QuickLoans Debt Consolidation Loan Review


Last updated:  

A Quickloans debt consolidation loan allows you to combine all your outstanding debts into a single repayment scheme.

Borrow up to $20,000 with a secured loan from Quickloans. You can apply for a debt consolidation loan online and successful applicants can be granted access to funds within 24 hours.

9.95% - 23.95%

Interest Rate (p.a.)


Max. Loan Amount


Minimum Credit Score


Product NameQuickLoans Debt Consolidation Loan
Benefit DescriptionPersonal loans up to $20,000 and approved within 60 minutes regardless of your credit score.
Interest Rate (p.a.)9.95% - 23.95%
Min. Loan Amount$1,000
Max. Loan Amount$20,000
Loan TermUp to 36 months
Turnaround Time60 min. response, money available when docs signed (usually same day)
Go to site
More Info

Pros and cons


  • No early settlement fee
  • Quick approval times
  • Fast access to funds


  • Collateral required for all loans
  • Establishment fee of $95-$595 depending on loan size
  • $12 monthly administration fee

Main points to consider with a QuickLoans Debt Consolidation Loan

Quickloans offers debt consolidation loans between $1,000 and $20,000 for terms of up to 5 years.

Applications can be completed online and approval times can be a fast as 90 minutes. If you’re approved for a debt consolidation loan, funds will generally be available within 24 hours.

Features of a debt consolidation loan from Quickloans

  • Interest rates between 9.95% - 23.95%. Interest rates vary based on the amount you borrow, the length of the loan and the size of the repayments you’re able to make.
  • Varying loan size. You can choose a loan size that suits you from as little as $1,000 up to $20,000.
  • Approval times of less than 90 minutes. Once you apply for a loan you’ll be contacted by Quickloans within 30 minutes (during business hours). You’ll then be granted approval within the following hour if your application is successful.
  • Funds available within 24 hours. If you’re approved, you should have access to your funds within 24 hours on business days.

How much does the loan cost?

The total cost of your loan will depend on how much you borrow, the length of your loan term and your ability to make repayments.

The following fees may apply to your loan:

  • Establishment fee of between $95-$595 depending on loan size
  • Account administration fee of $2.80 per week or $12 per month
  • Security variation fee of up to $150 to change collateral on a loan
  • Refund fee of up to $50 to refund an overpayment
  • Extra statement fee of $10 per additional statemen
  • Mortgage fee of $399 should you register a property as collateral
  • Collateral inspection fees of between $50 - $95
  • Collection charges and default fees of $2 every day while in arrears, plus fees for reminder letters, repossession letters and recovery costs if you fail to meet repayments

How to apply for a QuickLoans Debt Consolidation Loan

You can apply for a QuickLoans Debt Consolidation Loan by clicking the green “Go to Site” link on this page. To be eligible you must, at a minimum:

  • Be over 18 or have a guarantor who is over 18
  • Be able to provide security for your loan
  • Live in New Zealand and be a citizen or resident
  • Not currently be bankrupt
  • Not have recently filed a “No Asset Procedure”

When applying for a loan you generally need to provide:

  • Proof of identity. You must provide proof of your age, address and identity through a driver’s licence, passport, bank card or firearms licence.
  • Proof of income. You will need to provide recent payslips or bank statements to demonstrate your ability to make repayments.
Go to site