Personal Loans

There are a huge amount of options when you are borrowing money, we make it simple for you to choose

What type of Personal Loans do you want to compare?

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Nectar
53557
Personal Loan Unsecured C1-C4
Rate (p.a.)

8.95% to 29.95%

Comparison Rate (p.a.)

25.91%

Loan Amount

$1,000 to $25,000

Representative example: The advertised rate is 24.50%, so if you borrow $15,000 over 3 years you will pay a $240 Establishment Fee and a $1.75 fee per month. You will repay $603.67 each month and $21,732.01 in total.

  • 100% online and fully New Zealand owned, Nectar can provide a loan offer in 7 minutes

Establishment Fee $240

Repayment Options weekly, fortnightly, monthly

Monthly Fee $1.75 Administration Fee payable per repayment

Minimum Loan Term 6 months

Other Fee -

Maximum Loan Term 4 years

Early Repayment Fee No fee

Other Info -

More Info
Pronto Finance
51411
Personal Loan (secured by car)
Rate (p.a.)

11.97% to 29.97%

Comparison Rate (p.a.)

15.83%

Loan Amount

$200 to $20,000

Representative example: The advertised rate is 11.97%, so if you borrow $15,000 over 3 years you will pay a $330 Establishment Fee and a $17.16 fee per month. You will repay $526.12 each month and $18,940.17 in total.

  • 9 minute guarantee cash advance

Establishment Fee $130 to $330 (Loan amount dependent)

Repayment Options weekly, fortnightly, monthly

Monthly Fee $17.16 ($3.96/week)

Minimum Loan Term 182 Days

Other Fee -

Maximum Loan Term 5 Years

Early Repayment Fee None

Other Info -

More Info
Carpow
50489
Personal Loan - Secured
Rate (p.a.)

8.95% to 23.95%

Comparison Rate (p.a.)

12.23%

Loan Amount

Up to $50,000

Representative example: The advertised rate is 8.95%, so if you borrow $15,000 over 3 years you will pay a $495 Establishment Fee and a $7.5 fee per month. You will repay $499.88 each month and $17,995.55 in total.

    Establishment Fee $495

    Repayment Options weekly, fortnightly, monthly

    Monthly Fee $7.50

    Minimum Loan Term -

    Other Fee $11.50 (PPSR)

    Maximum Loan Term 5 years

    Early Repayment Fee $45

    Other Info -

    More Info
    Harmoney
    53011
    Personal Loan - Unsecured Grade E1-E5
    Rate (p.a.)

    6.99% to 19.99%

    Comparison Rate (p.a.)

    22.73%

    Loan Amount

    $2,000 to $70,000

    Representative example: The advertised rate is 21.99%, so if you borrow $15,000 over 3 years you will pay a $150 Establishment Fee and no Monthly Fees. You will repay $578.51 each month and $20,826.25 in total.

    • You can find out how much you are eligible to borrow with a no obligation application process.

    Establishment Fee $150

    Repayment Options monthly

    Monthly Fee -

    Minimum Loan Term 3 years

    Other Fee -

    Maximum Loan Term 5 years

    Early Repayment Fee No fee

    Other Info -

    More Info
    Instant Finance
    49062
    Personal Loan Unsecured
    Rate (p.a.)

    19.95% to 29.95%

    Comparison Rate (p.a.)

    22.66%

    Loan Amount

    $200 to $20,000

    Representative example: The advertised rate is 19.95%, so if you borrow $15,000 over 3 years you will pay a $$495 Establishment Fee and a $2.5 fee per month. You will repay $577.96 each month and $20,806.38 in total.

    • Branches nationwide

    Establishment Fee $95 to $495

    Repayment Options weekly, fortnightly, monthly

    Monthly Fee $2.50 per instalment charge

    Minimum Loan Term 3 months

    Other Fee -

    Maximum Loan Term 3 years

    Early Repayment Fee $125 + any calculated loss

    Other Info -

    More Info
    Harmoney
    53012
    Personal Loan - Unsecured Grade D1-D5
    Rate (p.a.)

    6.99% to 19.99%

    Comparison Rate (p.a.)

    19.71%

    Loan Amount

    $2,000 to $70,000

    Representative example: The advertised rate is 18.99%, so if you borrow $15,000 over 3 years you will pay a $150 Establishment Fee and no Monthly Fees. You will repay $555.26 each month and $19,989.44 in total.

    • You can find out how much you are eligible to borrow with a no obligation application process.

    Establishment Fee $150

    Repayment Options monthly

    Monthly Fee -

    Minimum Loan Term 3 years

    Other Fee -

    Maximum Loan Term 5 years

    Early Repayment Fee No fee

    Other Info -

    More Info
    Instant Finance
    49061
    Personal Loan Secured
    Rate (p.a.)

    19.95% to 29.95%

    Comparison Rate (p.a.)

