months.
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For further information please, see our rates and fees.

Example of Debt Consolidation Loan

Often consumers have lots of small loans, credit cards, or store cards as the purchases these products were used to buy were made at different times. They all come with varying interest rates and fees and on their own, the repayments seem small but when you add them together you can be paying large amounts of fees and interest. A couple of examples are below:

Example 1

Matthew has a large loan some Credit cards and Store cards which he has consolidated into one easy loan as follows:

LoansCurrent BalanceExisting Monthly repayments
Loan 1$42,257.99$1278.33
Hire Purchase$2,342.05$216.66
Credit Card 1$1,994.38$130.00
Credit Card 2$1,008.86$130.00
Store Card 1$4,037.25$130.00

After consolidating these debts Matthew now has a monthly repayment of $1,193.53 which is a monthly saving of $691.46 and will have his debt paid off in 7 years.

Matthew is smart as he was comfortable paying $1700 a month on his loan rather than the minimum payment which now reduces the term of his loan to 4 years.

Example 2

Eric and Simone have a few credit cards and store cards that they have been paying the minimum payment for a while now and the balance doesn’t seem to be going anywhere. The debts have been consolidated as below:

Credit & Store CardsInterest rateBalanceMonthly Payment
Credit Card 125.99%$5,532.00$276.60
Credit Card 220.95%$1,607.00$80.35
Credit Card 319.99%$6,000.00$300.00
Store Card 129.95%$3,000.00$150.00
Store Card 225.99%$2,000.00$100.00

After completing a Debt Consolidation loan at an interest rate of 18.95% with Pioneer they now have a monthly repayment of $577.73 which is a monthly saving of $329.22 and are happy knowing these debts will be paid off in 4 years.

Should I consolidate all of my debt?

Sometimes you won’t benefit from consolidating all of your debt and you are better off leaving it where it is, like interest-free loans that do not cost you any interest. Other examples are you might have a lower interest rate or you don’t have long to go before the loan is paid or the early repayment fees are expensive.

What security can be used?

We can use the following securities:

  • Property
  • Motor vehicles – Including cars, trucks & motorbikes
  • Boats & Jetskis
  • Business assets
  • Household chattels

Personal Loan Terms

The loan terms we are able to offer depending on the security offered. Below is a table detailing the terms we can offer:

SecurityMaximum term
Property7 Years
Motor Vehicles less than 10 years old4 Years
Motor vehicles older than 10 years, up to 18 years3 Years
Motor vehicles older than 18 years2 Years
Boats & Jetskis3 Years
Chattels2 Years

How to apply

You can apply for a debt consolidation loan with Pioneer Finance if you are:

  • Over the age of 18; and
  • A New Zealand Citizen, Permanent Resident, or in some instances on a work visa; and
  • Are employed or have a regular source of income i.e Job, Self-employed, or receive a benefit

You do need to show that you have the affordability for the loan and that you are who you say you are. You can do this by providing the following:

  • Proof of Identity – i.e passport or driver’s license
  • Proof of Address – Bank statement, utility bill, or a letter from a government department
  • 3 Months bank statements

Depending on the security offered for the loan we may require further information such as rates notice, mortgage statements, or proof of purchase.

What checks will you complete using my information?

Depending on the security offered we will do checks with the following registers:

  • Credit checks with 1 or more of the following Equifax, Centrix or Illion
  • PPSR
  • Land online
  • New Zealand transport
  • Driver Check

Don’t worry if your credit check has a couple of bumps and bruises we may still be able to help you.

Debt Consolidation Fees and Charges

Debt consolidation loans will have various fees attached, which may include:

  • An establishment fee once your loan is approved and you have accepted the terms
  • Ongoing monthly account fees
  • Security registration fees
  • Caveat registration fee
  • Default fees for late payment
  • Early settlement fee
  • Caveat removal fee
  • One-time broker fees if using a finance broker

Some of these fees will be charged to the loan upfront or are calculated in your weekly, fortnightly, or monthly installments. Other fees can be charged at the end of the loan term such as early settlement fees or if you used your property as security a caveat removal fee can be charged.

For more details on our fees and charges go to our Interest rates and fees page in the important information section.

Debt Consolidation FAQ

If you are over the age of 18 (up to the age of 21 you may require a guarantor), a permanent resident of New Zealand, earn a regular income, and can demonstrate the ability to repay the loan, you may qualify for a debt consolidation loan.

We offer loans from $1,000 to $100,000 on a debt consolidation loan in New Zealand. The amount we lend does depend on the security offered for the loan. The more security offered the better chance we will be able to lend the amount you require. We will also need to check your affordability and credit profile.

Approval time depends on some variables:

  • How much information you provide, the more information you provide the quicker we will be able to give you an answer.
  • Larger loans tend to take a little extra time
  • Loans with property involved can also take a little longer to get approved

In saying that we do endeavour to give a same day answer on all applications received.

Yes, you can make extra repayments; or you can increase your minimum repayment to help pay your loan off earlier. We do charge a small early settlement fee of $75.

Applying at multiple finance companies will no longer affect your credit rating in New Zealand. Since October 1st 2019 every credit check done by a finance company is listed as a quote with Equifax, Centrix or Illion and will only affect your credit rating should you accept the loan offer.