Personal Loans for Kiwis – Online, Fast, NZ-Wide

The amount you can borrow depends on affordability—how much you can comfortably repay based on your disposable income. Lenders assess this when reviewing your application.

Interest rates vary depending on factors like your credit profile and past loan repayment history.

Current fixed interest rates range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and the lender.

Fees include Introducer and Establishment Fees, and may also include ongoing account or other fees. You can view more about Lender Fees here, and how we are remunerated here.

Personal loan terms typically range from one to five years, based on your preference and what you can afford to repay monthly.

Yes, you can pay off a secured loan early. However, some lenders may charge an early repayment fee or have repayment amount limitations, so it’s best to check your loan agreement for details.

Unsecured loans can impact your credit score if payments are missed or late. However, making timely repayments can help improve your credit score over time.

The amount you can borrow on a secured loan depends on the value of the asset you’re using as security and your ability to make repayments. Lenders will also consider your income and credit history.

The amount you can borrow with an unsecured loan is determined by factors such as your income, credit history, and existing financial obligations. Unsecured loans typically have lower borrowing limits compared to secured loans.

Unsecured loans often come with higher interest rates compared to secured loans. Additionally, approval can depend heavily on your credit history, and you may not be able to borrow as much as you would with a secured loan.

Secured loans are more accessible for those with lower credit scores because the asset used as collateral reduces the lender’s risk. However, a higher credit score can still improve your chances of approval and secure better rates.

The credit score required for an unsecured personal loan varies by lender. Generally, a good to excellent credit score improves your chances of approval and may result in better interest rates.