Brand

Looking for a personal loan?

Compare personal loan rates and save

Compare Loan Rates

Find a personal loan for your needs in minutes.

Compare Personal Loan Rates

What is a personal loan?

A personal loan is money borrowed from a bank, credit union or online lender that you pay back over a set period of time on a fixed monthly payments, i.e. you borrow $5,000 and pay it back every month for 2 years. You will be charged interest on the $5,000 that you borrowed, as well as a one-off fee, and you will need to repay the amount borrowed as well as the interest rate charged.

Personal loans are popular and offer convenience for many New Zealanders. Getting personal loan allows you to have access to money immediately while spreading the repayment over a period that suits your budget, which is a main advantage of it.

What is a secured loan? What is an unsecured loan? And what is the difference?

A secured loan is a loan where the borrower secures an asset, for example your car, to the lender as collateral for the loan. This acts as a guarantee should the borrower be unable to repay the loan, the lender can take possession of the asset, in this example taking the car.

An unsecured loan is a loan where there is no security, which means a higher risk for the lender.

The main difference between the secured and unsecured loan is the interest rate. As mentioned before, an unsecured loan carries more risk for the lender, so often will come with a higher interest rate compared to an secured loan.

Who can get a personal loan?

Every New Zealander can apply for personal loans, in fact many do every day. You can get it as long as you meet the criteria and get approved.

What can I use a personal loan for?

You are free to spend the money on what you want. The most popular reasons include debt consolidation, holidays, big one-time expenses such as weddings, as well as urgent money needs such as medical bills, home repairs/renovations or children expenses. However, these are just some of examples as there are thousands of other reasons people get personal loans.

How much can I borrow? When do I need to repay it?

Most banks have a minimum borrowing amount, which is around $2,000. Personal loans are flexible, and what that means is there is no maximum amount you can borrow nor a date you need to pay it all back by.

When do I need to repay it?

When applying for the loan lenders take into account your income, credit history and savings levels. Lenders do that to assess your ability to repay a personal loan. In doing so, they will also determine a range of suitable repayment terms.

What our customers are saying:

Why compare with glimp?

We save you time & money

Easily compare personal loan rates, features, and benefits. Find the best personal loan in minutes.

A great place to compare

New personal loan site in NZ. Thousands of Kiwis have trusted us with their decisions.

Free to use

glimp is 100% free! Whether you want to compare or get a better personal loan, you pay nothing.

They talk about us

Mentioned by various news outlets, such as stuff, nzherald, Solarcity, Truenet, nbr and many more.

Latest Articles from glimp

Why is health insurance so important?

Health insurance gives you the assurance that you will get the medical attention you need when you need it. Here, we discuss...

Do you need life insurance?

Life insurance can make the grieving process for your family a little bit easier. However it is not necessary for everyone. Here,...

What does mobile phone insurance cover?

Mobile phones nowadays tends to be a person’s most prized possession, so it might be worthwhile to get it insured. Here, we...

7 Things You Should Consider Before Getting a Pet

Adopting a pet is a great responsibility. While having a pet can be great fun it’s not for everyone. Here are 7...

Find a better personal loan rate

Don't put it off any longer.

Google rating 3d550da73015d4619d871361ff35a16af6f9290008b572d3db617236fd96fcb5 +
Anil Chauhan , 2019-06-07

I didn't excepted the whole process to be so easy in choosing a service provider for my home. Thank you glimp for your wonderful service at no cost... You guys deserves more than 5 star rating... Thanks :)

Rob Lake , 2019-03-03

Was a very easy process to review the options and to choose the best for us. The subsequent registration process and transferring to the providers questions and signing up was also made easy. Thank you for setting up the functionality.

Miss Chey , 2019-06-19

So easy to use! Glimp helped me find a power company with a great deal exclusive to Glimp. Highly recommend using their service if you are wanting to compare different companies to get the best deal. Thanks Glimp!

Victoria Mills , 2019-01-14

Such a user-friendly website! Provided the best deals for both broadband and power companies specific for each customer. Uncomplicated sign up process, completed in under 10 minutes! Very effortless and assistance is available if required. I highly recommend to all who desire a quick and simple switch or sign up!