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Personal loans from 9.9% p.a.*

Rates and information

 

Our interest rates are priced using a risk matrix that takes into consideration a range of factors including an individual's credit score and affordability. Based on the assessment of an individual's financial information we will assign a risk grade and the corresponding interest rate could apply. Read more about our loans here.

 

 

Secured loan

Unsecured loan

Grade Interest rate p.a.* Interest rate p.a.*
Orange A 9.90% 10.90%
Orange B 11.90% 12.90%
Yellow A 13.90% 14.90%
Yellow B 15.90% 16.90%
Green A 17.90% 18.90%
Green B 19.90% 20.90%
Blue A 21.90% 22.90%
Blue B 23.90% 24.90%
Purple A 25.90% 26.90%
Purple B 27.90% 28.90%

 

*Note: These interest rates are indicative only and may be subject to change without notice.
As published on interest.co.nz as at 6 January 2020.

 

For information on our loan agreements and terms and conditions click here.

 

More information on our loans

  • We have flexible borrowing terms available from 6 mths - 7 years
  • The minimum personal loan borrowing amount is $2,000 and the maximum personal loan borrowing amount is $20,000.
  • No early repayment fees - you have the option to make lump sum repayments and pay your loan off faster
  • The minimum personal loan interest rate is 9.90% p.a.
  • The maximum personal loan interest rate is 28.90% p.a.
  • View our interest rates and fees here

When applying for a credit loan it's important to consider all of the costs involved. 

Below is an example of the total costs included over the term of a secured vehicle loan:

$15,000 personal borrowing

+ $250 approval fee

+ $36.51 third party charges (credit check, vehicle check and registering security over vehicle)

$15,286.51

Set up over a term of 3 years (157 weeks) at 9.9% p.a. interest = weekly repayments of $112.74