Lending Crowd Personal Loan – Loan Review
Amount, $2 000 - $200 000 ;Term, 2 – 5 years
Applying does not commit you to any agreement.
Lending Crowd Personal Loan
Lending Crowd is New Zealand's leading peer-to-peer lending platform, connecting borrowers with individual investors. Personal loans from $2,000 to $200,000 with terms from 2 to 5 years. Rates start from 5.03% p.a. for highest-quality borrowers – making it one of the most competitive options for those with strong credit.
The application is entirely online. Lending Crowd assigns each application a credit grade (A+ to D), determining the interest rate. Approval typically takes 1-3 business days and funds are disbursed once the loan is fully funded by investors.
An origination fee of 1.5%-4% of the loan amount applies, but there are no monthly fees and no early repayment penalties.
✓ Pros
- Very competitive rates from 5.03% p.a.
- Large amounts up to $200,000
- No early repayment fees
- Fully online process
✗ Cons
- Origination fee 1.5-4% applies
- Funding depends on investor interest
- Best rates only for top credit grades
- Terms limited to 2-5 years
Loan Example
Example: $20,000 over 3 years at 7.99% p.a. + 2% origination fee = approx. $626/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Minimum income $30,000 p.a.
- ✓ No defaults or bankruptcies in last 3 years
- ✓ Valid NZ bank account
Loan Features
- Online loans up to $200 000
- Term 2 – 5 years
Frequently Asked Questions
2 – 5 years after submitting your application.
The minimum amount at Lending Crowd Personal Loan is $2,000.
Yes, Lending Crowd Personal Loan offers an online application process. Visit their website to apply.