Simplify your life with an easy repayment plan
Stress free repayments
A personal loan for debt consolidation from AA Money can help reduce the time spent managing multiple repayments by consolidating your debts into one simple regular repayment.
Tailored to you
You can set up your debt consolidation loan around your needs and affordability over a time frame that suits you so that you can enjoy the special moments in life knowing that your finances are under control.
Get a decision fast
Use our loan calculator to estimate your repayments, then submit your application online. We aim to get back to you within one business day.
Keeping track of your debt across multiple types of borrowing, such as credit cards, overdrafts and loans, can be difficult to manage. You may be dealing with varying interest rates and different repayment obligations on different dates. A debt consolidation loan may be able to help simplify the management of your loans.
To consolidate your debt into a personal loan with AA Money, we would need to know what debts you are planning to consolidate and the combined value of the debt.
A personal loan from AA Money is a form of secured lending. We require a motor vehicle, or motor vehicles, which you already own as security against your loan.
With a personal loan you'll be charged interest on the amount you borrow over the term of your loan. You can get an estimate of the regular repayments required on your personal loan by using our loan calculator.
Is a personal loan right for you?
As a responsible lender, AA Money must make reasonable enquiries about your spending patterns and to understand whether you have sufficient funds to service your loan repayments, prior to entering into a contract with you.
In some cases, a personal loan may not be the right option for you.
If you are unable to meet your loan repayment obligations, you risk losing your vehicle. If you have a personal loan with AA Money, and your debts are becoming difficult to manage, please talk to us.
Frequently asked questions
Can anyone apply for a personal loan?
Yes, anyone who is a New Zealand citizen or has a New Zealand resident visa can apply for an AA Money Personal Loan. You also must be at least 18 years old when applying. All personal loans will be subject to our lending criteria, fees and standard terms and conditions.
Do I need to provide a vehicle to be used as security for personal loan?
Yes, AA Money needs security in the form of a motor vehicle that you own, of greater value than the personal loan amount requested. All personal loans will be subject to our lending criteria, fees and standard terms and conditions.
How much can I borrow?
AA Money's minimum loan amount is $5,000. You can use our online calculator to estimate the likely repayments to ensure that the loan is affordable.
*Lending criteria, fees, terms and conditions apply. Interest rates range from 12.25% to 19.70% p.a. Actual rate will be allocated based on AA Money credit criteria.
Establishment fee of $235, Personal Property Security Register (PPSR) fee of $10.35, and Account maintenance fee of $2/month apply. For more information on interest rates, and the total cost of borrowing, view our pricing.