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Personal Loan Companies in NZ

You’ve got a lot of options if you’re looking to get a personal loan in New Zealand. There are a range of providers each with their own benefits. Regardless of the type of loan you are looking for, there will be something available for you. These providers cover everything; car, holiday, funeral, wedding, birthday, personal and debt consolidation loans. These NZ finance companies want to make it as easy as possible for you to pay off the loan, so they offer variable terms and debt consolidation options to get you on a track towards financial freedom. Here’s our comparison of the personal loan companies in NZ

Compare personal loan companies with glimp

You can find whatever type of loan you want with the range of providers available here on glimp. Some providers will create loans with interest rates that are specific to you, while others offer a fixed interest loan rate. You can also choose between a secured personal loan and unsecured personal loans (more popular). You can look around for the best rate over the term, and also take into account the other fees like establishment fees, late fees, or variations on the payment handling fees.

harmoney personal loans nz


Harmoney is unique for being a peer-to-peer lending service. You can get loans between $2,000 and $70,000 for terms between 3 and 5 years. All of the Harmoney loans are unsecured so there’ll be no risk of them coming after your personal property. Harmoney will give you a unique rate based on your credit history, and they are quick too, with most loans fully funded within 24 hours. 

Harmoney Rates

Harmoney has variable rates, so they can create a loan specific to you and the term you desire. The rates start at 6.99% and go up to 29.99% p.a. That rate will be fixed for the life period of that loan.

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tsb personal loans nz


With TSB personal loans, you can get anything between $1,000 and $30,000 over a term between 1 and 5 years. They come with an establishment fee of only $150 and they’ll stick to the fixed interest rate offered for the full term of the loan.

TSB Rates

 TSB offer a single fixed interest rate of 12.95%, which is guaranteed to remain stagnant for the duration of the loan. A fixed interest rate makes budgeting easier as you’ll always be paying off the same amount.

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westpac personal loans nz


Westpac give personal loans up to $50,000 (sometimes more on request) for terms between 1 and 5 years, although they can work out different terms on request. There’s also no extra fees to pay for early repayments.

Westpac Rates

Westpac offers a fixed interest rate of 13.95% p.a. This rate will remain the same for the duration of the loan. There’s an establishment fee of only $100, and a loan payment failed fee of $10 per failure, as well as a late payment fee of 5% p.a on any overdue balance.

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anz personal loans nz


With ANZ you can borrow anything from $3,000 to $40,000 for a term between 6 months and 7 years. You’ll quickly get the outcome of your application for a loan within 1 or 2 business days and ANZ also offer flexible repayment options so you can pay it off early with no fees or extra charges.

ANZ Rates

ANZ also offer a fixed interest rate which will remain stagnant for the duration of the loan. It’s a rate of 13.90%p.a. They have an establishment fee of $115 unless you are a full-time tertiary student with a Jumpstart account.

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heartland personal loans nz

Heartland Bank

Heartland Bank offer flexible options of repayment for a range loans. You can start your application online with a few clicks and you’ll get a response within 2 working hours, or they can offer conditional approval if you need something faster. 

Heartland Bank Rates

Heartland Bank will come up with a custom interest rate for your loan based on your credit history and income. This rate will be somewhere between 8.95% and 15.95%p.a. The term can vary from 1 year to 5 years.

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finance now personal loans nz

Finance Now

Finance Now have loans available for a range of situations, you can choose them to be secured or unsecured. If you’re after a new car, holiday, home reno, repairs, or new equipment then there’s a finance now loan specific to your needs. 

Finance Now Rates

You can use the calculator on the Finance Now website to see what interest rate you might be looking at. The rates offered by Finance Now vary from 12.95% to 29.95% and accompanies an establishment fee of $180 and a $2.50 monthly service fee.

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asb personal loans nz


Asb offer loans for everything including cars, debt consolidation, education, travel, weddings and home renovations. They’ll usually respond within 24 hours and their terms go from 6 months up to 7 years. 

ASB Rates

ASB will come up with a unique rate for you based on your credit history and income. For a secured loan it will be 12.95%, but for an unsecured loan it starts at 13.95% and goes up. The minimum amount for a secured loan is $20,000 and for unsecured it is $2,000.

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avanti personal loans nz

Avanti Finance

Avanti Finance offers many types of personal loans. Whether you’re looking at getting a new car, travelling, buying a home, getting capital for a business or just a small personal loan, Avanti Finance have something for you. 

Avanti Finance Rates

You can get an estimate of the rate you’ll get from Avanti Finance with their online calculator. They don’t have flat interest so they can curate your loan based on your credit history and income.

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kiwibank personal loans nz


With Kiwibank you can borrow anything from $2,000 upwards. You’ll always have a fixed interest rate so you’ll be able to track the repayments carefully and plan well in advance. You also won’t be punished for making repayments in advance. The cash will end up in your account within a day of it being approved. 

Kiwibank Rates

For a personal loan between $2,000 and $9,999 you’ll be paying 18.95% interest and for anything over $10,000 you’ll pay 16.95%. There is also an establishment fee of $240 for everyone except graduate pack customers who won’t need to pay, as well as payment handling fees of $1.50 and late payment $35 fees.

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Best loan companies in New Zealand

The best loan company in New Zealand will vary based on what you are actually looking for. Sometimes if you have a great credit score and a strong income you’ll be able to find a great deal from a provider that offers variable loans instead of a loan company that only offers a fixed interest rate. There are some companies that will send all of the profits overseas while others are New Zealand based so the profits will stay here. Harmoney is an outlier because it is a peer-to-peer lending service, so the interest on your loan will go to other hard-working kiwis.