    22.66%

    Loan Amount

    $200 to $20,000

    Representative example: The advertised rate is 19.95%, so if you borrow $15,000 over 3 years you will pay a $$495 Establishment Fee and a $2.5 fee per month. You will repay $577.96 each month and $20,806.38 in total.

    • Branches nationwide

    Establishment Fee $95 to $495

    Repayment Options weekly, fortnightly, monthly

    Monthly Fee $2.50 per instalment charge

    Minimum Loan Term 3 months

    Other Fee $16.10 (PPSR Manual) $8.050 (PPSR Auto)

    Maximum Loan Term 3 years

    Early Repayment Fee $125 + any calculated loss

    Other Info -

    More Info
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    What is a personal loan?

    A loan for your personal use that must be paid off over a set period of time. This can be secured by an asset that you have agreed to put up as security or unsecured meaning you have borrowed money based solely on your credit history and ability to repay i.e. earnings. As a general rule a personal loan is for a smaller amount and shorter duration than a home loan.

    What are the different types of personal loans?

    Secured Personal Loan

    This is a loan that is secured against an asset, typically a car, boat, or even a savings account. If you fail to repay your loan, the lender can seize the asset and sell it to get their money back.

    Pros

    • The key advantage with a secured loan is that you have access to cheaper interest rates. This is due to the fact that there is less risk to the loan provider.
    • If your credit rating is not perfect you may find borrowing difficult, however entering into a secured loan may provide finance options.

    Cons

    • You can lose the asset you put up as a security for the loan

    Unsecured Personal Loan

    This is a loan where there is no security against the borrowing, hence the lender is providing the loan based on your credit worthiness.

    Pros

    • If providing security is a problem for you and you need cash this is a possibility to gain the finance you need.

    Cons

    • With no security the interest rates will be higher and there will be stricter criteria from the lender to qualify for the more competitive rates.

    Debt Consolidation Personal Loan

    Loans are either secured or unsecured but we include Debt Consolidation in this section as it is often described as a type of loan by the providers in the market place. Debt consolidation is the act of combining multiple loans, usually of different rates from different providers into one single loan. An example would be combining some credit card debt, a finance company personal loan and perhaps some cash borrowings into one consolidation loan.

    Pros

    • The reason to do this is that you should achieve an overall rate that is cheaper and it should be easy to manage with just one payment to make. The loan provider can structure the debt over a longer period to make it easier to pay off i.e. smaller weekly payments.
    • Loan providers will want to work with you when it comes to structuring a debt consolidation loan. The idea being they understand all your financial commitments so they can help you to get on top of your finances.

    Cons

    • You may incur fees getting out of your individual loans and then will have to pay establishment fees to setup the debt consolidation loan.
    • Unless you fix what got you into debt in the first place, just consolidating your debt will not fix your financial problems.

    How much can I borrow?

    This depends on a number of factors. Are you are seeking secured or unsecured? What is your financial position and the level of your income to support the loan? However, there are definite limits around how much institutions will lend particularly with unsecured lending. We provide a comparison table of personal loan rates that you can sort by minimum loan amount here.

    What is the PPSR?

    The Personal Property Securities Register (PPSR) was established by the New Zealand Government in 2002 as a single online register for all the security interests (claims against personal property other than land) that lenders or businesses need to record.

    So, how would I use the PPSR if I was buying something?

    Say you want to buy a second-hand ute for your business, the last thing you need after you have taken ownership is for a finance company to repossess it because the seller still owes money on the vehicle. That would ruin your day!! To find out if any business or person has a registered claim (security interest) on the ute you can check on the PPSR website or check their database via text.

    Personal Loan Checklist

    • Get Quotes

      Each loan provider will have their own fees i.e. Establishment fee, monthly fee, early repayment fee to name a few. These fees are added to your loan principal and hence effect the weekly repayment amount. The only way to properly compare each loan is to get an actual quote.

    • Credit Check

      Know your own credit rating. Lenders use your credit rating to assess your credit worthiness and hence your eligibility to borrow at lower interest rates. If you have an excellent credit rating this is a real bargaining chip for you. You can read about credit ratings at this government site.

    • Research

      Get your finance in place before you go to purchase. Often you can obtain finance at the same place you are purchasing a car and it will seem very convenient. However, you need to check that you cannot achieve a cheaper rate by shopping around.

    The Annual Comparison Rate (APR) takes into account the Advertised Interest Rate, Upfront Fees and any Monthly Fees. We calculate this as it gives our users a better way to compare each loan.

    Comparison Calculations

    The calculations for Monthly Payment Amount and Annual Comparison rate are based on a principal amount of $15,000 and a term of 3 years. These figures take into account the Advertised Interest Rate, Upfront Fees and any Monthly Fees. We calculate these figures as it gives our users a better way to compare each loan. All figures are indicative for comparison purposes only, they do not constitute a quote. Users who are looking to enter into a mortgage contract should seek an exact quote from a mortgage broker or from the institution directly.