Rating based on 40 reviews

The Co-operative Bank

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Author The Co-operative Bank. Screenshot of The Co-operative Bank website.
[Accessed March 7, 2023]

About The Co-operative Bank

What makes Co-operative Bank different is that it shares its profits with its customers.

Co-operative Bank is the only bank in New Zealand that does this. It is owned by its clients and aims to give back to them. Since 1928, Co-op Bank has been delivering dedicated banking and lending products and services. With 34 branches nationwide, it currently serves a client base of 128,000.

A full range of financial products

Co-operative Bank offers a comprehensive range of financial products, including transaction and savings accounts, personal loans, and specially designed accounts for children. The bank also provides overdraft facilities, investment programs, and insurance. Customers can use ATMs from any bank in the country, as well as access internet, telephone, mobile, and TXT banking services.

The Co-operative Bank Services

Co-operative Bank will discuss a customer’s current situation, needs, and future plans to structure the repayment of the consolidation loan in a way that fits their budget.

The maximum repayment term offered is 5 years. With a debt consolidation loan from Co-operative Bank, customers can combine all of their debts into one, make a single payment each month, and enjoy a higher disposable income.

Competitive interest rates

Customers can make weekly, fortnightly, or monthly payments depending on their income flow and preferences. If an asset is placed as security, an even lower interest rate can be obtained. Co-operative Bank also offers interest rate discounts. By taking out at least two qualifying insurance products, customers can benefit from reduced interest rates. The bank strives to make decisions on applications within 1 business day.

The Co-operative Bank – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate 14.519.5% p/a
  • Loan Amount up to $30,000
  • Repayment 12 months to 5 years

Benefits of The Co-operative Bank

  • The debt consolidation loan experts
  • Apply online
  • Reduced monthly payments

We can help you become debt free, and stay debt free

Debt consolidation loans from The Co-operative Bank can offer you some assistance with getting free of overbearing debts throughout your life.

In New Zealand, debt consolidation loans at The Co-operative Bank are very basic and help New Zealander’s who have various debts (which aren't too extensive) and wish to pay every one of them off with one advance. Rather than juggling an assortment of debts, a debt consolidation loan licenses clients to "unite their debt" and have just a single advance to pay off by the months end.

The Co-operative Bank can help you if:

  • You have 2 or more Visa debts to pay off
  • You battle to remain focused with your reimbursements on your advances and Visas
  • You wish to change your funds by having just one credit to stress over.

Debts you can consolidate

  • Credit cards
  • Store cards
  • Personal loans online
  • Outstanding bills
  • Tax debt
  • Rates
  • Lay-bys

Here are the advantages of our debt consolidation loan;

  • Your scheduled installment amount can normally be reduced.
  • Your concern is one installment, rather than numerous reimbursements that fall on diverse days.
  • You need not to worry about late expense charges
  • It builds up your FICO score as you will be less inclined to miss an installment

Who is this item for? Those that have a gathering of different debts and wish to blend them into one. Am I qualified to apply? You should be eighteen years or more, a permanent New Zealand occupant, and permanently employed receiving a regular wage.

So what are you waiting for, apply for a loan online today, or come and see one of our consultants? Get cash in your account within 24 hours! It is so simple!

Customer Reviews & Testimonials

I walked into the branch and immediately felt at ease. The consultant who helped me was knowledgeable and informed and I was able to apply for my loan right there and then.

Leia S
— Ashburton —

The consultant who helped me didn't just walk me through the application but actually helped me set up a budget that I could follow. Really great service.

Sophie T
— Lower Hutt —

The Co-operative Bank Contact

Physical Address


Postal Address

  • PO Box 180, Whangarei New Zealand

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:30 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed