Reviews collected under Lending Room, the team behind Moola
Rated 5.0 out of 5 by 1,280+ Kiwis. Credit cards charge 20% to 28% p.a. in NZ. Apply once through Moola and we match you across multiple vetted NZ lenders to a single consolidation loan from 8.99% p.a. so you pay less interest and manage one repayment instead of many.
Most applicants hear back the same business day.
Rates 8.99%–29.95% p.a. (AIR). The 8.99% rate is offered to applicants with strong credit profiles on secured loans. Your rate depends on your credit profile, loan amount, term and security. Soft credit check only from us, no score impact. Moola is operated by Lending Room Limited (FSP486566), an FSPR-registered NZ broker.
Credit cards
20-28%
p.a. typical NZ rate
Consolidation
From 8.99%
p.a. through Moola
We are not a lender. We work for you, finding the right consolidation loan from our panel of multiple vetted NZ lenders so you actually come out ahead.
We use a soft check that leaves no mark on your file. Applying to several lenders directly means several hard inquiries, which can lower the score you are trying to protect.
Tell us about your debts once and we do the work. No filling in the same information across five different lender websites.
Our panel of non-bank lenders and specialist finance providers is often more competitive than going direct on consolidation lending.
We review your debts and situation first. That means we only present an option that actually makes financial sense for your position.
If you are paying high interest across multiple accounts, a consolidation loan can bring them together into one manageable repayment.
Credit card debt is one of the most expensive forms of borrowing. Rolling balances into a lower-rate loan can save significantly over time.
Typical rate: 19% to 28% p.a.Multiple personal loans at different rates and terms can be combined into one. Simpler repayments and potentially lower monthly outgoings.
Typical rate: 12% to 25% p.a.BNPL balances with multiple providers add up quickly. Consolidating them gives you a clear payoff date and a single repayment.
Typical rate: 0% to 30% p.a.If you have an existing vehicle loan at a high rate, we may be able to consolidate it along with other debts. See car loans.
Typical rate: 10% to 25% p.a.Store credit and retail finance often comes with high interest once an interest-free period ends. Consolidating before that happens saves a lot.
Typical rate: 20% to 30% p.a.Apply and our team will confirm which debts can be included in your consolidation loan.
Apply in 5 Minutes →One short form. We handle the lender matching, the follow-up and the hard work. You just wait for your consolidation loan options.
Takes about 5 minutes. List what you owe across credit cards, personal loans, BNPL and anything else. Just the once. We do the rest.
We run a soft credit check with no impact to your score and match you to the consolidation lender on our panel most likely to offer the best overall deal on rate, term and fees.
Our team walks you through the full offer. Once you are happy, your existing debts are paid out and you are left with a single monthly repayment. No obligation at any stage.
Ready to simplify your debt?
Apply in 5 minutes. One application. Find your best consolidation deal.
Going direct to a lender means one application, one lender, one hard credit check. A broker like Moola flips that. One application, one soft check, access to the full panel.
Approaching one lender at a time
NZ finance broker. We work for you, not the lender
Every lender and broker is different. Always compare your options before committing. Moola is operated by Lending Room Limited and bound by the responsible lending principles in section 9C of the Credit Contracts and Consumer Finance Act 2003, supervised by the Commerce Commission.
Adjust the sliders to match your situation. We will show your estimated saving over the life of a consolidation loan.
Your situation
Guide only. Savings depend on your actual rates and lender criteria. Actual rates from 8.99–29.95% p.a. (AIR). The rate offered to you depends on your credit profile, loan amount, term and whether the loan is secured. Broker fee up to $1,500 and lender establishment fees up to $450 may apply. See fee disclosure.
Moola suits employed New Zealanders with a good credit history and debts they want to bring under control. We assess your overall position to make sure a single repayment is comfortably within your means.
You are employed
Full-time, part-time or self-employed with regular, verifiable NZ-based income. Lenders need to see a single consolidated repayment fits your budget.
18 or over, NZ citizen, resident or eligible visa holder
Open and employer-specific work visas accepted with at least 13 months remaining. See visa criteria.
Debts of $1,000 to $250,000
We consolidate across terms of 6 to 84 months. A NZ bank account is required. The right structure depends on your total debt, income and budget.
We don't accept applications from people on a benefit or WINZ support, in financial hardship, or seeking a payday loan.
What to have ready
Having these on hand speeds things up.
Many NZ lenders decline visa holders outright. We work with lenders on our panel who cater for employed visa holders with stable NZ income and a good credit history. If your visa has at least 13 months remaining, it is worth checking your consolidation options.
