Rating based on 40 reviews

The Co-operative Bank

  • Debt consolidation up to $30,000
  • Low-interest starting from 14.5%
  • Repayment up to 5 years

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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 we share our profit with our customers.

We are the only bank in New Zealand to do this. We are owned by our clients and we want to give back to them. We have been delivering dedicated banking and lending products and services to our customers since 1928. We have 34 branches nationwide. Currently, our client base accounts to 128,000.

We offer a full range of financial products

It includes transaction and savings accounts and personal loans. We have specially designed accounts for children. We provide overdraft facilities, investment programs and insurance to our clients. When you bank with us, you can use the ATMs of any bank in the country. We have internet, telephone, mobile and TXT banking.

The Co-operative Bank Services

We will discuss your current situation, needs and future plans to structure the repayment of the consolidation loan so that it fits your budget.

The maximum repayment term which we offer is 5 years. With a debt consolidation loan from Co-operative Bank, you can bundle all of your debts, make a single payment every month and enjoy a higher disposable income.

We have competitive interest rates

You can make weekly, fortnightly or monthly payments depending on your income flow and preferences. If you place an asset as security, you can get an even lower rate. We have interest rate discounts as well. If you take out at least two qualifying insurance products, you can pay lower interest. We strive to make a decision 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 in Auckland 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

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