Take Back Control of Your Debt
Consolidate your loans, credit cards, and hire-purchases into one simple, low-rate SMB loan from 12.95% pa*
Excellent Trustpilot rating from 3,865+ reviews
*The 12.95% rate applies to our lowest-risk customers; your actual rate may vary between 12.95% and 49.95% depending on risk factors and the amount borrowed. Total repayments, including all fees, range from $3,464.19 (at 12.95% pa) to $5,446.34 (at 49.95% pa), incorporating a $240 establishment fee and $156 in account maintenance fees.
**Responsible lending inquiries apply.
Feeling overwhelmed by multiple debts?
Simplify your payments with an SMB Debt Consolidation Loan.
Pay off faster
Keep your same weekly payment – but clear your debt in less time.**
Save on interest
Switch to 12.95% pa* and save $$ in interest compared to average credit card and hire-purchase rates.*
Get your life back
One simple payment, no more juggling due dates – regain control and breathe easy.
* Our standard annual interest rates range from 12.95% to 49.95% per annum, with an establishment fee of $240 and an account fee of $4 per month (when paying monthly), $2 per fortnight (when paying fortnightly), or $1 per week (when paying weekly). Normal lending criteria and responsible lending inquiries apply.
** Normal lending criteria and responsible lending enquiries apply.
Meet Sarah – A Typical Kiwi in Debt
Sarah from Auckland never meant to get into debt. It just… happened.
⚠️ Car Loan – $12,000 @ 18.9% pa
⚠️ Credit Card – $4,000 @ 22.9% pa
⚠️ TV Hire-Purchase – $2,500 @ 29.95% pa
→
→
→
$71/week
$26/week
$19/week
That’s $116/week just to stay afloat. Interest was eating her alive. She felt trapped. 😕
Find out what we did
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The SMB Solution:
One Loan, One Payment, One Goal
Sarah consolidated all 3 debts into one SMB loan at 12.95% pa* – keeping her weekly payment at $116.
Sarah paid off her debt 12 months early – and saved over $6,000 in interest.
The illustrative chart compares a hypothetical $18,500 total debt, comprising a $12,000 car loan at 18.9% p.a. (weekly repayment $71), a $4,000 credit card at 22.9% p.a. (weekly repayment $26), and a $2,500 TV hire-purchase at 29.95% p.a. (weekly repayment $19) — against a single consolidated SMB personal loan at 12.95% pa with the same total weekly repayment of $116. Assumptions include fixed weekly payments, interest calculated daily and compounded weekly, additional fees and all SMB charges, no rate changes, and a 52-week year. The high-interest scenario (weighted average ~21.26% pa) takes approximately 5 years to pay off with $11,576.80 in total interest. The SMB consolidated loan at 12.95% pa pays off in approximately 4 years (12 months faster), with $5,519.96 in interest and fees, saving an estimated $6,056.84. These figures are for illustrative purposes only, based on standard amortisation calculations, and do not constitute financial advice. Actual repayment terms, rates, and savings depend on individual credit assessment, loan amount, term, and responsible lending criteria. Rates range from 12.95% to 49.95% pa and are subject to approval. Use SMB’s online calculator for a personalised quote. See full terms at www.smb.nz/terms.
Get started with a SMB Debt Consolidation loan
Combine your debts into one simple, low-rate loan with SMB and take back control. Starting at 12.95% p.a.*, our consolidation loans are often lower than bank rates, with quick approvals in minutes, no hidden fees, and flexible repayments tailored to your budget. Stop juggling multiple bills and high interest – enjoy one easy payment, faster payoff, and real savings. Trusted by thousands with 4.9/5 stars on Trustpilot. Apply online today and simplify your finances.
Access to up to $20k
Trusted by over 30,000 Kiwis
Get funding in as little as 24 hours
Up to $20,000, in 24 hours
Not secured to your home
Trusted by 30,000 Kiwis
Why SMB
A way to ‘yes’ in an industry of ‘no’
We’re here to help you achieve the future you want, no matter where you start.
