Debt consolidation loans
Roll all of your existing loans into one single loan and sort out your finances with easy-to-manage recurring fortnightly or monthly repayments when you apply for a debt consolidation loan from ASB.
Calculator
Calculate your debt consolidation loan, compare different loan consolidation options and save your loan option via email for later.
Interest rates and fees
Unsecured personal loan (minimum amount $2,000)
As an example, if you borrow $5,000 over 5 years at 13.90% p.a., the total interest cost will be about $2,004. Our standard fixed interest rate of 13.90% p.a. gives you certainty of your rate. Know the rate you will receive before applying, rather than finding out once you submit an application.
A loan processing fee of $99 may apply. Rates and fees may change. Find out more about our rates and fees.
ASB no longer offers Secured personal loans to new customers.
Does an ASB Debt Consolidation Loan work for me?
- Once approved, you will receive our fixed rate of 13.90% p.a.
- Make extra repayments online at any time, with no charges and no early repayment fees.
- Just 3 simple steps to get your money. Calculate. Apply. Get approved.
- Easily keep track of your loan online or in the ASB Mobile Banking app.
- Flexible repayment options - choose your loan term, from 6 months to 7 years.
- Combine multiple debts into one loan and have a single easy repayment - fortnightly or monthly.
- Simplify multiple loans like store cards, credit cards, hire purchases and car loans, all under one interest rate.
- Apply to borrow any amount over $2,000 if you're over 18 and are a New Zealand citizen, Resident, or on a New Zealand Work Visa (conditions apply).
How to apply for your debt consolidation loan online
01. Calculate
Decide how much you need and what your repayments would be.
02. Apply
Fill out an application online if you are an ASB customer. If not, you will need to contact us.
03. Get a decision
We'll give you a response and let you know the next steps online immediately.
04. Get your money
We endeavour to put the funds in your account the same business day you sign the documents.
Apply for an ASB Debt Consolidation Loan
Visit a branch or call
Visit us at one of our many branches, or call us on 0800 100 600.
We're here to help you
Frequently asked questions
Manage your loan
Interest rates and fees subject to change. ASB's lending eligibility criteria, terms and fees apply.
*Debt consolidation loans cannot be used to repay an existing ASB personal loan or repay loans from friends or family.