I have a low credit score, can I still apply for a car loan?

A low credit score shouldn’t be a barrier to financing your next vehicle

Here at NZCU Baywide, we believe that every Kiwi deserves to live their best financial life. Even if your credit score isn’t in great shape. That’s why we consider each application for a loan on its individual merits. So yes, you can still apply for car finance if you have a low credit score.

When we review your application, we take into account your current financial situation, including factors such as your financial profile, credit history, and your capacity to repay the loan. Why not find out if we can help you with a car loan by filling out our online loan affordability check?

Once complete, we can walk you through your options.

If you’re still unsure, please contact our team on 0800 229 943 and they’ll help you out.

Please Note: Applicants must not be currently bankrupt or entered into a NAP (No Asset Procedure). A lower credit score may also affect the final interest rate as well as the amount you can borrow.

Credit Scores leaving you confused? Then consider:

  • Not sure what your credit score is?
    Visit the Credit Simple site here and find out your credit score, for free, instantly.
  • Boost your credit score
    Before applying for your loan, it can pay - literally - to work on improving your credit score. A better credit score could give you access to higher loan amounts, lower interest, and an easier approval process. 
  • Finance your next car with confidence using our checklist
    Buying a new or used car is one of the biggest purchases you can make, so prepare with our car finance checklist that's chock-full of the things you need to consider when financing your next vehicle.

More frequently asked questions about our vehicle loans

You may find the answer on one of the pages below:

If you have not found your answer, please feel free to contact us.


Want to know your options?

Use our vehicle loan calculator