Rating based on 30 reviews

The Co-operative Bank


  • Low-interest starting from 14.50%
  • Debt consolidation loans up to $30,000
  • Repayment up to 5 years

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Author The Co-operative Bank. Screenshot of The Co-operative Bank website. [Accessed May 23, 2018]

About The Co-operative Bank

Secure a perfectly designed debt consolidation loan and get rid of your debt in no time.

As an award-winning bank that has been in the business for many years, they have the expertise, the infrastructure, and the speed to get your loan approved quickly and effortlessly - and you can do this from the comfort of your own home.

Get a loan from a bank that understands

With prices increasing at an uncountable rate - New Zealanders are finding it harder and harder to afford day-to-day living expenses as well as their monthly debt repayments of store cards, credit cards, personal loans, and more.

At The Co-operative Bank, their main goal is to allow people to have that financial freedom they had just a few years ago and they are achieving this goal through their low-cost debt consolidation loans.

You are not just a number

If you're tired of working with lenders who simply don’t understand you then it's time to switch to a lender that makes more effort - switch to The Co-operative Bank. They make an effort to build a long-term relationship with clients where they get to know you and understand your needs on an individual basis.

Apply for a loan online using our simple application form

You can get a debt consolidation loan between $3,000 and $50,000 while enjoying some of the most competitive rates on the market from as low as 6.99% per annum.

If you're looking to become financially free and get out of debt without having to work too hard to do it, their debt consolidation loans will do the job for you. The flexibility of their terms will allow you to repay your loan over 6  to 60 months with ease.

Their versatile personal loans

Access a wide range of personal loans for you to use for whatever you need it for including debt consolidation, home renovations, starting your new venture, buying a car, and much more.

Getting your loan approved is a top priority for them, that’s why they have put sophisticated technology in place as well as processes that are as smooth as possible, to get you your loan fast.

Tailored debt consolidation

Although their affordability checks are quick, it is also very accurate and will immediately give them an idea of how much they can lend you. Although you are free to select your own debt consolidation loan amount and term, they may adjust this to better suit your income and budget.

The Co-operative Bank Product Details

  • Loan Type Debt consolidation loans
  • Interest Rate 14.50 – 19.50% p/a
  • Loan Amount up to $30,000
  • Repayment 12 months to 5 years
  • Decision 2 hours

How to Apply at the Co-operative Bank

Apply for a debt consolidation loan online using their simple application form and get only the best assistance from their dedicated staff members whenever you need it.

Like most lenders, they do have certain minimum requirements and they do require their applicants to provide them with documents to support their application. The difference with them is that they do away with red tape and make things simple.

They do everything according to the book

There are so many scams happening of late. Therefore, it is important that you ensure the company you are in a contract with is a registered company and not just mediocre people that don’t seem to understand the work.

Due to the fact that The Co-operative Bank, a 100% New Zealand-owned bank, maintains honesty, dignity, and transparency, they also expect their clients to do the same.

They believe that a collective effort is better than an individual effort. This way of doing business has kept them amongst the very top lenders in New Zealand since they started in 1928. 

All applicants are welcome

Even if you have a bad credit history or a less than perfect credit profile, they will consider your application. If they see that you can handle the loan amount, they will gladly grant you your debt consolidation loan NZ.

On the other hand, if the figures are not corresponding as far as affordability is concerned on their side, they will have no choice but to turn down your application. Instead, they will advise you to pay off certain debts first and apply again once they are settled. Their doors are always open for their customers.

Step 1:

You can apply at any time 24/7 online by providing them with all your financial details such as your income, expenses, and the amount of debt you have.

Step 2:

They will work through your information and provide you with an answer within 3 to 5 days.

Step 3: 

If you have been approved, they will ask you to sign the agreement and transfer the funds into your account.

They are all about relationships and financial well-being

With The Co-operative Bank, you can rest assured that they have your best interest at heart while they truly care about your financial well-being.

Being a 100% New Zealand-owned company, their main objective is to make New Zealand a better place by empowering Kiwis. Helping Kiwis to get out of their debt is what they do best with their carefully designed and affordable debt consolidation loans.

Benefits of partnering with The Co-operative Bank

  • A long-term trusted relationship with a bank that puts your financial well-being first.
  • Impeccable interest rates.
  • A better financial future and the freedom you deserve.
  • Flexibility and full transparency.
  • Immediate financial relief.

Customer Reviews & Testimonials

November 2020

The Co-Operative Bank has such an easy and hassle-free loan application process. After I completed my debt consolidation application loan, I was notified on the same day of the status of my loan....

Caroline R
— Clive —

December 2021

I was looking for a debt consolidation that wouldn’t hide certain information from me. When I realized that the Co-Operative Bank is a straight forward credit provider that doesn’t come with any ...

Jazmine L
— Clyde —

February 2021

When I was assisted by one of your consultants, it felt like I was helped by one of my friends. I was treated with the outmost respect, professionalism and care. It felt good to see that there ar...

Alister R
— Coatesville —

March 2021

My schedule allows me very limited time to be on the phone or computer. When I needed a debt consolidation, I worried that the process might take up too much of my operational requirements time. ...

Christoper U
— Clinton —

March 2021

Dealing with such a trustworthy and reliable company gave me the confidence and financial assistance I needed to rid myself of my overwhelming debt.

Clark M
— Greymouth —

September 2021

They have well-trained consultants that are very passionate about helping kiwis.

Nathan S
— Gisborne —

February 2022

I am grateful for the perfect solution they offered me. Within 2 days I experienced immediate relief and can finally have a bit of financial breathing space.

Donavan S
— Queenstown —

The Co-operative Bank Contact Details

Contact Number



Physical Address

  • Corner of Vine and Bank Sts Whangarei Northland 0110 New Zealand
  • Get Directions

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