You’re more than your credit score
At SMB, we look deeper at your situation and your goals.
Help when you need it
We want you to take control of your financial future. We’re just a call away, so let’s see if we can help.
Trusted by over 30,000 Kiwis
With over 3,865 5-star reviews, know you’re in good hands.
Personal loans for hassle-free funds, fast
Same-Day Funding
Not secured against your home
Lump sum payments help you pay off debt faster
Top-rated (5-Star) personal loans
Fixed Rate
Loans up to $20,000
Important
Things to consider before getting a debt consolidation loan
1
Interest Rates
Ensure the new loan's rate is lower than your current debts to save on interest.
2
Fees and Terms
Check for origination fees, prepayment penalties, and the loan term length.
3
Financial Discipline
Assess if you can avoid new debt; consolidation should prevent future financial strain, not increase spending!
Your loan could be just three steps away
Our standard annual interest rates are 12.95% - 49.95%, with an establishment fee of $240 and account maintenance fees of $1-$4 per payment (see more here). Normal lending criteria and responsible lending inquiries apply.
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Our personal loans help fund life’s smallest to biggest moments. Our products are designed to provide customers with access to competitively priced credit whenever and wherever they need it.
Take a look to see whether you qualify for a loan and and take a look at our loan products here.
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Making your loan repayments on time, leads to a brighter tomorrow through positive credit reporting! SMB has partnered with credit bureau Equifax to ensure customers benefit from paying their loans on time. Making your payments on time will positively impact your credit score, which is a great way to get your score moving in the right direction.
Want to know more about what your credit score is and how positive credit reporting works? Check out our article here.
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We know your loan is important to you, so we work hard to get it to you quickly! If your loan is approved on a business day, we will make payment to your bank on the same day.
The exact time that funds will become available to you will depend on your bank, but it should be within a few hours post approval!
We'll keep you updated on the status of your application by email and text, and you can also call our friendly customer team FREE on 0800 27 28 36to discuss the status of your application.
Click here for more information on our loan application process.
All loan applications are subject to responsible lending inquiries.
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You sure can!
Basically, a top-up is a new loan, just with a portion of the funds being used to settle your previous loan balance.
You just need to make sure the top-up is enough to clear your existing loan balance AND cover off what you need the new loan for.
The amount you can top-up by is dependent on your individual circumstances! Each top up request for additional funds is subject to a full credit assessment.
What we look at when we assess your top-up loan application:
You have a history of making payments on time on your current Flex Loan
That the new loan remains affordable and there has been no significant change in your circumstances including changes in income, expenses and other financial commitments
The new loan continues to meet your requirements and objectives
You have demonstrated good account behaviour reflecting a responsible borrower. This means your bank statements don't show:
Reversals to other credit and/or utility providers
Transfers and withdrawals causing reversals
Problem gambling impacting your ability to meet payment obligations
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You can request an early repayment at any time at no extra cost or penalty!
Please call our repayments team FREE on 0800 27 28 36before making an extra payment so we can provide you with the exact balance to pay and adjust your repayment schedule if necessary.
Click here for more information on repaying your loan.
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We want to ensure you have the best borrowing experience possible and we have a number of options available to keep you on track. We encourage you to contact us if you can’t make a payment – we can talk about your options and adjust your repayments!
Our friendly repayments team are here to help – give them a call FREE on 0800 27 28 36or send an email to repayments@smb.co.nz.
We understand that sometimes you can struggle financially, we are here to help you! Although it can be tempting to just ignore the situation and hope things will improve for the better, missing a payment may hurt your credit score! If you feel things might get out of control or if your individual situation has changed, all you need to do is give us a call and we can help protect your score, and work together to find a repayment solution that is suitable.
Click here for more information on repaying your loan.
Click here for more information on financial hardship.
FAQs
