Kiwibank Personal Loan – Loan Review
Kiwibank personal loans offer competitive rates for New Zealanders, with online application and fast decisions.
Applying does not commit you to any agreement.
Kiwibank Personal Loan
Kiwibank is New Zealand's largest locally owned bank with over 1 million customers. Personal loans from $2,000 to $50,000 with terms from 6 months to 7 years. Rates start from 13.85% p.a. As a NZ-owned bank, Kiwibank reinvests profits into the country.
Applications can be made online, via the Kiwibank app or at any PostShop outlet nationwide. Existing customers can apply through online banking in around 5 minutes. Approval takes 1-2 business days for existing customers, up to 5 days for new applicants.
No monthly account fee. No early repayment penalty. Kiwibank is frequently rated highly for customer satisfaction among NZ banks.
✓ Pros
- NZ-owned bank
- PostShop outlets nationwide
- No early repayment fees
- No monthly account fee
✗ Cons
- Rates from 13.85% slightly higher than some competitors
- Maximum $50,000
- Better rates require good credit
Loan Example
Example: $10,000 over 36 months at 13.85% p.a. = approx. $339/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income
- ✓ No recent defaults
- ✓ Valid NZ ID
Loan Features
- NZ-owned bank
- Fixed interest rate
- $2,000 to $50,000
- Terms 6 months to 5 years
- Online application
Frequently Asked Questions
1-2 business days after submitting your application.
The minimum amount at Kiwibank Personal Loan is $2,000.
Yes, Kiwibank Personal Loan offers an online application process. Visit their website to apply.