ASB Personal Loan – Loan Review
Personal loan from one of New Zealand's largest banks. Flexible terms, competitive rates, fast online application.
Applying does not commit you to any agreement.
ASB Personal Loan
ASB is one of New Zealand's largest banks, offering personal loans from $1,000 to $100,000 with terms from 6 months to 7 years. Rates start from 12.90% p.a. for creditworthy borrowers. The loan can be used for any purpose – debt consolidation, home improvements, a vehicle, travel or unexpected expenses.
Applications can be made online, in-branch or via the ASB Mobile app. Existing ASB customers can receive a conditional decision in seconds through FastApply. New customers typically receive a decision within 1-2 business days. Funds are deposited directly to your nominated account.
ASB charges no early repayment fees, giving full flexibility to pay off your loan sooner. A one-off establishment fee applies. Monthly account fees vary – check asb.co.nz for current rates and fees.
✓ Pros
- No early repayment fees
- Fast FastApply for existing customers
- Flexible terms 6-84 months
- One of NZ's largest banks
✗ Cons
- Establishment fee applies
- Rates from 12.90% – varies by credit profile
- Online application best for existing customers
Loan Example
Example: $10,000 over 36 months at 12.90% p.a. = approx. $336/month, total repayment approx. $12,096.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income
- ✓ Good credit history
- ✓ Valid NZ ID
Loan Features
- Loan amount $1,000 to $100,000
- Terms 6 months to 7 years
- Fixed interest rate
- No early repayment fees
- Online application via ASB Mobile app
Frequently Asked Questions
1-2 business days after submitting your application.
The minimum amount at ASB Personal Loan is $1,000.
Yes, ASB Personal Loan offers an online application process. Visit their website to apply.