We are proud of the service we provide. Here is what real Kiwis say after consolidating their debt through us.
Reviews collected under Lending Room, the team behind Moola
If you are juggling several debts at different rates and due dates, debt consolidation rolls them into a single loan with one repayment. Done right, it lowers the interest you pay and gives you a clear payoff date. Here is how it works in New Zealand and how to tell whether it is the right move for you.
A debt consolidation loan is a single new loan used to pay off several existing debts. Instead of managing separate credit card, personal loan and buy now pay later balances, you make one repayment at one rate to one lender. The goal is a lower overall interest cost and a simpler, more predictable budget.
Consolidation saves you money when the new rate is lower than the blended rate across your current debts, and when you avoid dragging the term out so long that the lower rate is cancelled out by more months of interest. Credit cards in NZ commonly sit between 20% and 28% p.a. Moving that balance to a consolidation loan from 8.99% p.a. secured or 10.99% unsecured can save a meaningful amount over the life of the loan.
Keep your repayment at or above what you currently pay each month. Same repayment plus a lower rate means you clear the debt faster and pay less interest overall.
Applying to several lenders directly triggers a hard credit inquiry each time, and multiple inquiries in a short window can pull your score down. Applying through Moola uses a single soft credit check during assessment, which leaves no mark on your file. We only proceed to a lender once we have matched you, and we tell you before any hard check is submitted.
A secured consolidation loan is backed by an asset such as a vehicle, which usually unlocks a lower rate, from 8.99% p.a. An unsecured loan is not tied to an asset and starts from 10.99% p.a. Which suits you depends on what you own, how much you are consolidating and your credit profile. We work out the best structure for your situation as part of the match.
The application takes about 5 minutes to complete. Most applicants hear back the same business day. Same-day funding is possible for applications approved before 3pm on a business day, though timing depends on the lender and your bank.
Consolidation is not right for everyone. If stretching the term lowers your monthly payment but increases total interest, weigh that trade-off carefully. Free budgeting guidance is available at Sorted.org.nz, run by Te Ara Ahunga Ora Retirement Commission.
Complete one short application listing the debts you want to consolidate. We run a soft credit check, assess your position and match you to the lender on our panel most likely to offer the best overall deal. There is no obligation at any stage. If you are happy with the offer, your existing debts are paid out and you are left with one repayment. Moola is operated by Lending Room Limited and bound by the responsible lending principles in section 9C of the Credit Contracts and Consumer Finance Act 2003, supervised by the Commerce Commission.
Everything you need to know about consolidating debt through Moola. Still unsure? Get in touch and we will talk it through.
Check My OptionsIt depends on the rates involved. If we can consolidate your debts at a lower rate than the blended rate you pay now, and you keep the term sensible, you pay less interest overall. Credit cards in NZ commonly sit at 20% to 28% p.a. A consolidation loan from 8.99% p.a. secured or 10.99% unsecured can save a meaningful amount over the life of the loan.
No. Our assessment uses a soft credit check that leaves no mark on your file. Applying to several lenders directly triggers a hard inquiry each time, which can lower your score. We only proceed to a lender once we have matched you, and we tell you before any hard check is submitted.
Credit cards, personal loans, buy now pay later balances, store cards and existing car finance can all be consolidated into one loan. If you are not sure whether a particular debt qualifies, apply and our team will confirm which debts can be included.
Moola arranges consolidation loans from $1,000 to $250,000 over terms of 6 to 84 months. The right amount and structure depends on your total debt, income and budget.
Moola suits employed New Zealanders who are 18 or over, a NZ citizen, resident or eligible work visa holder with 13 or more months remaining, with regular verifiable income, a good credit history and a NZ bank account. We do not accept applications from people on a benefit or WINZ support, in financial hardship, or seeking a payday loan.
The application takes about 5 minutes. Most applicants hear back the same business day. Same-day funding is possible for applications approved before 3pm on a business day, though final timing depends on the lender and your bank.
A broker and introducer fee of up to $1,500 (GST inclusive) applies on successful funding. Lender establishment fees of up to $450 may also apply. All fees are disclosed before you commit. See the Moola disclosure statement for details.
One application. One soft credit check with no score impact. We match you across multiple vetted NZ lenders to a single consolidation loan from 8.99% p.a. Most applicants hear back the same business day.
Rates 8.99%–29.95% p.a. (AIR). The 8.99% rate is offered to applicants with strong credit profiles on secured loans. Your rate depends on your credit profile, loan amount, term and security. Broker and introducer fee up to $1,500 (GST inclusive) on successful funding. Lender establishment fees up to $450 may apply. See the disclosure statement.
