MyFinance Personal Loans – Loan Review
Amount, $1 000 - $50 000 ;Term, 6 - 60 months
Applying does not commit you to any agreement.
MyFinance Personal Loans
MyFinance is a New Zealand consumer lender offering personal loans from $1,000 to $50,000 with terms from 6 months to 5 years. Rates start from 13.95% p.a. They offer a streamlined online application process and transparent, fair lending.
Applications are submitted online and take around 10 minutes. MyFinance conducts a credit check and verifies income. Decisions are typically returned within 1 business day, with funds transferred on approval. Debt refinancing into a single lower-rate loan is also available.
No hidden fees. Early repayment is allowed without penalty.
✓ Pros
- Transparent fee structure
- Debt consolidation available
- No early repayment penalty
- Simple online application
✗ Cons
- Rates from 13.95% p.a.
- Establishment fee applies
- Maximum $50,000
Loan Example
Example: $6,000 over 24 months at 15.95% p.a. = approx. $295/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income
- ✓ Bank statements required
- ✓ Valid NZ ID
Loan Features
- Online loans up to $50 000
- Term 6 - 60 months
Frequently Asked Questions
6 - 60 months after submitting your application.
The minimum amount at MyFinance Personal Loans is $1,000.
Yes, MyFinance Personal Loans offers an online application process. Visit their website to apply.